LatinNews Daily - 13 September 2024

*The International Monetary Fund (IMF) has announced that its Western Hemisphere director, Rodrigo Valdés, who has been leading talks for a new debt deal with the Argentine government, will delegate programme negotiations to his deputy, Luis Cubeddu, and the IMF’s Argentina mission chief, Ashvin Ahuja. The IMF described this decision as a move to support “constructive engagement” with the government led by President Javier Milei. The removal of Valdés from the negotiations marks a boost for Milei, as Valdés has previously called for Milei to make better targeted spending cuts. In a radio interview in July, Milei questioned the IMF official’s ideological leanings and claimed that Valdés was “indulgent” with Argentina’s previous Peronist government. Valdés had served as Chile’s finance minister (2015-2017) in the left-of-centre administration of former president Michelle Bachelet (2006-2010, 2014-2018).

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