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Economy Minister Massa In China

ARGENTINA
  • Economy Minister Sergio Massa has arrived in China to negotiate new terms later this week to the countries’ currency swap line in a bid to boost the central bank’s reserves. Massa is expected to meet with Chinese companies this week to talk about their investments in Argentina and then speak with government officials Friday about expanding swap line access.
  • Last week, Vice President Cristina Fernandez de Kirchner slammed the IMF, saying that the program agreed to with the multinational lender is holding back the country's economy.
  • "If we are do not set aside this program ... to develop our own plan for growth and industrialization, it will be impossible to pay for,"
  • The government's ruling coalition is attempting to shore up support from the IMF and advance payments ahead of October elections.
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