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Argentina Begins Talks with IMF Over Financial Aid

May 10, 2018

Argentina began formal talks with the IMF on Thursday as it sought emergency financial support to stabilise its economy, a controversial move in a country with painful memories of involvement with the multilateral lender.

Argentina’s Treasury minister, Nicolas Dujovne, met with Christine Lagarde, the IMF’s managing director, to discuss a “standby arrangement” with the fund. 

Argentina is once again seeking IMF aid after a series of drastic interest rate rises failed to stop the slide in the peso, in a blow for a country that was taking steps to restore its credibility after years as a financial pariah.

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