IMF, Argentina agree on Article IV review paving the way to new debt deal

Argentina Economy Minister Martín Guzmán and IMF Managing Director Kristalina Georgieva agreed to start Article IV consultations, during conversations on the sidelines of the G20 meeting in Riyadh, Saudi Arabia on Saturday. The Article IV review might pave the way to changing the terms of the IMF $56bn stand-by loan for a new program. Guzmán is travelling to Washington today to hold further meetings with IMF staff. The “very fruitful exchange” in Riyadh also touched on ways to secure more sustainable and inclusive growth for Argentina, the IMF said in a statement.

Source: BAE Negocios