Talks between Argentina and the International Monetary Fund (IMF) are advancing, the Argentine representative to the development bank said on Saturday, a fresh sign of progress as the ailing South American grains producer continues negotiations to pay down its $45 billion debt to the Fund.
A spokesman for the fund on Friday called recent discussions “very productive” but had declined to provide a timeline for a potential agreement. On Saturday, Argentina seconded that view.
“We continue to advance in milestones and in areas of agreements. We are well on our way in constructing (the deal), step by step,” Sergio Chodos, Argentina‘s representative to the IMF, told a local radio station, according to a statement from the Argentine government. “The sooner the better.”