In the government, the considerations that International Monetary Fund made on the progress of the Economic Program are analyzed with satisfaction, After the dissemination of the staff report corresponding to the first review. They highlight how An important sample of support the reprogramming of the reviews that have gone from being quarterly to semiannual.
In this way it is understood that the organism, implicitly, recognizes that the plan is well aimed and therefore decreases the frequency of its interventions. The lengthening of the period of revisions also tends to reduce the expectations that the presence of the Fund generates in the markets when evaluating the progress of the program.
In this regard, it is very unusual for the body to take this type of measure. Among the few background is the case of Guatemala in 2009, a country for which the reviews became semiannual.
The next review by the Fund staff will take into account what happened in the second semester of 2025 and the Board of Directors would be pronounced, estimatedly, towards February or March 2026.
At that time, the electoral unknown will have been cleared and it can also begin to evaluate the progress of structural reforms (labor, pension and tax, etc.) that the Government plans to implement in the last two years of its management.
In the official halls they emphasize that the disbursement of 2,000 million dollars that will be incorporated into the BCRA reserves from Monday. Remember that The 12,000 billion dollars that were initially received after the signing of the April Agreement, have been preserved in their entirety as support of the reserves.
This new disbursement will also be used to capitalize to the BCRA through the purchase of non -transferable letters of the Treasury.
Although in the media of economic conduction the Fund concern for increasing the level of reservesanyway, it is pointed out that Since the flotation system began, gross reserves grew almost 19,000 million dollars.
Since the government rescues the “Praise” of the IMF to the march of the Argentine program. In particular, they emphasize that the Staff Report report shows the continuity of economic progress in terms of increased GDP, inflation drop and improvement in social indicators -poverty reduction. This Within the framework of the elimination of exchange restrictions and the new free fluctuation scheme of the exchange rate Between bands.
Also in the media of the Palace of Finance, they will be wearing that the fund recognizes that the Argentine government maintains a “Solid commitment” to fiscal and monetary anchors, that is, the maintenance of the fiscal surplus and the elimination of the issuance.
Source: Ambito
