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Economic news

IMF chief backs regional director after Argentina tensions

09/13/2024

Less than a minute

2024.09.13 16:04

(Reuters) – The head of the International Monetary Fund gave her support to a regional director on Friday, a day after the director, Rodrigo Valdes, announced he would step aside from negotiations with Argentina.

© Reuters. FILE PHOTO: Director of the International Monetary Fund (IMF) Western Hemisphere Department Rodrigo Valdes speaks during an interview with Reuters in Marrakech, Morocco, October 12, 2023. REUTERS/Susana Vera/File Photo

“I have complete confidence in Rodrigo Valdes to lead the work of IMF’s Western Hemisphere Department,” said IMF Managing Director Kristalina Georgieva in a statement.

“He is an outstanding economist, a dedicated international civil servant, and a wonderful colleague. I trust Rodrigo’s judgment on all matters, including on deciding to delegate the Fund’s program negotiations with Argentina to his deputy, Luis Cubeddu.”

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09/13/2024

Less than a minute