[News Asia] WASHINGTON: Argentina Economy Minister Nicolas Dujovne is due to meet on Thursday with IMF chief Christine Lagarde to request a financing package to help shore up the struggling economy, officials said on Wednesday (May 9).Dujovne will also meet with a senior US Treasury official in a key step in the talks with the IMF, which are likely to last six weeks, his spokesman said in a statement.
The talks come 17 years after the country defaulted on its debt and 12 years after it cut ties with the IMF, amid a bout of market turbulence rocking Latin America's third-largest economy.
Argentine President Mauricio Macri announced on Tuesday that he was going to the IMF for help as a "preventative" measure after the nation's currency plummeted amid high inflation and rising US interest rates.
Officials have declined to say how big a line of credit Argentina is seeking.