March 23 (Reuters) - The International Monetary Fund is
assessing Argentina's debt swap announcement in accordance with
the objectives of their $44 billion program, a fund spokesperson
said on Thursday.
Argentina's dollar bond prices fell on Wednesday, a day
after the government announced measures to push state entities
to give up their local and foreign-law sovereign bonds in
dollars to tamp down on exchange rate volatility.
"Prudent debt management is necessary to improve the
functioning of the domestic bond market and the FX market," IMF
spokesperson Julie Kozack said in a press conference.
"But it must be conducted in a manner that does not add to
vulnerabilities down the road."
(Reporting by Rodrigo Campos, Andrea Shalal and David Lawder)
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