Statement by the IMF Managing Director on Argentina
IMF News, February 22, 2020
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Bibliographic details
- Published: February 22, 2020
Meeting and context
- Press Release No. PR20/60
- Date: February 22, 2020
- Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund, met with Mr. Martín Guzmán, Economy Minister of Argentina on the sidelines of the G-20 Finance Ministers and Central Bank Governors Meeting in Riyadh, Saudi Arabia.
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Key findings and statements
- The Managing Director described the exchange as: "a very fruitful exchange of views on the country’s challenges, and the path forward to ensure a more sustainable and inclusive growth for Argentina."
- Commendation of Argentine authorities:
- "I commended the efforts thus far, under the leadership of President Alberto Fernández, to put in place a set of policies to stabilize the economy and to reduce poverty."
- Debt resolution and future engagement:
- "Building on the findings of the recent IMF staff mission to Buenos Aires, we also discussed the authorities’ plans to secure a sustainable and orderly resolution of Argentina’s debt situation."
- "In this context, I welcomed the Argentine authorities’ commitment to continue to deepen our engagement including through an Article IV Consultation and steps toward a Fund-supported program in the future. The modalities of these next steps will continue to be discussed."
Policy emphasis and commitment
- The Managing Director reiterated the Fund’s focus and commitment: "As I have said from the start, our commitment and focus are with Argentina and its people. We want to see the Argentine economy recover in a durable manner, poverty to be reduced and Argentineans prosper."
Statement by the IMF Managing Director on Argentina, February 22, 2020.