To that end, the Argentine delegation plans a working meeting with representatives of the United States government and with executives of companies in that country who have productive businesses and investments in Argentina. The panel is organized by the Atlantic Council, one of the most influential local think tanks on a global level, which has a specific program on Global Economy and Business. The Foreign Ministry has been seeking in different international forums to position itself as a “stable supplier” of energy and food.
Bookings
On his last trip to the United States, Massa managed to reopen the relationship with the Inter-American Development Bank (IDB) and disbursements of more than US$3,000 million were guaranteed before the end of the year, of which US$1,200 million will go directly to strengthening reserves. So that link, after the departure of Mauricio Claver Carone, will also be one of the axes of the tour.
The shortage of dollars continues to be one of the biggest concerns of the economic team at this time. After having added liquidations for more than US$8,000 million during September via the soybean dollar, it is expected that this month the trade balance will show a slight deficit. In the Palacio de Hacienda, they trust that the contribution of multilateral organizations will arrive this month to continue reinforcing reserves.
The economy minister will be in Washington from October 12 to 14. There he will participate in the Annual Assemblies of the IMF and the World Bank, other organizations that have disbursements committed to the country. The world’s economic, monetary and financial authorities will take part in both summits to discuss the main guidelines for global development policies.
IMF
The Vice Minister, Gabriel Rubinstein; the head of advisers, Leonardo Madcur; and the head of INDEC, Marco Lavagna, have already arrived in the United States. The three technical officials will accompany Massa in the meetings with IMF authorities. First, with Ilan Goldfajn, Director of the IMF’s Western Hemisphere Department, and then with Gita Gopinath, Deputy Managing Director of the Fund.
The agency approved the second review of the Extended Facilities Agreement last week, so In the next few days, the equivalent of some US$3.8 billion will arrive in the country in Special Drawing Rights (SDR) . In addition, in the official statement, the agency gave positive signals regarding the goals for the third quarter that, if exceeded, will imply a disbursement of US$5.8 billion (4.5 billion in SDRs).
Finally, they do not rule out holding bilateral meetings with representatives of the Paris Club during the tour. The Government seeks to restructure a debt of US$2,000 million that currently has a high interest rate (9% per year). Payments to creditor countries were suspended pending an agreement.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
