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Transcript of a Press Conference by International Monetary Fund Managing Director Dominique Strauss-Kahn
With First Deputy Managing Director John Lipsky and External Relations Department Director Caroline Atkinson
Washington, DC
April 22, 2010

QUESTION: I have two questions. One is, as you know, Argentina is the only country that does not have an Article IV revision of the G-20. I was wondering if that is a problem for the IMF monitoring of the economies of the G-20.

Second, the Argentine government just announced a swap and I was wondering if you think that this is enough to normalize the relationship between Argentina and the markets, so if more is needed like to arrange with the Paris Club and other things.

MR. STRAUSS-KAHN: Well, we are very lucky because in this room you have an expert about the relationship between the IMF and Argentina. Maybe I should ask him to answer the question.

MR. LIPSKY: Thank you.

Of course, Article IV consultations are a regular part, a basic part of our relations with all our 186 member countries and is part of the obligations of our members. It is part of our obligation to our members. So, we are very hopeful that we will continue to make progress. We have had contacts with the Argentine authorities and we hope that in a reasonable timeframe we can agree on a scheduling of a new Article IV.

There are some technical issues to be solved before that can take place. We hope that step by step, as the Argentine government has made clear, they are in a process of moving toward a complete renormalization of their relationships with international capital markets and, of course, to take their place as a G-20 member and fulfilling all their international obligations.

Thank you.