Sergio Massa met with his economic team prior to his meeting with Kristalina Georgieva

Sergio Massa met with his economic team prior to his meeting with Kristalina Georgieva

In addition to Batakis, Massa was joined by his Deputy Minister of Economy, Gabriel Rubinstein; the head of the BCRA, Miguel Angel Pesce and the head of INDEC Marco Lavagna, among other officials.

https://twitter.com/SergioMassa/status/1569128373221474304

Diary

This Monday, the Tigrense will have a meeting with David Lipton, special advisor to the Treasury Department; Michael Kaplan, Assistant Secretary for Western Hemisphere Affairs; and Andy Baukol, Under Secretary for International Affairs.

Later, at 2:00 p.m., a key meeting for Argentina will take place. Massa and the head of the IMF, Kristalina Georgieva, will face each other at the headquarters of the International Monetary Fund, in Washington. This will be the first meeting between the two.

Lisandro Cleri, Leonardo Madcur, Jorge Carrera, Germán Feldman, Luis Alberto Trajtenberg and Gustavo Martínez Pandiani also participated in the meeting called by the minister.

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Summit

Confident but aware of the work that must be faced daily to achieve the goals set in the agreement, Massa will receive the approval of the second quarter review.

Once approved by the staff, It must go to the IMF board of directors, which will give the final confirmation and enable the disbursement of 3,000 million dollars, of which 1,600 will return to the entity for payments that Argentina has in a folder with that international organization in the remainder of the year, as explained ministry sources.

If this scenario occurs, Massa knows that the next step he must work on is the debt with the Paris Club.

The extension that Argentina obtained at the end of May establishes a period of time that expires on September 30 to reach a new agreement with said entity.

It must be the result of negotiation with Club authorities and its 16 member countries or, failing that, “until September 30, 2024”, the maximum date granted by the Extended Facilities agreement signed with the International Monetary Fund (IMF). ).

Source: Ambito

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