Argentine presidential candidate Javier Milei addresses supporters as they react to the results of Argentina's runoff presidential election, in Buenos Aires, Argentina November 19, 2023.
REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsNov 24 (Reuters) - Argentina President-elect Javier Milei said on Friday he had spoken with the director of the International Monetary Fund (IMF), Kristalina Georgieva, regarding plans to adjust the country's fiscal policy and monetary program.
The country is currently facing inflation nearing 150%, a looming recession and net reserves seen at negative $10 billion.
Argentina is tied up by a $44 billion loan program from the IMF that has veered off track.
"The IMF is committed to support efforts to durably reduce inflation, improve public finances and raise private-sector-led growth," Georgieva said on X.
Persons:
Javier Milei, Agustin Marcarian, Kristalina, Milei, Georgieva, Kylie Madry, Isabel Woodford
Organizations:
Argentine, REUTERS, International Monetary Fund, IMF, Thomson
Locations:
Buenos Aires, Argentina