Home NewsEconomy News IMF board to meet March 25 over Argentina debt deal: statement By Reuters

IMF board to meet March 25 over Argentina debt deal: statement By Reuters

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© Reuters. FILE PHOTO: A participant stands near the IMF logo at the IMF-World Bank 2018 Annual Meeting in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo

WASHINGTON (Reuters) – The International Monetary Fund’s executive committee will meet on March 25 to discuss Argentina’s request for a debt deal, an IMF spokesman said on Saturday.

Argentina’s Senate voted Thursday to approve a $45 billion debt deal with the International Monetary Fund, translating it into law and ensuring the economically battered country can avoid another messy default.

The deal still needs to be signed off by the IMF board. “The approval of the legislation is an important signal that Argentina is committed to policies that encourage more sustainable and inclusive growth,” IMF spokesman Gerry Rice said in a statement.

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