Policy paper

G7 Finance Ministers Joint Statement on Argentina

A statement on the recent IMF staff-level agreement with Argentina.

• From: HM Treasury
• Published: 2 October 2018

This was published under the 2016 to 2019 May Conservative government

Documents

G7 Finance Ministers’ Statement on Argentina

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In April, Argentina’s financial markets came under sudden pressure. On 20 June 2018, the Executive Board of the International Monetary Fund (IMF) approved a three-year Stand-By Arrangement (SBA) for Argentina. On 26 September 2018, IMF staff and Argentine authorities reached an agreement on a set of strengthened economic policies that will underpin a revised SBA, which front loads IMF financing, and increases resources available under the three-year programme. This is subject to IMF Executive Board approval.

The G7 strongly supports the commitment of the Argentine authorities to implement reforms to stabilise its economy and promote growth.

Published 2 October 2018