Koehler: Negotiate Argentine letter of intent

IMF managing director Horst Koehler said a team will be sent to Argentina in May to negotiate the letter of intent.

International Monetary Fund managing director Horst Koehler said a team will be sent to Argentina in May to negotiate the letter of intent, which outlines the terms of any new aid program.

"There has to be some technical work to be done but I expect our people to be back in Buenos Aires in May to negotiate the letter of intent," said Koehler.