Argentina Plays Down Prospects of Early IMF Deal, FT Reports

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Argentina’s economy minister, Martin Guzman, has played down the chances of an early agreement with the IMF to repay a $44 billion loan, the Financial Times reported , citing an interview. Guzman said the government is in no hurry for a new program and can maintain a stable currency, according to the newspaper. He said there was no need for his country to look for more assistance from China, the FT reported. Argentina wants to move “at a solid pace but requires common understanding and legitimacy,” the FT cited Guzman as saying. […] The minister promised that a devaluation wasn’t on the cards, though he accepted that the difference between the official and parallel exchange rates was a problem, according to the FT.

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