Washington, DC: Julie Kozack, Director of Communications at the International Monetary Fund (IMF), issued the following statement today:
"IMF staff welcome the measures announced earlier today by Argentina's new Economy Minister, Luis Caputo. These bold initial actions aim to significantly improve public finances in a manner that protects the most vulnerable in society and strengthen the foreign exchange regime. Their decisive implementation will help stabilize the economy and set the basis for more sustainable and private-sector led growth.
IMF staff and the new Argentine authorities will work expeditiously in the period ahead. Following serious policy setbacks over the past few months, this new package provides a good foundation for further discussions to bring the existing Fund-supported program back on track."
