Since Thursday night, Sergio Massa contacted President Alberto Fernández and Cristina Kirchner several times. The three agreed to continue with the tour plans as planned, despite the social upheaval over the attempted assassination of the vice president. That not one iota of the agenda in the United States has been modified reflects the importance that this trip has for the Government.
The economy minister will arrive in Washington on Monday but will start the first work meetings on Tuesday. The main objective at this time is to consolidate the second revision of the agreement with the IMF. The technical team that left on Sunday, made up of Leonardo Madcur, Raúl Rigo and Gabriel Rubinstein, will work on that fine line that will enable a disbursement of more than US $ 3,600 million in the coming weeks, but that will go directly to pay maturities of the failed Stand By program of 2018.
At the meeting with the managing director of the International Monetary Fund, Kristalina Georgieva, Massa will arrive with the concrete measures he has taken in recent days to straighten out the fiscal order. Adjustment of spending for more than $150,000 million in different budget items, removal of subsidies in public services and freezing in the plant of employees of state companies.
With these signs and with the argument of a strong impact of the international situation due to the war between Russia and Ukraine, The Government will seek to reconfigure some of the seasonal goals of the plan so as not to have problems when it comes to analyzing the numbers for the third quarter. “We are going to work with the IMF to close some issues that were pending for Martín Guzmán,” official sources said.
Dollars
The search for dollars that can bring oxygen to the Central Bank’s committed reserves also appears as a priority objective. As confirmed by Ámbito from Casa Rosada sources, the idea is for the economic team to announce, together with foreign companies, a series of investments that will materialize in the automotive, hydrocarbon, lithium extraction and logistics development sectors.. “In Houston we are going to consolidate decree 277 to increase investments for next year in Vaca Muerta,” they detailed.
The meeting with the head of the Inter-American Development Bank, Mauricio Claver-Carone, also appears as an important event. The multilateral credit organization has been delaying disbursements for more than US$600 million in programs that have already been approved for Argentina. Sergio Massa sought in his first days as minister to loosen the bond to unlock the arrival of those funds. With the World Bank, there will also be negotiations to speed up programming.
Source: Ambito
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