IMF's Koehler urges coherent plan from Argentina
"Clearly there is a need for a comprehensive and coherent plan to overcome the economic and social crisis, although we should also be aware that not everything can be remedied in a few weeks," IMF Managing Director Horst Koehler said in a speech here to a Catholic bishops conference.
"The Argentine authorities should work even more closely with the international community. For the IMF, it goes without saying that we want to help Argentina find its way out of this crisis," the IMF chief added. Within our mandate, we stand ready for dialogue, technical assistance, and also financial support."
Koehler praised the fledgling administration of President Eduardo Duhalde for its stated intention of moving to a unified, floating exchange rate, backed by sound monetary and fiscal policies. But, Koehler added that, "At the same time, there have been other signals that are confusing to investors and to the Argentine people."
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