News Brief: IMF Managing Director Köhler Welcomes Argentine Senate Action

July 30, 2001

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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