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Kicillof: 'We have no agreements with the IMF'

Briefing the press on the results from his trip to the US, Economy Minister Axel Kicillof today tried to play down his recent attendance to G20/ IMF annual meetings held in Washington, saying the country is a regular attendant, and added: “We have no agreements with the IMF because it’s not and Argentine creditor.”

"I had an active agenda in four simultaneous events, they are the ordinary meetings held every year. Every year Argentina and the Economy Minister participate in these meetings,” Kicillof said, rejecting some media outlets which “gave importance to my presence in those meetings.”

“If I hadn’t gone, it would have been a scandal too,” he complaint. "Today, we have a different relation with the IMF as it is no longer an Argentine creditor. We have attended because we are members and we did it to give our critical point of view amid the discussions over the world economy,” the minister said.

Speaking to reporters at the Government House, the government official went on to say he has been critical regarding the recommendations made by the IMF amid the international economic crisis.

During the recently held World Bankd and IMF annual meetings, Kicillof warned about the “pressure” the stimulus withdrawal from developed nations might cause, which would force emerging economies to raise their interest rates, and implement monetary restrictions to “compete with international financial flows.”



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Tags:  Kicillof  IMF  US  meeting  press  conference  Argentina  





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