Batakis has already spoken with the head of the IMF’s Western Hemisphere department and has pledged to support the goals of the IMF programwhich Guzmán negotiated to replace a failed loan from 2018.
Guzmáz’s departure sparked fears of a shift to higher-spending policies amid high inflation, as well as concerns that he might try to change the terms of the IMF deal.
“The world is changing very quickly, but she was committed to the goals of the program and committed to working with the Fund constructively to achieve these goals”Georgieva said.
Argentina faces a “very complex moment, very difficult”, said, and the IMF would do what it could to help the Argentine authorities deal with inflation.
“The minister (…) understands the purpose of fiscal discipline and also understands that if you want to help the poor it cannot be in conditions of runaway inflation,” Georgieva pointed out.
Asked if Batakis would push for changes in the IMF program, Georgieva said that Guzmán also had different points of view from the fund at times and that it was important to reach a consensus by exploring different options.
“We have to be clear that sometimes painful actions are necessary to reap the benefits of these actions,” said.
Source: Ambito
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