He technical staff of the IMF had already evaluated the fulfillment of the goals of the last quarter of last year and He pointed out that the reserve, fiscal and monetary objectives were met.
Spokesmen for the Ministry of Economy confirmed that the board will deal with the Argentine case and that it accepted postpone Argentina’s payments to the IMF until this Friday, when the disbursement would also be released.
The easing of the reserve goal has as a counterpart the commitment of the Argentine government to apply “more solid policies” as requested by the IMF and accelerate the reduction of energy subsidiesespecially the higher income sectors.
Argentina has the support of the United States, the country with the greatest weight in the decisions of the IMF board of directors, after the meeting between the US president Joe Biden and the Secretary of the Treasury, Janet Yellenwith the Argentine president Alberto Fernandezthe minister Sergio Massa and other officials in the White House.
Massa also held a meeting with the number two of the IMF, Gita Gopinathin which he promised to take measures to increase the accumulation of reserves in the Central Bank.
The Economy Minister announced in Washington measures aimed at strengthen reservessuch as expanding the export scheme with the “agro dollar”which would be extended in addition to soybeans to other products of the regional economies and which will seek to simplify the various exchange rates.
In the economy, they hope to achieve other US$3 billion from international organizations to strengthen the reserves of the Central Bank.
Source: Ambito
