The Association of Argentine Banks celebrated the technical understanding in the first review that enabled a new disbursement for US $ 2,000 million.
Adeba remarked “fiscal achievements” achieved by the Ministry of Economy and the Central Bank.
Depositphotos
The ASSOCIATION OF ARGENTINE BANKS (ADEBA) highlighted the new technical agreement with the International Monetary Fund (IMF) as a sample of “support” to the economic measures implemented by the government of Javier Milei.
This Friday, through a statement, Adeba stressed that the Argentine Government’s economic team and the IMF Staff They reached an understanding in the first review, within the framework of the Expanded Service of the Fund, as published by the agency itself.
In the text, they emphasize that this agreement is not only important for the disbursement of US $ 2,000 million that enables, but because “it shows that the policies implemented have allowed to achieve the objectives set”. In that sense, the “achievements achieved in terms of fiscal and monetary policies” carried out by the Ministry of Economy and the Central Bank (BCRA)in their respective areas.
“The agreement with the IMF gives a sign of confidence to the markets”
Javier BolzicoPresident of Adeba, said that the agreement also gives “A sign of trust towards markets”. The hierarch understands that “the sustained fiscal surplus” and the improvements in the financial market are important pillars to generate trust, stability and more credit for families and companies.
“From Adeba we support the policies that promote an orderly economy, with fiscal responsibility and space for the private sector to grow,”he pointed out about it.
Likewise, the Banking Union celebrated the commitment of the Milei Administration of Keep the financial surplus “as an anchor in the future” And he called to “continue efforts to bring public spending – in the three levels of government – to values that allow to progressively reduce distortive taxes until its elimination.”
Finally, Adeba points out that the Executive power You must consider constitutional instruments at your disposal, to “Avoid overflows in public spending that put the fiscal surplus at risk or imply tax increases by the Legislative Power”since “austerity in public spending is a necessary condition for stability and economic growth.”
Source: Ambito
