IMF mission leaves Buenos Aires but talks will continue

The International Monetary Fund’s (IMF) team rounded up its mission to Buenos Aires saying that negotiations for a new loan will continue. IMF Managing Director Kristalina Georgieva’s envoys held meetings with Economy Minister Luis Toto Caputo and other high-ranking officials from the libertarian administration, after which they reckoned that some progress had been made. Former IMF’s Western Hemisphere Department Alejandro Werner warned recalled that “not signing a new agreement would place Argentina in a very delicate financial situation.” In his view, the Milei administration’s initial economic achievements are encouraging, but do not ensure a smooth recovery for a path for a country facing maturities of up to US$ 8 billion with the IMF and other international institutions this year.

January 29, 2025 

SOURCE: MERCOPRESS

IMF mission leaves Buenos Aires but talks will continue