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Morgan Stanley Says Agreement With IMF Is Within Reach

ARGENTINA
  • ARGENTINA AGREEMENT WITH IMF IS WITHIN REACH, LIKELY BEFORE THE END OF THE MONTH - MORGAN STANLEY - Reuters News
  • This appears in line with overnight reports:
    • Argentine officials expect to close a staff-level agreement with the IMF by Friday after months of negotiations over the $44 billion program, according to two Economy Ministry officials who asked not to be named discussing ongoing talks.
    • Economy Minister Sergio Massa spoke to IMF Managing Director Kristalina Georgieva on Sunday, according to one of the officials. Argentina would send a delegation to Washington on Monday night to accelerate talks, the officials added, though a trip has been teased several times in recent weeks by ministry staff, only to be pushed back. (BBG)

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