(Reuters) – The head of the International Monetary Fund gave her support to a regional director on Friday, a day after the director, Rodrigo Valdes, announced he would step aside from negotiations with Argentina.
“I have complete confidence in Rodrigo Valdes to lead the work of IMF’s Western Hemisphere Department,” said IMF Managing Director Kristalina Georgieva in a statement.
“He is an outstanding economist, a dedicated international civil servant, and a wonderful colleague. I trust Rodrigo’s judgment on all matters, including on deciding to delegate the Fund’s program negotiations with Argentina to his deputy, Luis Cubeddu.”
(Reporting by Rodrigo Campos; Editing by Leslie Adler)
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