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IMF predicts 11.8% GDP slump in Argentina

Christian Fernsby ▼ | October 19, 2020
The International Monetary Fund confirmed t will start talks with Argentina on a new rescue package in November, while predicting that Argentina’s economy will contract by a staggering 11.8 percent this year.
Argentina street
IMF   Argentina street
In a crucial week for the Alberto Fernández administration, a team from the Washington based crisis lender met with officials in Buenos Aires to discuss the country's challenges amid the coronavirus pandemic, including debt owed to the IMF, and to "exchange views on how best to address them," the Fund said in a statement.

Topics: Argentina

"IMF staff will continue to engage closely with the authorities. Staff plans to return to Buenos Aires in mid-November to initiate discussions on a new IMF-supported programme," the statement said.