IMF's Rato to visit Argentina

Rodrigo Rato, the managing director of the International Monetary Fund, was due in Buenos Aires on Tuesday for talks on Argentina's financial situation.

Mr Rato was expected to discuss Argentina's stop-start progress towards paying off its hefty debts.

He is scheduled to meet Argentine president Nestor Kirchner, as well as finance minister Roberto Lavagna.

It is the first time that Mr Rato, a former Spanish finance minister, has visited Argentina since being appointed IMF chief in May this year.