The Minister of Economy will join Alberto Fernández’s entourage in the next few hours. One of the objectives of the meeting will be to explore financing alternatives.
He Economy Minister of the Nation, Sergio Massawill travel in the next few hours to USA to join the presidential entourage of Alberto Fernandezwho will meet with the president of the United States, Joe Biden.
The objectives of the meeting will have to do with exploring financing alternatives to cover the public account deficit. The president will seek to obtain political support, while Massa will detect the opportunities that may arise from multilateral or private organizations to achieve new funds for the country.
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REUTERS
Massa’s schedule in Washington It is not yet confirmed, but the meeting of the leadership has already defined the renegotiation of the reserve accumulation guideline. A large part of the debt payment of some may depend on this meeting with Biden US$2,700,000 to the IMF. A reference from the President of the United States to a relaxation of the agreement with the organization can define the payment with reservations. If there is no favorable sign from Biden, the situation of the central bank will be very compromised.
Argentina must reduce its fiscal deficit to 1.9% of GDP, and, exhausted the capacity of orders to the traditional ones such as the Inter-American Development Bank (IDB), the World Bank (WB) and the Development Bank of Latin America (CAF) , the options are less and less.
Although everything is handled with absolute secrecy, the different actions of government actors allow us to assume that this meeting with Massa through the corridors of the White House and with meetings in offices in Washington, will have an important significance for the economic future of Argentina.
Source: Ambito
