Via IMF (Den Internationale Valutafond)

Statement by the IMF Managing Director on Argentina

February 22, 2020

Ms. Kristalina Georgieva, Managing Director of the International Monetary
Fund, met with Mr. Martín Guzmán, Economy Minister of Argentina on the
sidelines of the G-20 Finance Ministers and Central Bank Governors Meeting
in Riyadh, Saudi Arabia. Ms. Georgieva issued the following statement at
the conclusion of the meeting:

“Minister Guzmán and I had a very fruitful exchange of views on the
country’s challenges, and the path forward to ensure a more sustainable and
inclusive growth for Argentina.

I commended the efforts thus far, under the leadership of President Alberto
Fernández, to put in place a set of policies to stabilize the economy and
to reduce poverty.

“Building on the findings of the recent IMF staff mission to Buenos Aires,
we also discussed the authorities’ plans to secure a sustainable and
orderly resolution of Argentina’s debt situation. In this context, I
welcomed the Argentine authorities’ commitment to continue to deepen our
engagement including through an Article IV Consultation and steps toward a
Fund-supported program in the future. The modalities of these next steps
will continue to be discussed.

“As I have said from the start, our commitment and focus are with Argentina
and its people. We want to see the Argentine economy recover in a durable
manner, poverty to be reduced and Argentineans prosper.”