'Argentina doesn't owe a dollar to the IMF'

Argentina's Ambassador in the United States, Jorge Argüello, stated that the International Monetary Fund (IMF) will have to redefine itself after "having abandoned its original role" for which it was created for. He also made the organization responsible of contributing to the global crisis, as "they could not either detect what was happening or help to solve it."

Moreover, the ambassador said during an interview to Chicago's newspaper in Spanish "La Raza" that Argentina "is a bad example shown by the IMF, because it's not linked to prescriptions or conditions of the Fund."

Argüello highlighted the historic growth of the last decade in Argentina, and mentioned that "the almost terminal crisis affected in economic and institutional ways."

The official affirmed that "Argentina doesn't owe a dollar to the IMF," and detailed that "the main objective after the traumatic experience of the 90's was to leave the IMF without interference at the definition of domestic economic policies."

"We are currently discussing with the Fund about the need of finding a better economic index," and added that "there will be a very important meeting with the IMF on December 17."