BUENOS AIRES, Feb 23 (NNN-Xinhua) — Argentina and the International Monetary Fund (IMF) announced that progress has been made in their talks about a new agreement to address the South American country’s debt.<\/p>\n\n\n\n
The Saturday announcement came after a meeting between Argentine Economy Minister Martin Guzman and IMF Managing Director Kristalina Georgieva on the sidelines of a G20 meeting in Riyadh, Saudi Arabia.<\/p>\n\n\n\n
Argentina’s economy ministry said in a statement that Guzman spoke to Georgieva about “the intention to begin an Article IV Consultation,” which includes an annual review of the country’s economy.<\/p>\n\n\n\n
Guzman said the measure is “a valuable step that will deepen mutual understanding between the Argentine government and the IMF authorities on the way to have a new program.”<\/p>\n\n\n\n
Georgieva said her meeting with Guzman was “fruitful” and expressed her support for Argentine President Alberto Fernandez “to stabilize the economy and to reduce poverty.”<\/p>\n\n\n\n
Georgieva added that she “welcomed the Argentine authorities’ commitment to continue to deepen our engagement including through an Article IV Consultation and steps toward a Fund-supported program in the future.”<\/p>\n\n\n\n
Argentina and the IMF agreed to a stand-by deal in mid-2018 for the release of around 56.7 billion U.S. dollars, of which the country has received about 44.1 billion dollars in disbursements.<\/p>\n\n\n\n
IMF experts recently said Argentina’s debt was unsustainable.<\/p>\n\n\n\n
Negotiations will continue on Monday, local media reported. — NNN-XINHUA<\/p>\n","protected":false},"excerpt":{"rendered":"
BUENOS AIRES, Feb 23 (NNN-Xinhua) — Argentina and the International Monetary Fund (IMF) announced that progress has been made in their talks about a new agreement to address the South American country’s debt. The Saturday announcement came after a meeting between Argentine Economy Minister Martin Guzman and IMF Managing Director Kristalina Georgieva on the sidelines […]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[208],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/63001"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63001"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/63001\/revisions"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63001"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}