The third revision corresponds to the IMF audit of the economic numbers of Argentina for the third quarter of the year, and is part of the program that the country signed with the IMF in March 2022 to refinance the US$45,000 million with the multilateral organization, inherited from the management of Mauricio Macri .
It is not ruled out that the Argentine delegation raises during its stay in Washington, which will last until Friday, the negative effects of the war in Ukraine for the reserves of the Central Bank, which, according to the Minister of Economy, Sergio Massa, admitted, were around US$5.200 million.
However, for the IMF authorities, this unexpected red was around US$3.7 billion, although everyone agrees on the devastating effect of the armed conflict in terms of the cost of energy.
In this context, the Argentine authorities also plan to “request an additional effort” from the IMF, based on the fact that they are paying for a “war that we did not choose.”
Another substantial point that is part of the agenda with the IMF is the review of the surcharges applied by the agency on the loan granted to Argentina.
In fact, at the recent G20 summit that took place in Bali, Indonesia, the leaders of the member countries agreed on a final declaration proposing the review of the IMF’s surcharge policy, in line with the proposal that the Argentine government has been doing in recent months.
Source: Ambito
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