The central fact – which could underpin a new decision by the Palacio de Hacienda in this regard – is the impact of the “soybean dollar”, a program to encourage liquidation in recent weeks. On the day, the BCRA ended with purchases for US$317 million.
Although the level of net reserves is below the US$6,425 million required by the agency, the BCRA will add to the accounts the disbursements that the IMF will make in the first days of October.
The IMF itself warned the governors of the north yesterday that there is no room to “modify” the current program and that Argentina must comply with the signed goals. The “recommendation” was made in Washington by the director of the Western Department of the agency Ilan Golfdjan, who received the delegation of provincial leaders who are visiting the United States in search of investment.
On October 7, the agency’s board of directors has confirmed its meeting to advance with the technical review corresponding to the second quarter and for which a disbursement of US $ 3,900 million will be launched.
According to a high-ranking official source, the country had met the monetary issue and fiscal deficit goals, but had not done so in terms of reserves, for a small difference of almost US$300 million.
However, as far as you know Ambit, The Government agreed with the IMF that a “waiver” would not be requested, since at the time of the meeting there would also be access to information related to the record of reserves for the third quarter, data that today confirms the fulfillment of the goal.
Although the Government has just canceled US$2.6 billion to the IMF in September, some 24 hours before the next meeting of the IMF board, it will cancel another US$1.2 billion and a week later another US$615 million.
Source: Ambito
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