Argentina receives IMF support

&NewLine;<p>There seems to be light at the end of the tunnel for&NewLine;Argentina as the International Monetary Fund has promised to support the Latin&NewLine;American countries whose economic outlook has not been looking good&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>This promise came from &nbsp&semi;IMF Managing Director&comma; Ms Christine Lagarde on&NewLine;meeting with Argentina’s Economy Minister Nicolas Dujovne and Central Bank&NewLine;Governor Guido Sandleris on June 8 in&NewLine;Fukuoka&comma; Japan on the sidelines of the G20 Finance Ministers and Central Bank&NewLine;Governors&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>In a release made available to OpenLife by IMF media&NewLine;office&comma; Madame Lagarde issued the following&NewLine;statement at the conclusion of the meeting&comma; <br>&NewLine;<br>&NewLine;&OpenCurlyDoubleQuote;It was a pleasure to meet Minister Nicolas&NewLine;Dujovne and Central Bank Governor Guido Sandleris in Fukuoka today&period; We&NewLine;exchanged views on recent developments in the world economy and Argentina’s&NewLine;outlook&period;<br>&NewLine;<br>&NewLine;&OpenCurlyDoubleQuote;The authorities’ continued policy efforts have&NewLine;led to important progress&comma; including on the fiscal and current accounts The&NewLine;Argentine authorities and the staff team continue working on the fourth review&NewLine;of the Stand-By Arrangement&period;<br>&NewLine;<br>&NewLine;&OpenCurlyDoubleQuote;I would like to reiterate the Fund’s commitment&NewLine;to support Argentina’s policy efforts to address its economic challenges&period;&NewLine;Steadfast implementation of Argentina’s economic program will help further&NewLine;stabilize the economy and lay the ground for sustainable and inclusive growth&period;”<&sol;p>&NewLine;