without self-criticism and with the IMF economic plan under way

Apart from these issues, Guzmán he is leaving because his economic plan agreed with the IMF was beginning to show difficulties in being fulfilled without using, paradox, accounting heterodox tools. And because the impact that the application of the central axes of that roadmap had begun to have to deepen the problem of inflation, that is, from the erosion of wages. There is a strong brake on economic activity underway, due to the lack of foreign exchange and an inefficient administration of reserves. There is also a unviable exchange rate gap for anyone who intends to give signals from the Palacio de Hacienda.

Both the fiscal front as well as that of inflation and the accumulation of reserves are experiencing critical times. The last week was generous in evidence. For this reason, it could also be said that perhaps, from now on, a historical time was coming that was probably going to force Guzmán himself to renegotiate, or erase, everything that made up his agenda in these 30 months. A balance, a balance, I could present it to Guzmán leaving an inflation that is projected at around 70% per year, an exchange rate gap of 100%, unusual reserves for the record liquidation that is registered and a big problem with the public debt in local currency from the mistrust of institutional investors.

Guzmán also leaves, somehow, turning his back on the IMF. Kristalina Georgieva had supported Guzmán despite criticism in the ruling coalition. But the interesting thing is that Guzmán you get out of that pact with the task done. Until the second quarter of 2022, Guzmán will be able to say that he complied with the program with the IMF. What happens in the third quarter will no longer be his problem, although he will have left the next minister with the commitment to comply, or not, with the international organization.