Argentina’s central bank chief resigns amid IMF negotiations
BUENOS AIRES, Argentina — Argentina’s central bank chief resigned Tuesday amid negotiations with the International Monetary Fund.
The surprise resignation of Luis Caputo was announced in a bank statement that said he was leaving for personal reasons. But it came as the government was pushing for a new financing deal with the IMF aimed at helping Argentina’s struggling economy.
Later in the day, President Mauricio Macri said a new agreement with the IMF would be announced Wednesday providing advances of new funds that should ease worries about a possible government default.
“We hope that it will definitely clear up other doubts about our financing capacity and the stability of monetary policy,” Macri told reporters in New York, where he is attending the U.N. General Assembly session.