Cavallo aide pleads for patience on IMF

ARGENTINA - Market expectations on the speed of talks between Argentina and the International Monetary Fund on an expected multibillion-dollar aid package are "a bit exaggerated," an aide to Economy Minister Domingo Cavallo told local radio on 16 August.

Argentine Finance Secretary Daniel Marx is in the seventh day of talks with the Washington-based lender in what analysts expect could unlock $6 billion to $9 billion in aid aimed at easing fears of a default on its $128 billion public debt.