Buenos Aires Times

argentina ECONOMIC TURBULENCE

IMF appoints official ahead of re-opening of office in Argentina

Jamaican economist Trevor Alleyne will be the IMF's representative in Buenos Aires, as organisation returns to Argentina, six years after leaving.

Tuesday 16 October, 2018
Jamaican economist Trevor Alleyne.
Jamaican economist Trevor Alleyne. Foto:TWITTER

The International Monetary Fund has announced that Jamaican economist Trevor Alleyne will be the institution's representative in Argentina, after confirming it had decided to reopen an office in Buenos Aires, six years after leaving.

The decision comes after Buenos Aires reached a deal with the IMF on the money supply, interest rates and an exchange rate framework. 

In exchange for these measures, the Fund agreed to speed up payment of a US$57.1-billion loan granted in June to Latin America's third-largest economy, now in another economic crisis.

Alleyne, an IMF staffer since 1992 with more than a quarter of a century's experience with the organisation, will be the Fund's representative in Buenos Aires. He has previously overseen IMF missions in countries such as Nigeria, Zambia, Jamaica, Peru, Venezuela and Ecuador. 

According to the Noticias Argentinas news agency, Alleyne will serve as the Fund's "resident representative" in Argentina, becoming the first point of contact between the IMF and the Argentine government's economic team. The IMF will, at least for now, be based inside an office at the Central Bank, the agency said.

The IMF has offices in around 70 countries.

- TIMES/AFP/NA

Poll

Op-Ed

Top Stories

  1. 1'Suspected anarchists' carry out two attacks in Buenos Aires; Police arrest 13'Suspected anarchists' carry out two attacks in Buenos Aires; Police arrest 13
  2. 2Senate approves Macri administration's budget for 2019
  3. 3BA 'subte' fare increase for second time in 2018
  4. 4Gene-edited food is coming, but will shoppers buy?
  5. 5Standard and Poor's cuts Argentina debt rating
  6. 6Argentina’s richest 10% control more wealth than 60% of the country
  7. 7Labour shortages force Japan to prise open door to migrant workers
  8. 8River fans snap up tickets for second leg of Libertadores Superclásico final
  9. 9Argentine lawyer who represented alleged Brazilian 'narcos' murdered in Paraguay
  10. 10Floods leave four people dead in Argentina