News Briefs

Argentina and the IMF





News Brief No. 01/67
July 30, 2001
International Monetary Fund
700 19th Street, NW
Washington, D.C. 20431 USA

IMF Managing Director Köhler Welcomes Argentine Senate Action

Horst Köhler, Managing Director of the International Monetary Fund (IMF), made the following statement today:

"We welcome the passage today by Argentina's Congress of the package of measures designed to achieve a zero fiscal deficit. This demonstrates the political unity behind Argentina's commitment to fiscal discipline, and decisive implementation of these measures should help greatly to stabilize the macroeconomic situation and to strengthen confidence. An IMF staff mission is currently in Buenos Aires, and we will continue to work with the authorities to help resolve their current economic difficulties."


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