Guzmán discusses IMF debt With US Treasury Secretary Yellen during G20 meeting

Economy Minister Martín Guzmán said he had a “valuable” discussion about Argentina's US$45 billion debt to the International Monetary Fund with US Treasury Secretary Janet Yellen.

The officials held talks during a meeting of Group of 20 finance chiefs in Venice.

“We had a very valuable and detailed chat with US Treasury Secretary Janet Yellen on the importance of multilaterally resolving the problem of tax avoidance and the negotiations to solve the problem of the unsustainable debt with the IMF,” Guzmán wrote Saturday on Twitter.

"Thanks @SecYellen for your very positive contribution to a renewed multilateralism. Let's continue working together to build more capacity to implement public policies that create jobs and opportunities for our peoples."

Separately, IMF Managing Director Kristalina Georgieva said she discussed Argentina’s economic challenges with Guzmán during the Venice meeting and pledged the fund’s continued cooperation.

"Great meeting with @Martin_M_Guzman in Venice," she wrote. "We discussed the outlook for emerging economies, global cooperation for a stronger, more inclusive recovery and Argentina’s economic and social challenges. Our teams continue to work closely together."

– TIMES/BLOOMBERG