The IMF refrained from providing details on a new program for Argentina, stating discussions are ongoing. Spokesperson Julie Kozack highlighted that securing congressional approval is a decision for local authorities.
The International Monetary Fund (IMF) has not disclosed specifics regarding a new program for Argentina during a recent press briefing. There are ongoing discussions about the size and duration of this potential program, which were not elaborated on. Fund spokesperson Julie Kozack remarked, “I can say right now is this is still under discussion as part of the ongoing and constructive dialog that we’re having with the authorities.”
When questioned about the possible lack of congressional support for the new agreement, Kozack emphasized that securing approval rests with local authorities under Argentine law, stating, “securing congressional support is a decision of the (local) authorities as legislated in Argentine domestic law.”
In summary, the IMF is currently in discussions regarding a new program for Argentina, but has refrained from providing details on its scale or timeframe. The challenges surrounding congressional approval are acknowledged, but ultimately depend on the decisions made by local authorities in accordance with Argentine legislation.
Original Source: www.tradingview.com
