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IMF, Argentina make 'good progress' on new program -Fund officials

NEW YORK, Nov 20 (Reuters) - “Good progress” has been made in parts of a new program between the International Monetary Fund and Argentina, IMF officials said in a statement on Friday.

An IMF team visited Argentina to begin discussions on repackaging some $45 billion the South American country owes the Fund.

“Good progress has been made in defining the initial elements of such a program, and further discussions are expected to continue virtually between the teams over the coming weeks,” Julie Kozack, deputy director of the IMF’s Western Hemisphere Department, and Luis Cubeddu, mission chief for Argentina, said in a statement. (Reporting by Rodrigo Campos; additional reporting by Aislinn Laing; editing by Diane Craft)

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