One of the main objectives of the ongoing negotiations is for the IMF to advance the disbursements scheduled for the remainder of the current year, as part of the Extended Facilities agreement, to compensate for the loss of income recorded due to the drought. .
He Economy MinisterSergio Massa, could travel to Washington after the June 20 holiday, to lead the Palacio de Hacienda team that will leave next week for the US capital to meet with the technical staff of the International Monetary Fund (IMF) and advance negotiations with the multilateral organization. In this way it is confirmed that despite the fact that he was expected to travel next week, the trip is postponed until the 20th after the inauguration of the Néstor Kirchner Gas Pipeline.
One of the main objectives of the ongoing negotiations is for the IMF to advance the disbursements scheduled for the remainder of the current year, as part of the Extended Facilities agreement, to compensate for the loss of income recorded due to the drought. .
The negotiation between the officials of the Fund and the Government now revolves around the amount that the IMF could advance and what percentage of that advance would be used to cancel debt with the organization and what could be used to intervene in the exchange market, in a scenario of financial strain.
imf .jpg
What is expected to be negotiated with the IMF
Days ago, before returning to Argentina from China, Massa said that between June 12 and 14, the vice president of the Central Bank, Lisandro Cleri, will travel to Washington; the Secretary for Economic Policy, Gabriel Rubinstein; and the director of INDEC, Marco Lavagna, to address the “last mile discussion” with the IMF.
A debt maturity of US$926 million is scheduled for June 21 and the objective of the Economy is to resolve the negotiation before that date.
At the Palacio de Hacienda, they do not even rule out the possibility of making an advance payment, as a sign of goodwill with a view to advancing the negotiations.
“There are days when the negotiations advance, and others in which the situation is more tense, but it is like any negotiation,” sources from the Palacio de Hacienda said.
In the Ministry of Economy they assure that “the delegation will travel to Washington after the virtual negotiations that are in progress are successfully completed.”
A clue about this could take shape tomorrow during the press conference that the IMF spokesperson, Julie Kozack, will give, in which details could be provided about the schedule on which the Argentine officials advanced with the technical staff of the organization.
Source: Ambito
