Press Release No. 18/216

Mr. Alejandro Werner, the IMF’s Director of the Western Hemisphere department, made the following statement today regarding the negotiations between IMF staff and the Argentine government on Fund financial support for their economic plan.

“IMF staff and the Argentine authorities have been engaged in a very constructive and close dialogue in response to the authorities’ request for financial support for their economic plan. Talks are well advanced. As we have said all along, this will be a plan driven by the Argentine government’s priorities, with a particular focus on protecting the most vulnerable, and strengthening the local economy in light of the recent financial market turbulence.”