The Brazilian-Israeli asked his two people in charge of auditing the Argentine accounts, the North American Julie Kozac and the Venezuelan Luis Cubeddu, to immerse themselves in the projections of the most important variables of the Argentine economy, to verify if the committed goals are still “on-track”. He does not mean that the mission will not be approved, but rather that the IMF wants to make it clear to those responsible for the Economy the future doubts of the organization.
Golfjan also wants to make it clear to the men and women of Buenos Aires that he is ultimately responsible before the board of the body for the success or failure of the Extended Facilities approved (with many doubts) on March 25, 2022. The director had stated in the Spring meeting of the IMF and the World Bank in Washington, that this commitment would be fulfilled to the letter, and that it would be tough on auditing. And that this task would include the recalibration of numbers and percentages to evaluate and rule out potential waivers.
In that meeting at the organization’s headquarters, Guzmán and Goldfjan shook hands and promised to collaborate mutually so that both succeed. The man from Washington also believes that he complied with various nods to Buenos Aires. For example, he was in charge of accepting that the mission be carried out without Kozac and Cubeddu traveling to the country and carrying out all their activity through virtual communications. He also accepted that politically complex organisms to control such as PAMI and ANSES go through the controls of Kozac and Cubeddu, and that the numbers of both organisms be shown by the officials of the Ministry of Economy.
In short, he is a man who does not want to fail with the country. He was chosen by Georgieva herself in September 2021 from a long list of contestants in one of the most important positions in the IMF. It was never made public, but in Buenos Aires it is known that the agency’s managing director opted for the Brazilian, given that he knows the Argentine vicissitudes.
Goldfajn is a defender of the use of instruments such as interest rates or monetary restrictions to meet goals, together with total transparency to the public and markets in the communication of the plans, objectives and resolutions of the monetary authorities. He also considers the central banks as the ones who are ultimately responsible for meeting the monetary goals; with which he would grant the entity managed by Miguel Pesce an important power within economic policy. He is also a proponent of the floating exchange rate policy.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
