The International Monetary Fund's (IMF) managing director Lagarde met with Duhobne, Finance Minister of Argentina, on Friday, issuing a statement saying "There was progress" over financial support measures to stop the country's currency crisis .
Mr. Lagarde talks with the Argentina side on expansion of the loan agreement which agreed on the condition of fiscal consolidation on the 4th. "We will cooperate to further promote reform based on the support of the IMF" in a statement. Mr. Dhobhone announced to the Reuters aim to vote on strengthening economic reform by the IMF Board of Directors later in September.
According to Reuters, President Makuri of Argentina announced in a television speech on Thursday that it will introduce taxation on exports and aim for fiscal equilibrium in 2019. He emphasized his willingness to understand the people as "an emergency" and trying to regain market confidence.
In the United States with the largest voting rights in the IMF, President Cardoff said on Friday that "Argentina strongly supports efforts with the IMF to strengthen financial and fiscal policies." However, even after that the peso price has fallen to around dollar = 39 pesos against the dollar, the market anxiety is not wiping out. (Washington = Naoto Aoyama)