International Monetary Fund (IMF) Managing Director Christine Lagarde is to meet with Argentine Finance Minister Nicolas Dujovne next Tuesday to discuss a rescue plan for the crisis-torn economy, IMF Chief Spokesman Gerry Rice said on Friday.
WASHINGTON (Pakistan Point News / Sputnik - 31st August, 2018) International Monetary Fund (IMF) Managing Director Christine Lagarde is to meet with Argentine Finance Minister Nicolas Dujovne next Tuesday to discuss a rescue plan for the crisis-torn economy, IMF Chief Spokesman Gerry Rice said on Friday.
"IMF Managing Director Christine Lagarde, Fund staff and Argentine Finance Minister Nicolas Dujovne and his team are scheduled to meet on Tuesday next week to advance the dialogue," Rice said via Twitter.
Rice explained the IMF's goal is to rapidly conclude the talks and have a revised economic recovery plan agreed with the Argentine government to submit to the Fund's Executive board.
"Argentina has the full support of the Fund and we are confident that the strong commitment and determination of the Argentine authorities will help the country overcome the current difficulties," he said.
In June, IMF granted Argentina immediate access to $15 billion to stabilize its budget and begin implementing a series of economic reforms, as well as access to an additional $35 billion.
Argentina has accepted a three-year, IMF-backed plan to trim government borrowing, reduce inflation and guarantee independence of the nation's central bank.
