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Argentina minister to meet IMF's Lagarde to request loan
 [News Asia] WASHINGTON: Argentina Economy Minister Nicolas Dujovne is due to meet on Thursday with IMF chief Christine Lagarde to request a financing package to help shore up the struggling economy, officials said on Wednesday (May 9).Dujovne will also meet with a senior US Treasury official in a key step in the talks with the IMF, which are likely to last six weeks, his spokesman said in a statement. The talks come 17 years after the country defaulted on its debt and 12 years after it cut ties with the IMF, amid a bout of market turbulence rocking Latin America's third-largest economy. Argentine President Mauricio Macri announced on Tuesday that he was going to the IMF for help as a "preventative" measure after the nation's currency plummeted amid high inflation and rising US interest rates. Officials have declined to say how big a line of credit Argentina is seeking. Posted by: Besoeker 2018-05-10 |
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