And, yes, I DO take it personally: Argentina & the IMF continue to make nice - maybe

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And, yes, I DO take it personally

Wednesday, June 29, 2005

Argentina & the IMF continue to make nice - maybe

rodrigo de rato, imf managing director, issued a statement this morning on argentina...

"The Argentine authorities have informed Fund management of their desire to start negotiations with the IMF on a new economic program.

"The program supported by the Fund arrangement approved in September 2003 was not fully implemented because of a decision by the Argentine authorities to delay key structural elements of the program until completion of their debt restructuring. The authorities now believe that it is time to work toward a new IMF-supported program."

this oughta be interesting, particularly after argentina president néstor kirchner took this memorable shot a week ago...

‘‘The IMF focuses its attacks on me because I strongly defend the fatherland’s interests and refuse to court those interests that have permanently sunk us."

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