Buenos Aires Times

economy IN TIME OF NEED

Macri puts in call to Trump to shore up international support for IMF deal

President Mauricio Macri is seeking international support for his government’s decision to turn to the International Monetary Fund for a line of financing aimed at supporting the country’s plummeting currency.

Monday 14 May, 2018
President Mauricio Macri and US President Donald Trump.
President Mauricio Macri and US President Donald Trump. Foto:Cedoc

More Argentina News

President Mauricio Macri put in a 10-minute telephone call to US President Donald Trump Monday morning, a conversation the Pink House described as “positive”.

Macri is keen to shore up international support for his government’s decision to turn to the International Monetary Fund (IMF) for a line of financing aimed at supporting the country’s plummeting currency.

The call comes after Treasury Minister Nicolás Dujovne last week travelled to Washington to meet with IMF officials.

He also met Thursday with US Treasury Under Secretary for International Affairs David Malpass, who “reiterated strong support for the Macri administration’s market-oriented reform programme”.

Treasury said in a statement that he welcomed the talks with the IMF. US support is key since it holds veto power in the IMF.

Argentine government officials have not said how much they are requesting, and a final deal could take at least a month, some suggest.

-TIMES/AGENCIES

Poll

Op-Ed

Top Stories

  1. 1Norwegian Air Argentina workers granted permission to form unionNorwegian Air Argentina workers granted permission to form union
  2. 2Economy set for slow recovery in 2019, experts say
  3. 3Emiliano Sala: human tragedy sparks unsavoury legal wrangle
  4. 4Heat warning issued, with temperatures set to hit 37 degrees
  5. 5Supreme Court orders government to pay 15 billion pesos to San Luis province
  6. 6Prosecutors request arrest of Techint CEO Paolo Rocca
  7. 7Cannabis flowers into a regional economic model
  8. 8Theresa May appoints MP Mark Menzies as Trade Envoy to Argentina
  9. 9Police suspect 12-year-old girl's suicide linked to WhatsApp terror game Momo
  10. 10The fight against corruption in Argentina