Argentina’s Economy Minister Goes to US to Meet Financial Leaders

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Argentina’s new Economy Minister Sergio Massa will travel to the United States next month to meet with top financial leaders at the International Monetary Fund (IMF), among others, amid a severe economic crisis driven by rampant inflation.

Jorge Argüello, Argentina’s ambassador to Washington, confirmed Massa’s first trip abroad as the country’s powerful economic chief in a speech on Thursday (18) at a think tank event in Buenos Aires.

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Arguello said Massa, who took charge of the Economy Ministry two weeks ago, would also meet in early September with representatives from the US Treasury Department, the White House and private banks.

A seasoned politician in President Alberto Fernández’s center-left Peronist coalition, Massa will meet with the IMF as the organization conducts its regular review of Argentina’s $44 billion debt deal signed in March.

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The quarterly review ends in September and serves as the basis for finalizing further disbursements from the international creditor.

The Argentine government is making efforts to meet the international reserve targets established by the agreement with the IMF, in order to enable some debt forgiveness.

Massa held high-profile talks last week with powerful agricultural industry leaders in a short-term effort to boost US dollar reserves through agricultural exports.

Fernández is also due to travel to the United States to attend the United Nations General Assembly in September, Argüello added.

Source: CNN Brasil

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