(Bloomberg) — 

• Argentina’s new austerity measures are key determinant of the fiscal policy, Lagarde said
• IMF still considering Argentina’s request for a rephasing of payments from $50 billion credit line
• Improved monetary policy communication would have a significant impact on Argentines’ confidence, Lagarde said
• Lagarde is focused on protecting Argentina’s most vulnerable citizens from austerity measures
• Argentina has about 0.2% of GDP available, if needed, to protect vulnerable citizens
  • “If President Macri includes serious reforms in his plan then we will look at it, we will assess the impact on the macroeconomic situation in Argentina, determine the debt sustainability and work with them”