Argentine Government Notifies IMF of Request for New Fund Arrangement
IMF News, August 26, 2020
Source details
- Canonical URL
- Argentine Government Notifies IMF of Request for New Fund Arrangement
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Bibliographic details
- Published: August 26, 2020
Meeting and participants
- Press Release No. 20/287
- Date: August 26, 2020
- Location: Washington, DC
- Participants mentioned:
- Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF)
- Argentina President Alberto Fernández
- Minister Guzmán
- BCRA Governor Pesce
- Media contacts:
- IMF Communications Department, MEDIA RELATIONS
- PRESS OFFICER: Raphael Anspach
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- Twitter: @IMFSpokesperson
Key statements and findings
- The Managing Director described the conversation as “very constructive and positive.”
- President Fernández notified the Managing Director of “the request by his government to start discussions on a new IMF-supported program.”
- Excerpt of the Managing Director’s statement:
- “I had a very constructive and positive conversation with President Fernández today. We discussed the important challenges faced by Argentina, including in the context of the global pandemic, and the Argentine government’s priorities in the period ahead, in particular the need to reinvigorate the economy, while continuing to protect the most vulnerable. In this context, President Fernández notified me of the request by his government to start discussions on a new IMF-supported program.
- “We look forward to deepening our dialogue on how we can best support the government’s efforts to manage the impact of the pandemic, jumpstart growth and job creation, and reduce poverty and unemployment while strengthening macroeconomic stability for the benefit of all Argentines. As I have said before, we stand ready to play our role, working with Minister Guzmán, BCRA Governor Pesce and their teams to support Argentina in these challenging times.”
Next steps and policy focus areas
- Initiation of discussions on a new IMF-supported program at Argentina’s request.
- IMF readiness to work with Argentine authorities to:
- Manage the impact of the global pandemic
- Jumpstart growth and job creation
- Reduce poverty and unemployment
- Strengthen macroeconomic stability
Source: Press Release No. 20/287, August 26, 2020, IMF Communications Department.