IMF's Lagarde to Meet With Argentina's Treaury Minister Tuesday

(Bloomberg) -- International Monetary Fund Director Christine Lagarde plans to meet Tuesday with Argentina’s Treasury Minister to review details of a loan agreement to the country, according to a statement from IMF spokesperson Gerry Rice.

Argentina is seeking to expedite payments from the IMF as part of a record $50 billion credit line agreed upon in June. The peso has plunged this week due to a crisis of confidence and lack of detail about the government’s plans to tackle the fiscal deficit, analysts say.

Rice said in his statement that Argentina has the IMF’s full support.

To contact the reporter on this story: Patrick Gillespie in Buenos Aires at pgillespie29@bloomberg.net

To contact the editor responsible for this story: Vivianne Rodrigues at vrodrigues3@bloomberg.net

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