The International Monetary Fund has expressed hopes that Argentina will begin normalizing its relations and resuming its regular consultation engagement with the U.S.-based lending institution, Reuters says. IMF First Deputy Managing Director John Lipsky said the institution is hoping “Argentina will once again take its place among the countries” that have normal relations with IMF. However, he noted that the decision lies with IMF member states and not the executive board.

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    • Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.