RIYADH: IMF Managing Director Kristina Georgieva on Saturday said she had a 鈥渧ery fruitful exchange of views鈥� with Argentine Economy Minister Martin Guzman about putting the country on a path to more sustainable and inclusive growth.

After meeting Guzman on the sidelines of a G20 gathering in 萝莉视频, Georgieva said the Argentine government had agreed to remain engaged with the International Monetary Fund through formal consultations as it worked to 鈥渟ecure a sustainable and orderly resolution of Argentina鈥檚 debt situation.鈥�

Argentina is facing tough negotiations with creditors and the IMF to restructure around $100 billion in debt that the country鈥檚 new Peronist government says that it cannot pay unless given time to revive stalled economic growth.

The IMF, which wrapped up a visit to Argentina earlier this week, has said the country鈥檚 debt situation had become 鈥渦nsustainable鈥� and that private creditors would need to make a 鈥渕eaningful contribution鈥� to resolve the crisis.

Georgieva said she had a good meeting with Guzman on Saturday as finance officials from the world鈥檚 20 largest economies gathered in Riyadh, where concerns about Argentina and other troubled economies were high on the agenda.

She commended the efforts of the Argentine government to put in place policies aimed at stabilizing the economy and reducing poverty, and said the officials also discussed the Argentine authorities鈥� plans to secure a sustainable and orderly resolution of Argentina鈥檚 debt situation.

鈥淚n this context, I welcomed the Argentine authorities鈥� commitment to continue to deepen our engagement including through an Article IV Consultation and steps toward a Fund-supported program in the future. The modalities of these next steps will continue to be discussed,鈥� she said.

An Article IV consultation is an IMF appraisal of a country鈥檚 economic and financial policies.

The Argentine government said Guzman鈥檚 meeting with the IMF chief 鈥渄eepened mutual understanding and set the stage for future talks.鈥�

鈥淭he minister informed the managing director of the government鈥檚 intention to initiate Article IV consultations, which the minister called a valuable step that will deepen mutual understanding between the Argentine government and the IMF on the way toward a new program with the agency,鈥� it said.