News Briefs

Argentina and the IMF





News Brief No. 01/48
June 3, 2001
International Monetary Fund
700 19th Street, NW
Washington, D.C. 20431 USA

IMF Welcomes Argentine Announcement

The International Monetary Fund (IMF) welcomed today the announcement by the Argentine government of the successful conclusion of the debt exchange offer, including the US$ 8 billion participation by foreign investors.

The greater than expected amount of debt exchanged should lead to a substantial reduction in gross financing requirements through 2005.


IMF EXTERNAL RELATIONS DEPARTMENT

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