IMF Says Finding Quick Solution for Argentina Is Difficult

The country is going through a serious economic crisis that has led to a sharp devaluation of its currency, and presidential elections will be held in October.

RIO DE JANEIRO, BRAZIL - The International Monetary Fund (IMF) acknowledged today that it is difficult to solve the Argentinean issue quickly, due to the complexity of the situation.

"Given the complex situation and the political uncertainty, it is difficult to progress quickly," said Gerry Rice, IMF spokesman, at a press conference.

Rice said he was unable to provide dates, but he explained statements made on Wednesday by David Lipton, acting director-general, which were . . .

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