IMF says our discussions will now continue at a technical level

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International Monetary Fund Managing Director Christine Lagarde said on Tuesday that she and Argentina‘s Finance Minister made progress towards strengthening the IMF-backed program for Argentina in the face of market volatility.

“Our discussions will now continue at a technical level and, as stated before, our common objective is to reach a rapid conclusion to present a proposal to the IMF Executive Board,” Lagarde said after meeting with Argentine Finance Minister Nicolas Dujovne and central bank deputy governor Gustavo Cañonero. (Reuters)

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IMF board would be able to vote on potential changes to the Argentina program - Middle East AffairsSeptember 5, 2018 - 2:03 pm

[…] Argentina’s government said on Tuesday it hoped the International Monetary Fund would agree in the second half of September to a deal giving the country more financial support as it seeks to escape a deepening economic crisis. Economy Minister Nicolas Dujovne met IMF chief Christine Lagarde in Washington and both said they were working together to improve a $50 billion (38.89 billion pounds)standby finance deal agreed with the IMF’s executive board in June. “We are trying to get it voted on by the (IMF) board …. in the second half of September,” Dujovne said after the meeting. […]

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