Insight

IMF in positive engagement with Argentina, welcomes govt efforts – spokesman

NEW YORK (Reuters) – The Worldwide Financial Fund had a “very constructive” first engagement with Argentina’s not too long ago named financial system minister Silvina Batakis, an IMF spokesman mentioned on Thursday.

“I hope that our employees crew on Argentina, together with our resident consultant in Buenos Aires, are already partaking with the minister and her technical crew,” mentioned Fund spokesman Gerry Rice in a scheduled press briefing.

“We welcome efforts to strengthen expenditure controls, tax compliance, and public debt administration coordination,” he mentioned.

Argentina is the IMF’s largest debtor, with a $44 billion program that was authorized by the board in late March.

Rice mentioned the targets of this system stay in place, even amid a really difficult international atmosphere.

“We’ve had a really constructive preliminary engagement with the minister, and we look ahead to persevering with to work constructively to attain the agreed targets,” he mentioned.

(Reporting by Rodrigo Campos in New York and David Lawder in Washington)



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