The head of the International Monetary Fund (IMF), Kristalina Georgieva, He referred to the open negotiations between the government of Javier Milei and the United States Treasury for a US $ 20,000 million coins. “We welcome the US helping Argentina, To the World Bank, Al Bid coming with support. “
In that sense, the IMF representative said that from the agency they were “In close contact” With the US authorities while preparing the program. “His interest and ours are aligned,” he explained.
Georgieva Kristalina’s analysis about negotiations between Argentina and the US Treasury
Georgieva recalled that currently the IMF maintains Un “Program of US $20,000 million with Argentina” which was announced in April of this year. “Argentina is a country with a fabulous potential, if it only manages to put its macroeconomy,” he said.
The head of the IMF held the agreements signed by the country with different financing agencies and explained that they are necessary “because the magnitude of the adjustment that must be made in Argentina is very significant.” In that sense, he stressed that the main objectives must be “Lower inflation and keep it there, lift economic activity and lower poverty.”
On the confirmation of the negotiations between the US Treasury and Casa Rosada, Georgieva explained: “We have been in close contact with them while preparing their program their interest and ours are aligned. The United States is the greatest shareholder of the IMF. ”
“What we want is to see Argentina maintaining the course towards the stabilization of the macro and holding good policies during enough time to later be irreversible “, sentenced.
The former IMF two warned that Argentina needs to make the exchange scheme more flexible
The former number two of the International Monetary Fund (IMF), GOPINATH GITA, He supported the United States assistance to Argentina, although he warned that the country needs to advance in a More flexible exchange schemestrengthen their reservations and consolidate political support to implement structural reforms.
“American support undoubtedly helps prevent speculative exchange fluctuations. However, lasting progress will require Argentina to adopt a more flexible exchange regime, Accumulate reservations and generate support for their reforms internally, “the economist, who served as Deputy Director Manager and Economist Chief of the Agency until August of this year, said in his X account.
Gopinath’s statements are aligned with the vision of several local economists, who for months recommend the economic team to adjust the band regime and avoid repeating errors from the past, such as the lack of intervention in the market when the exchange rate was approaching the band’s floor.
Source: Ambito
