IMF mission returns to Buenos Aires to discuss ‘next steps’

The International Monetary Fund will send another mission to Buenos Aires on Monday to continue debt strategy talks and discuss “next steps,” an IMF spokesman said on Thursday, as Argentina seeks to renegotiate its $57 billion financing package. Julie Kozack, the IMF deputy director for the Western Hemisphere, and Luis Cubeddu, head of the IMF’s mission in Argentina, will lead the team. In their previous visit just over a week ago they said Argentina's sovereign debt was "unsustainable".

IMF mission team led by Julie Kozack arrives in Buenos Aires

A team of experts from the International Monetary Fund (IMF), due to arrive in Argentina this Wednesday for crucial talks with the government, have extended their visit by a further four days. The team will be headed by Julie Kozack, the IMF's deputy director of the Fund's Western Hemisphere Department, and Luis Cubeddu, the IMF’s mission chief for Argentina, and will remain in the Argentine capital until February 19 "to permit dialogue and deeper work on [debt] issues," a Fund spokesperson said.

Argentina begins formal negotiations with the IMF

Argentine representative Sergio Chodos takes office this week in Washington as the new director of the Southern Cone before the IMF. During meetings with Kristalina Georgieva and Luis Cubeddu, he will formally present President Alberto Fernández' proposal for paying off $ 44 billion of the stand-by credit agreed in 2018.