February 4, 2020 / 11:56 PM / 12 days ago

IMF chief says Argentina's economic measures point toward restoring stability

FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., as IMF Managing Director Christine Lagarde meets with Argentine Treasury Minister Nicolas Dujovne September 4, 2018. REUTERS/Yuri Gripas

(Reuters) - International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday that she had a “productive” meeting with Argentine Economy Minister Martin Guzman and that measures the country has adopted point toward restoring economic stability and protecting the poor.

Georgieva said in a statement issued after their meeting in Rome the IMF is aware of Argentina’s difficulties and a staff mission to Buenos Aires next week will be an opportunity to learn more about the country’s debt strategy.

“In this regard, the measures adopted thus far go in the direction of restoring macroeconomic stability and protecting the poor,” Georgieva said.

Reporting by David Lawder and Andrea Shalal; Editing by Chris Reese

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