U.S. Treasury Secretary Steven Mnuchin on Sunday welcomed Argentina's talks...
FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin testifies before the Senate Finance Committee during a hearing on the President's FY2021 Budget on Capitol Hill in Washington, U.S., February 12, 2020. REUTERS/Yuri Gripas
Mnuchin told Reuters that he had a productive meeting with Argentine Economy Minister Martin Guzman on the sidelines of a meeting of finance officials from the world’s 20 largest economies in Riyadh. “There are many issues that still need to be addressed,” Mnuchin said in an interview. “The conversations that they’re having with the IMF are preliminary but are moving in the right direction.”
The Argentine minister on Saturday said Argentina would initiate Article IV consultations with the IMF that could pave the way for an IMF program - a move experts say will reassure bondholders that Argentina remains under IMF supervision.
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