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IMF technicians arrive in Argentina on Friday (Government assures that it will approve the review)

IMF technicians arrive in Argentina on Friday (Government assures that it will approve the review)

In any case, what will be discussed is the third revision of the agreement signed by former minister Martín Guzmán at the beginning of this year. On his visit to the United States last month, Massa got something unprecedented for the Fund’s bureaucracy: an advance endorsement for the goals of the third quarter when those of the second had not yet been approved.

In the Government they trust that the mission that is scheduled for the end of November in Washington will be approved without any problems. “Everything is on track”Sources aware of the dialogue with Kristalina Georgieva’s team told this medium. Along these lines, they recognize that both the reserve accumulation goal and the fiscal deficit reduction goal benefited from the incremental collection brought by the “soybean dollar”.

The expectation is that the review process can be completed at the beginning of December to then be raised to the board. made up of the directors of each party country. Once approved by that instance, a key disbursement of US $ 5,800 million will be unlocked, which will enter this year. The relief will be circumstantial: the bulk of that amount will go out again to pay maturities with the IMF itself in the first quarter of 2023.

Massa travels to the G20 summit

With the aim of boosting exports and the arrival of investments, the Minister of Economy will travel next week to Bali, Indonesia, to participate together with President Alberto Fernández in the G20 summit.In government They ruled out the possibility of “big announcements” being made on the tourbut they indicated that commercial ties will be strengthened while seeking to establish the country as a “stable” supplier of food, minerals and energy.

Official sources anticipated to Ámbito that President Alberto Fernández will once again put the problem of overcharges charged by the IMF to indebted countries above their quotas at the center of the debate. He will also ask for “a fairer distribution of the Special Drawing Rights” and the implementation of the Resilience and Sustainability Fund.

As head and representative of the Community of Latin American and Caribbean States, he will present the bloc as a “zone of peace”, which represents an opportunity to generate a “stable” supply chain, for what they consider to be an economic asset.

The Government has also been facing a new discussion on the international scene related to how multilateral credit organizations calculate investments for development. Every time a disbursement arrives for a specific program, it can be for infrastructure or of a social nature, it is accompanied by an investment from the State that is computed in the deficit account. One of Massa’s requests is to modify that condition.

Source: Ambito

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