Economics
In Win for Argentina, G-20 Statement Mentions IMF Surcharges
- G-20 draft has sentence on a discussion on surcharges
- Argentine leaders pushed for months to have issue recognized
The financial district of Buenos Aires
Photographer: Eitan Abramovich/AFP/Getty Images
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In a diplomatic nod to Argentina, leaders at the G-20 Summit in Rome are planning to ask their finance chiefs to look at the surcharge policy at the International Monetary Fund.
A draft of the G-20 communique mentions that “our finance ministers look forward to further discussion of surcharge policy at the IMF Board in the context of the precautionary balances interim review.” Two Argentine officials confirmed the statement will likely be included in the final communique to be published Sunday.