Those were days when Georgieva defined whether to continue as managing director, but under the permanent gaze of the United States. This is it, Okamoto. From October it was then defined that the ideological line of the IMF would be that of the Republican, even with the permission of the Secretary of the Treasury Janet Yellen; obviously a democrat. It happens that for these cases, in the US there is no crack. Okamoto has the full support of the IMF Managing Director, Kristalina Georgieva; and both already show that they will be able to work together for many years. This includes the entire period that Argentina needs for its agreement with the IMF. And, from what is perceived of Okamoto, he will not be a person who will make things easier for the country, especially if the negotiation criteria applied from Buenos Aires are based on openly criticizing the current stand-by agreed between the government of Mauricio Macri and the leadership of the Christine Lagarde Fund and the presidency of Donald Trump. There will be less support if part of the discussion includes potential lawsuits against the Argentine officials who negotiated that agreement in 2018. Okamoto knows the subject well.
Controller
The current deputy chief executive of the IMF comes from the hard lines of trumpism and held the strategic position of interim assistant to the Treasury for Finance and International Development, under the supervision of Steven Mnuchin. From that position he served as organizer and auditor with a direct line to the former North American president, in the meetings of the G7 and the G20 and the participation of the United States in international financial organizations such as the IMF, the World Bank, the Inter-American Development Bank ( IDB), Paris Club, etc.
From that position he intervened directly in the negotiations between the Monetary Fund and Argentina; and, At the request of Trump and Munchin, he was the one who pressed for the stand-by to be signed in its second version of August-September 2018. Later, and by mandate of Mnuchin, who in turn obeyed Trump, it was who directly pressured his predecessor at the IMF, David Lipton, to agree to make the use of the agency’s loan money more flexible to carry out exchange rate policy. . This happened between May and August 2019 and, as the Government of Alberto Fernández rightly affirms, between 3,000 and 5,000 million dollars were applied to contain the local price of the dollar until the PASO elections of that year.
Consequently, it is difficult for Okamoto to advance in the internal investigation of what happened in those years, and that the Executive and Kirchnerism seek to be the basis of the justification for the IMF to accept a Facility Extended to more than 10 years. There is another antecedent of Okamoto and Argentina. He was the one who organized the economic content for his country, at the G20 summit in which the Macri government hosted between November 30 and December 1, 2018.
Source From: Ambito
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