September 17, 2018 / 1:07 PM / in 3 months

IMF says "important progress" made toward new deal with Argentina

BUENOS AIRES, Sept 17 (Reuters) - The International Monetary Fund has held productive meetings with Argentine officials in Buenos Aires aimed at revamping the country’s standby loan agreement, the Fund said in a statement on Monday.

“Important progress is being made toward strengthening Argentina’s economic policy plan, supported by a stand-by arrangement with the IMF. We are working hard to conclude these staff-level talks in short order and present a proposal to the IMF executive board,” the statement said. (Reporting by Eliana Raszewski, writing by Hugh Bronstein Editing by Chizu Nomiyama)

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