Press Release No. 19/129

Mr. David Lipton, the IMF's First Deputy Managing Director issued the following statement today:

“Argentina is facing a challenging situation in financial markets. Today, Fund staff briefed the IMF’s Executive Board on the recent market volatility experienced by Argentine assets and the recalibration of intervention policies announced by the Banco Central de la República Argentina. Executive Directors expressed their support for the framework underpinning the Stand-By Arrangement and the government’s implementation of those policies.”