October 31, 2014
IMF 's Lagarde: 'Deal could help Argentina normalise its situation'
International Monetary Fund managing director Christine Lagarde today welcomed the debt deal Argentina has reached with the Paris Club.
During a visit to Mozambique, she stressed the deal could help Argentina "normalise its situation."
"I see this as part of a process through which Argentina is trying to regain position on the international scene," she said.
"It is part of an attempt by Argentina to normalise its situation. We hope that number one, it benefits them and number two, that they continue that process," she continued.
Lagarde said while the IMF was very closely working with the Paris Club on all issues, "on Argentina we could not possibly comment, issue a statement, assess a situation over which we had no information."
"The IMF certainly hopes that it will improve the situation of Argentina on the international scene," Lagarde added.