IMF, Argentina Set to Begin Formal Negotiations For New Program Nov. 10

A mission from the International Monetary Fund will visit Argentina from Nov. 10 to begin formal negotiations for a new financing program, an IMF spokesman said on Friday, Reuters reported. Dialogue between the mission and Argentina will focus on the government’s fiscal agenda in the medium term “with the aim of anchoring macroeconomic stability and laying the foundations for inclusive and sustainable growth,” the spokesman said in a statement, adding that there is no set date for negotiations to conclude. Argentina is looking to update its $57 billion IMF agreement struck two years ago that failed to prevent a slide into recession and the country’s ninth sovereign default. Read more