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InterviewsDecember 3 2018

Argentina foreign affairs minister bullish on recovery

Jorge Faurie, Argentina's foreign affairs minister, tells Silvia Pavoni why he is confident the country will bounce back from economic crisis, despite facing fiscal tightening, with help from China.
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As many wonder about the economic future of Argentina, foreign affairs minister Jorge Faurie remains optimistic. 

Argentina’s currency crisis earlier in 2018 forced the government to request assistance from the International Monetary Fund (IMF) as a precautionary measure to ensure it would meet its foreign debt obligations. But as things deteriorated, the bailout programme ballooned to $57bn – the IMF’s largest ever. It stopped being precautionary and became discretional, meaning the funds can all be used to finance the budget as and when needed. 

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Silvia Pavoni is editor in chief of The Banker. Silvia also serves as an advisory board member for the Women of the Future Programme and for the European Risk Management Council, and is part of the London council of non-profit WILL, Women in Leadership in Latin America. In 2019, she was awarded an honorary fellowship by City University of London.
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