IMF’s Lipton Says Relationship With Argentina ‘May Have to Wait’

Argentina’s financial program with the International Monetary Fund will be on hold for some time as the nation grapples with severe political and economic uncertainty, the Fund’s Acting Managing Director David Lipton said an interview, Bloomberg News reported. “Our job in this setting is to help them get through this period, give them advice, work toward an eventual resumption of a relationship -- some kind of financial relationship with them -- which may have to wait awhile,” Lipton told Bloomberg Radio on Wednesday. He added that “Argentina’s situation right now is extremely complex” but that recent government measures “have calmed markets down.” His remarks are the clearest indication yet that the IMF’s record $56 billion agreement with Argentina is on ice for now, including a $5.4 billion loan disbursement that’s been up for approval since Sept. 15. Read more