Hernán Lacunza, on the agreement with the IMF: It’s really bad

Hernán Lacunza, on the agreement with the IMF: It’s really bad

“The decision of Together for Change is the best for Argentina at this time: to give consent to renew and expand the credit we have with the IMF to avoid a default”highlighted the economist.

But he clarified that the program associated with the agreement “is really bad and is not going to solve the problems of lack of growth and excessive inflation,” while saying: “In any case, it is going to maintain or aggravate them.”

In his opinion: “The program does not remove any of the causes of the ten-year stagnation. Added to this is a fairly demanding maturity profile as of 2024.”

“Consequently, a blind program cannot be approved,” Lacunza said, speaking to the “Esta Mañana” program, which is broadcast on Rivadavia radio.

The former official also pointed out: “If the endorsement of the opposition (to the agreement) was so important, they should have held a prior consultation table. If not, it is an adhesion contract. That is not a parliamentary debate.”

In that sense, he explained: “One thing is to debate in Congress to find the best solutions for the country, and another is that after 26 months of secret negotiation, they tell you that you have 48 hours to read the agreement and sign below. That is to seek an endorsement for a program that, in reality, cannot be delegated”.

Finally, he said that although the agreement “is going to avoid falling into the abyss,” the country’s situation “is very delicate.”

Source: Ambito

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