Crisis-hit Argentina hopes for improved IMF deal this month

Daina Beth Solomon, Reuters

Posted at Sep 05 2018 08:08 AM

Argentine Treasury Minister Nicolas Dujovne walks as his press person gives a thumbs up after a meeting with International Monetary Fund (IMF) Managing Director Christine Lagarde at the IMF headquarters in Washington, US, September 4, 2018. Yuri Gripas, Reuters

WASHINGTON -- Argentina's government said on Tuesday it hoped the International Monetary Fund would agree in the second half of September to a deal giving the country more financial support as it sought to escape a deepening economic crisis.

Economy Minister Nicolas Dujovne met IMF chief Christine Lagarde in Washington and said they were working together to improve a standby finance deal agreed with the IMF's executive board in June.

"We are trying to get it voted on by the (IMF) board .... in the second half of September," Dujovne said after the meeting.

Lagarde said Argentina and the IMF shared a common objective "to reach a rapid conclusion" to technical discussions and present a proposal to the board.