WASHINGTON: IMF officials will meet with the economic team from crisis-hit Argentina later this month to review the status of the country's massive loan programme, an IMF spokesman said on Thursday .
The IMF engagement with Argentina"remains strong," Rice said. But he acknowledged that"the ongoing uncertainty makes the situation even more difficult." The government has received about US$44 billion so far of the three-year loan approved in June 2018, but soaring inflation and rising poverty stirred outrage at the government's belt-tightening measures.The defeat of business-friendly Macri at the hands of populist challenger Alberto Fernandez once again whipped up market volatility in the recession-hit nation.
However, despite Argentina's track record of economic crises, hyperinflation and debt default, Rice denied the IMF had violated any rules by once again providing financing to Buenos Aires.
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Fonte: ChannelNewsAsia - 🏆 6. / 66 Leggi di più »