Argentina's Milei to meet with IMF representatives after market turmoil

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

By Jorgelina do Rosario LONDON (Reuters) - Argentina presidential candidate Javier Milei is set to meet International Monetary Fund (IMF) ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOSLONDON - Argentina presidential candidate Javier Milei is set to meet International Monetary Fund representatives on Friday, just days after a shock primary election sent the cash-strapped nation's markets reeling.

The director of the Fund's Western Hemisphere Department Rodrigo Valdes and the mission Chief for Argentina Luis Cubeddu are set to be in the virtual meeting. Right-wing Milei got 30% of the vote in Sunday's election, the most of all the candidates ahead of the Oct. 22 presidential vote. The surprise result sparked turmoil in the country's bond and currency markets, triggering the central bank to hike interest rates by 21 percentage points and the government to devalue the currency by 18%.Argentina's economy is the largest debtor to the Washington-based lender, with a $44 billion loan.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines