The IMF meets with the President of Argentina and does not mention whether the next loan is available

[New York 24th Reuters] Argentine President Macri, who has a huge debt, and IMF's Executive Director Lipton, met in New York on the 24th. Lipton said it was a constructive consultation after the meeting, but did not mention whether he would make the next $ 5 billion loan to the country that he was expected to make later this month.

Lipton, in a statement after the meeting, stated that he would continue to assist in dealing with the difficult situation in Argentina and the difficult times ahead.

Argentina and the IMF agreed last year on a stand-by credit facility that would allow them to finance an emergency of $ 57 billion. The next loan was originally scheduled to be approved this month, but the view that the approval will be postponed due to the sharp fall in the currency peso market in August.

The meeting was also attended by Finance Minister Rakunsa and Governor Sandrelis. Mr. Lakunsa told reporters that the decision on the next loan was left to the IMF. However, he argued that it was clear that we were taking fiscal and financial efforts based on an agreement with the IMF.