The International Monetary Fund (IMF), at the beginning of its supervisory movements corresponding to the first mission for the granting of Extended Facilities on March 25, endorsed one of the keys to the joint exchange strategy between the Ministry of Economy and the Bank Central. According to what the Argentine officials obtained in the April meetings in Washington during the Joint Spring Assembly of the agency and the World Bank, the exchange policy for the treatment of private debt and the consequent demand for foreign currency, even with the current restrictions, is in tune with what the country undertook to comply with during the agreement. Then, in the last hours and during the first virtual meetings via zoom between Argentine officials and the agency’s inspectors, there were no major qualms about continuing with the mechanism applied by the entity managed by Miguel Pesce; and the doubts derived in other much more distant horizons. They now assume in Buenos Aires that it is a green tick in the path of inspection of the demanding technicians who appear on the screens from Washington.
Source: Ambito
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