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Search resuls for: "Dario Epstein"


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"Who is appointed...as central bank president and economy minister, and the details of an urgent economic stabilization plan without a majority in Congress, will be the key for asset prices in the days ahead." The Economy Ministry is always a hot seat, with Argentina a nine-time debt defaulter caught in a decades-long boom-and-bust cycle. Milei will take office on Dec. 10 after beating ruling Peronist coalition Economy Minister Sergio Massa. "Milei said that he is going to reorganize the central bank instead of imploding it or shutting it down. The new economy minister will have to negotiate a new programme with the IMF "relatively quickly" to avoid entering arrears with the fund, Morgan Stanley said on Monday.
Persons: Milei, Macri, Javier Milei, Milei's, embolden Milei, Armando Armenta, defaulter, Sergio Massa, Hans Humes, Humes, Carlos Rodriguez, Roque Fernandez, Dario Epstein, Emilio Ocampo, Mauricio Macri, Juan Manuel Pazos, Pazos, Morgan Stanley, Morgan Stanley ´, Massa, Jorgelina, Adam Jourdan, Kirsten Donovan Organizations: Monetary, Ministry, Peronist, Economy, Greylock Capital Management, Reuters, Thomson Locations: BUENOS AIRES, South, AllianceBernstein, New York, Argentina, Argentine, Buenos Aires, Washington, refinance, Santiago del Estero, Formosa, Rosario
LONDON, Aug 18 (Reuters) - Argentina's surprise presidential front-runner, radical libertarian Javier Milei, pitched models of dollarizing the South American country's economy in a meeting with major lender the International Monetary Fund on Friday, two sources said. Milei, 52, outlined his economic proposals and told IMF representatives that his teams is working on "different models of dollarization," said two sources close to the candidate with direct knowledge of the meeting who asked not to be named. In the 80-minute meeting, he also told IMF officials that he does not intend to default to the fund or to bondholders, one of the sources added. The IMF was keen to learn further details on Milei's dollarization plans, one source said. IMF officials included the director of the Fund's Western Hemisphere Department Rodrigo Valdes and deputy director Luis Cubeddu.
Persons: Javier Milei, Milei, Carlos Rodriguez, Roque Fernandez, Dario Epstein, Western Hemisphere Department Rodrigo Valdes, Luis Cubeddu, Milei's, Jorgelina, Juan Bustamante, Hugh Lawson, Adam Jourdan, Alistair Bell Organizations: International Monetary Fund, Peronist, U.S ., IMF, Western Hemisphere Department, Thomson Locations: Argentina, Rosario
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