IMF chief, Argentina flag path to new debt deal after G20 meet in Riyadh


  • World
  • Sunday, 23 Feb 2020

FILE PHOTO: Argentina's Economy Minister Martin Guzman gestures during a conference hosted by the Vatican on economic solidarity, at the Vatican, February 5, 2020. REUTERS/Remo Casilli/File Photo

RIYADH/BUENOS AIRES (Reuters) - Argentina on Saturday agreed to start consultations with the International Monetary Fund that could lead to a new financing programme, days after the global lender said the country's debt situation had become "unsustainable".

Argentine Economy Minister Martin Guzman told IMF Managing Director Kristalina Georgieva that the heavily indebted Latin American country would initiate formal consultations with the IMF that could lay the groundwork for a new programme, the Argentine government and the IMF said in separate statements.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

UK's Starmer discusses Ukraine peace efforts in call with Trump
2 killed in car-train collision in SW Poland
Serbia's students protest against university pressure after railway station tragedy
France to build new aircraft carrier, Macron tells troops based in Gulf
US pursuing third oil tanker near Venezuela, officials say
Australia falls silent, lights candles for Bondi Beach shooting victims
Trump set to expand immigration crackdown in 2026 despite brewing backlash
Long lines at the food pantry: Inflation tests Trump’s base in Michigan
Kremlin says peace prospects not improved by Europe, Ukraine changes to US proposals
Nine killed, 10 injured in South Africa shooting, police hunt for suspects

Others Also Read