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

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.