Iceland, the IMF agreement used as an example for Argentina

Argentina and the International Monetary Fund (IMF) found a successful example to follow in order to shape the Extended Facilities the parties are now rapidly negotiating.

RIO DE JANEIRO, BRAZIL - Within the framework of the International Monetary Fund (IMF) and World Bank Joint Annual Meeting, the two negotiating groups found in the agreement signed by Iceland with the international financial organization in 2008 an example to follow.

Particular interest focuses on a special chapter in which Argentina is interested: the maintenance of foreign exchange restrictions on access to foreign currency, under certain strict conditions.

The issue is particularly sensitive for Argentina, and the first joint efforts to reach an agreement on this chapter point to the authorization to maintain a certain level of "tightening" over the . . .

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