Kristalina Georgieva said it in the framework of the Spring Meetings of the IMF and the World Bank. The gaze is set on the BCRA reserves.
Kristalina Georgieva
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, gave a press conference in Washington DC within the framework of the Spring Meetings of the IMF and the World Bank where he highlighted the efforts of the Argentine economic team to meet the goals of the program.
“Let me acknowledge that, in the second half of last year, the Argentine authorities have directed efforts to develop prudent management and meet the goals of the program,” said Georgieva, while recalling that “on March 31 our Board of Executive Directors completed the fourth revision of the program thanks to what the country has done”.
Likewise, the Managing Director of the IMF emphasized that “Argentina was affected by a severe drought that has undermined the performance of the economy and is significantly harming the country’s population” and that “it has complicated the work of politicians.”
For this reason, Georgieva explained that the agency has analyzed the implications of this shock and that they have “partially accommodated themselves to the modification of the net international reserve accumulation target.” “We know that we have a commitment from the government to continue fine-tuning the policies in light of the conditions in which they find themselves,” she added.
Finally, the Managing Director of the Fund remarked that the success of the program “relies on implementation, and implementation will continue to be important even in these very challenging circumstances.”
Source: Ambito
