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The US would support the advance of IMF disbursements to Argentina

The US would support the advance of IMF disbursements to Argentina
The US would support the advance of IMF disbursements to Argentina

According to Bloomberg, US officials spoke in favor of advancing the payment of US$10.6 billion, as long as the Argentine government managed to reach a renegotiation agreement with the multilateral organization.

Photo: Presidency of the Nation.

The US government, headed by Joe Bidenwould be willing to support an advance of the disbursements of the International Monetary Fund (IMF) to Argentina, with the aim of correcting the pressing lack of reserves, Bloomberg assured.

According to the economic environment, US officials spoke in favor of advancing the payment of US$44,000 million, as long as the Argentine government managed to reach a renegotiation agreement with the multilateral organization.

According to the fine print of the current program, the country should receive US$10.6 billion between June and December, which for the Argentine government is insufficient due to the crisis caused by the worst drought in recent years. Therefore, the idea would be to advance the total figure or part of it to the month of June.

Lula Da Silva asked the IMF “to remove the knife from Argentina’s throat”

Alberto Fernandez Lula.jpg

As part of his official visit to Brazil to analyze the progress of the bilateral agreements signed last January, Alberto Fernández held an extensive meeting this Tuesday with his peer Lula Da Silva, after which both leaders made a joint statement from the Alvorada Palace.

The meeting took place in the usual climate of camaraderie between the two presidents and left a series of strong definitions regarding the International Monetary Fund (IMF), the role of both economies for South America and the role of China and the BRICS, among other points.

After the summit, Lula once again expressed Brazil’s support for Argentina in the negotiations with the Fund. “I intend to talk, through my finance minister, with the IMF to remove the knife from Argentina’s neck,” launched the Brazilian president.

Regarding this aspect, he remarked that “the IMF knows how Argentina got into debt, it knows who it lent the money to, therefore it cannot continue to pressure a country that only wants to grow, create jobs and improve people’s lives.”

Source: Ambito

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