According to Batakis, “the increase in world inflation and, in particular, of food and energy pricesis increasing not only food and energy insecurity, but also global inequality“. This “occurs in a context of already growing inequalities inherited from the COVID-19 crisis and the differences in the response capacity of the different economies.”
The Economy Minister stressed the need to work together to strengthen the economic recovery process, and encouraged her peers to make bold decisions to minimize the effects of the crisis, which will have a greater impact on the countries of the global south.
Before the representatives of the G20, he maintained that “we must be cautious when applying and communicating economic policies”, and reinforced Argentina’s commitment to multilateralismstating that “more than ever at this time, we want to promote economic cooperation and we believe that this forum is essential to emerge stronger from this crisis.”
Finally, Batakis stated that Argentina “is taking measures to reinforce the economic recovery as we move towards fiscal convergence. In parallel, we continue to protect the most vulnerable by applying specific economic and social policies”.
The meeting was also attended by the Secretary of International Economic and Financial Affairs of the Ministry of Economy, Ramiro Ordoqui.
The IMF approves Batakis
The IMF maintained that the goals of the economic program are maintained, as stated Gerry Ricespokesperson for the organization in its traditional press conference. “The objectives (from the agreement signed with the IMF) remain”, the official asserted and pointed out that the announcements made by the minister Silvina Batakis are “consistent” with the current program.
“We welcome the efforts to strengthen spending control, tax compliance and coordination of public debt management”, Rice highlighted the announcements made by the minister on Monday.
Rice noted “a very positive first communication” and wait “continue constructively to achieve the agreed goals”. He also asserted that at this point (the goals) he is “the focus of the discussions”.
Source: Ambito
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