Argentina Begins Talks with IMF Over Financial Aid
Argentina Begins Talks with IMF Over Financial Aid
During COA's 48th annual Washington Conference of the Americas U.S. Undersecretary for International Affairs David Malpass stated the administration's support for President Macri's reforms and ongoing negotiations with the IMF.
Argentina began formal talks with the IMF on Thursday as it sought emergency financial support to stabilise its economy, a controversial move in a country with painful memories of involvement with the multilateral lender.
Argentina’s Treasury minister, Nicolas Dujovne, met with Christine Lagarde, the IMF’s managing director, to discuss a “standby arrangement” with the fund.
Argentina is once again seeking IMF aid after a series of drastic interest rate rises failed to stop the slide in the peso, in a blow for a country that was taking steps to restore its credibility after years as a financial pariah.
