Slowly, starting today, the phones will ring again in the Palacio de Hacienda. The calls will come from Washington and will indicate that the International Monetary Fund (IMF) will return to work, after the traditional end-of-year vacations for agency officials. The interlocutors in Buenos Aires are ready and willing to speed up the final exchange of information on the end of the 2022 financial year; with full confidence within Sergio Massa’s team that the goals agreed for the first year of the Extended Facilities were met. And that, as far as possible, during the first meeting of the board of the organization in 2023 (meeting scheduled for the last week of January), the Argentine case will be treated positively in what has to do with the fulfillment of the objectives agreed for the exercise past. If this were to happen, and if the country had the approval that is expected from Economy before the end of the month or during the first half of February; It will be the time to start thinking about what is really important for Buenos Aires: the general guidelines for 2023. Not so much in the goals, since for the organization they are non-negotiable. But yes in the general objectives of the agreement; and, somewhat further, in the help that Argentina expects from the IMF due to the consequences on the real economy of the crisis unleashed by Russia’s invasion of Ukraine.
Source: Ambito
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