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Updated On: Sunday, 22 September 2019

IMF Argentina Turkey

Content by: South-South News

7 September 2018, New York, USA | South-South News — The International Monetary Fund (IMF) is holding its ongoing technical talks with Argentina on how to best support that country’s economy, spokesman Gerry Rice told reporters today (06 Sep) in Washington.

Argentine Minister of the Treasury Nicolas Dujovne led a delegation which has held discussions with the IMF on how to implement a support package to help shore up the economy and restore investor confidence.

Rice sought to reassure that the IMF and Argentina are in a partnership and that social protections remain in place to ensure there should not be a repeat of the civil unrest that hit the country in the wake of the 2002 economic downturn there.

The IMF spokesperson said “you know Argentina is very different today than the last time it engaged with the IMF, and the IMF is a very different institution from when it last engaged with Argentina.”

Rice was asked if cooperating with the IMF would be politically damaging to the government of Argentine President Mauricio Macri.

He said “I don’t think we should pre-suppose anything in terms of the ‘environment.’ But I know that the Argentine authorities are doing everything they can to build a supportive environment for the program. And I can only reiterate what Madame Lagarde has said recently: Argentina has the full support of the IMF.”

Turkey has not requested aid from the IMF, Rice also announced. illion solar home systems. This has, created more than 115,000 jobs, and saved rural households over $400 million dollars in polluting fuels.”

Storyline by: Unifeed

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