In a statement, Georgieva welcomed Argentina’s commitment to achieve targets for its debt program and said it “will remain unchanged.”
Georgieva praised the “strong steps” taken by Argentine economy minister Sergio Massa to stabilize markets and “reverse a scenario of high volatility” in the South American country.
The statement follows a meeting between Georgieva and Massa on Monday in the context of a second review of the $44 billion arrangement signed in March this year.
The program seeks to boost national reserves and reduce Argentina’s primary fiscal deficit to 2.5% of GDP in 2022 and 1.9% in 2023.
Source: Economy - investing.com
