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.
Economy Minister Martín Guzmán is scheduled to travel to Saudi Arabia on Thursday for a G20 meeting, where he will meet with IMF chief Kristalina Georgieva and hold a series of bilateral meetings to review Argentina’s debt restructuring plans. Georgieva will have on the table fresh data collected by the IMF mission lead by Julie Kozak and Luis Cubbedu that finishes today a week working in Buenos Aires.
An IMF technical team will travel to Buenos Aires in February, an important step in critical debt negotiations, after Argentine Economy Minister Martín Guzmán held talks in New York on Tuesday with the Deputy Director of the IMF's Western Hemisphere Department, Julie Kozack, and the chief of mission for Argentina, Luis Cubeddu, which both parties described as "very productive." Guzmán is scheduled to meet with the IMF managing director, Kristalina Georgieva, next week at the Vatican.