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Former Imf Number Two Warned that Argentina Needs to Relax the Exchange Rate Scheme
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Former IMF managing deputy director Gita Gopinath said today that U.S. support for Argentina allows for “preventing fluctuations” but considered that for “durable progress” the country needs a “more flexible” exchange rate regime. “U.S. support certainly helps prevent speculative exchange fluctuations,” Gopinath said. Indian-American economist and academic said, “However, lasting progress will require Argentina to adopt a more flexible exchange …
Gita Gopinath welcomed US monetary aid, but emphasized the tasks that Argentina must fulfil in the meantime, in order for the program to be a lasting success.
·Argentina
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