The minister kept the meeting scheduled as part of the Spring Meeting. The agency showed its openness to recalibrate the program because of the drought.
The economy minister Sergio Massa met this saturday with IMF Managing Director Kristalina Georgieva, within the framework of the Spring Meeting of the organization that is held in Washington. The meeting took place in the middle of the opening of the organism to recalibrate the goals for Argentina because of the drought.
In the hours leading up to the meeting, the head of the Palacio de Hacienda met with Gita Gopinath, deputy director of the IMFwhere they evaluated that “worst drought in history” modified the criteria of the program agreed with Argentina. Therefore, from the agency they advanced whate it is necessary to recalibrate the goals in order to adapt them to the new reality and thus achieve success.
The agency’s technicians and senior economic management officials They are already working on this reformulation in which “all or some of the goals could be modified”, According to sources from the Ministry of Economy to Scopeand added that “other instruments could also be used such as postponements of maturities or advances of disbursements”.
“We talked about the impact of the worst drought in the history of Argentina and we promised to continue working together closely to strengthen the program in this difficult scenario,” he said this Saturday, in a tweet, Gopinathafter the meeting he had the day before with Minister Sergio Massa.
News in development.-
Source: Ambito
