Econ minister: Argentina not asking IMF for loans

Argentina's economy minister says the nation is not looking for loans from the International Monetary Fund.

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Amado Boudu, who met this week with the lender's Western Hemisphere director, says their discussions touched on Argentina's relationship to and role in the IMF.

Boudu says "Argentina is in a moment when it doesn't need financing," and the nation "is not asking for anything."

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The South American nation has been cut off from private capital markets after a 2001-02 economic meltdown triggered by a record-setting loan default and a steep currency devaluation.

Boudu said Thursday that Argentina intends to make a return to capital markets, but that it will not accept any conditions from the IMF.