The 14-point economic plan drafted by the president and provincial governors of Argentina last week has been received well by the International Monetary Fund (IMF). The IMF said Tuesday, April 30, 2002 that it was encouraged by the broad political commitment shown by the plan and hoped that Argentina would act quickly to control the economic crisis in order to implement the proposed reforms. The country has been seeking billions of dollars in loans from the IMF, which cut off lending in December, in order to restart its economy. Argentina’s banks reopened Monday after a weeklong emergency shutdown.

News Stories:

"EEUU y el FMI reclaman que haya ‘rapidas medidas’,"
La Nacion (Buenos Aires), May 2, 2002

"Moyano afirmó que Duhalde ‘no tiene coraje para alejarse del FMI’,"
Clarín (Buenos Aires), May 2, 2002

"IMF hopes Argentina will move quickly to implement new economic plan,"
Associated Press, April 30, 2002

"Argentina Urged to Stay the Course as Peso Firms,"
Reuters, April 30, 2002

"Back in Business, Argentina Calms Down and the Peso Perks Up,"
The New York Times, April 30, 2002

"Chaos as Argentine banks re-open,"
BBC News, April 29, 2002