Argentina, IMF discuss monetary programme
PHOTO: REUTERS
Argentina President-elect Javier Milei said on Friday he had spoken with the director of the International Monetary Fund (IMF), Kristalina Georgieva, regarding plans to adjust the country’s fiscal policy and monetary programme.
“The Fund showed itself to be collaborative in looking to find the structural solutions Argentina needs,” Milei said on social media network X.
Georgieva later said the two discussed the “significant challenges ahead” for Argentina’s economy and the “decisive” policy actions needed.
Read: Argentine libertarian Milei pledges new political era after election win
The country is currently facing inflation nearing 150%, a looming recession and net reserves seen at negative $10 billion. Argentina is tied up by a $44 billion loan programme from the IMF that has veered off track.
The IMF has hardened its view on how Argentina is running a $44 billion loan programme that has gone off track ahead of the country’s key presidential vote later in November.
Published in The Express Tribune, November 26th, 2023.
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