ZCZC
BCN-06
ARGENTINA-IMF
IMF to reopen office in Argentina
NEW YORK, Oct 16, 2018 (BSS/AFP) – The International Monetary Fund said
Monday it has decided to reopen an office in Argentina, six years after
leaving.
The decision came days after Buenos Aires reached a deal with the IMF on
the money supply, interest rates and an exchange rate framework.
In exchange for these measures, the Fund agreed to speed up payment of a
$50 billion loan granted in June to Latin America’s third-largest economy,
now in another economic crisis.
Economist Trevor Alleyne, an IMF staffer since 1992, will be the Fund’s
representative in Buenos Aires.
He has overseen IMF missions in countries such as Nigeria, Zambia,
Jamaica, Peru, Venezuela and Ecuador.
BSS/AFP/MR/ 1220 hrs