They claim that the IMF rejected Argentina’s proposal to temporarily reduce surcharges

They claim that the IMF rejected Argentina’s proposal to temporarily reduce surcharges

“At an informal meeting last month, the board rejected a proposal to discuss temporary relief from so-called surcharges, which are fees charged to countries that make extensive use of the lender’s lines of credit, according to people with direct knowledge. of the matter, who asked not to be named discussing private conversations, “explained the Bloomberg agency, clarifying that neither the IMF nor the Alberto Fernández government commented on the matter.

Argentina, the IMF’s largest debtor, has proposed that countries be exempted from paying surcharges amid the financial and economic burden of the pandemic.

It should be remembered that days ago, President Alberto Fernández assured that the agreement with the IMF “is closed” So what the only thing left is to make the drop in the surcharge rate official charged by the body. In the same sense, the Minister of Economy has been pronouncing, Martin Guzman.

At the beginning of this month, the president spoke with Kristalina Giorgieva, the IMF Director who congratulated him on his paternity. Fernández on that occasion referred to the questions that Giorgieva has been receiving for an alleged manipulation of data that favored China when she was a World Bank official.

“She told me that her problem over the China issue is in the process of being solved. It is good for her to continue. The agreement is closed, the rate reduction needs to be made official. But if it does not come out soon, it can be handled with a pari clause. passu, as the subject of the term “, affirmed at that moment the president.

A pari passu clause (“on equal terms”) prevents the borrower – in this case the IMF – from offering third parties better terms than those applicable to the loan granted.

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