Economy

IMF will try to reach an agreement with Argentina before May

"We are working hard with the Argentine authorities and we will do everything possible to meet the deadlines set by the minister," said an IMF spokesman, Gerry Rice

Photo: Government of Argentina/Website

Argentina’s economy minister Martín Guzmán will try to reach an agreement with the International Monetary Fund before May, to then proceed to negotiate with the Paris Club, as reported La República newspaper.

“We are working hard with the Argentine authorities and we will do everything possible to meet the deadlines set by the minister,” said an IMF spokesman, Gerry Rice, in a conference from Washington. “Negotiations for a future program continue. It may be supported by an EFF, an extended facilities program,” Rice added. It is an agreement that extends for up to ten years.

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In the coming weeks, there will be virtual meetings with the Argentine IMF staff and the national authorities. Guzmán plans to travel to Washington DC at the end of the month to hold meetings with officials of the Fund and of the new administration of Joe Biden.

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