IMF Mission Team Statement on Argentina

IMF News, July 13, 2021

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IMF Mission Team Statement on Argentina

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Bibliographic details

• Published: July 13, 2021

Meetings and participants

• Press Release No. 21/214
• Date of statement: July 13, 2021
• IMF Communications Department; MEDIA RELATIONS; PRESS OFFICER: Maria Candia; Phone: +1 202 623-7100; Email: MEDIA@IMF.org; @IMFSpokesperson
• An IMF team led by Julie Kozack, Deputy Director of the Western Hemisphere Department, and Luis Cubeddu, mission chief for Argentina, met with Argentina’s Economy Minister Martin Guzmán and his team on July 8-12 in Venice, Italy.

Objectives and topics discussed

• Goal: deepening the technical work necessary to develop an IMF-supported program.
• Discussed the evolution of the global environment and the COVID-19 pandemic and their implications for Argentina’s macroeconomic framework.
• Focus areas included policies to strengthen the recovery, economic stability, and job creation.

Progress and substantive outcomes

• The teams reported productive meetings to further advance technical work towards an IMF-supported program.
• Progress was made in identifying policy options to:
  • develop the domestic capital market,
  • mobilize domestic revenue,
  • strengthen Argentina’s external resilience.

Next steps and commitments

• The IMF team and the Argentine authorities will continue working together in the period ahead to further deepen their understandings in these key areas.
• Stated goal: to support Argentina as it durably addresses its economic and balance of payment challenges.

IMF Communications Department, July 13, 2021

References

• Argentina and the IMF
• Italy and the IMF
• Press Releases
• PRESS CENTER
• https://www.imf.org/en/home