Argentina May Combine Final Two IMF Reviews Before New Talks
- Caputo said govt could combine ninth, tenth IMF reviews
- Caputo sees IMF talks on new program taking about 3-6 months
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Argentina’s government may condense negotiations with International Monetary Fund staff on its $44 billion program before opening talks on a new agreement that could include new money, Economy Minister Luis Caputo told investors Tuesday in New York, according to people with direct knowledge.
The South American country could combine the final two staff-level reviews of the current program into one, then proceed with negotiations for a new program that would take about three to six months, Caputo said, according to people with knowledge of his closed-door presentation at JPMorgan Chase & Co.’s offices. The minister didn’t specify how much additional money he would seek from the IMF.