The Secretary of Industry highlighted the progress that has been made in the negotiations with the Monetary Fund (IMF) and highlighted the commitment of the economic team.
The Industry Secretary, José Ignacio de Mendiguren, confessed to being “optimistic” that Argentina will be able to reach an agreement with the International Monetary Fund (IMF) and is confident that pending disbursements will reach the country.
“I am optimistic with the disbursements. Both the Fund and the North American Government understood what the war and the drought meant for Argentina, where the first cost us about US$5,000 million and the second, almost US$20,000 million “, said the official in a radio interview.
Likewise, de Mendiguren referred to the payment of US$2.7 billion made last week by the Government and the decision of the Minister of Economy and presidential candidate for Union for the Fatherland, Sergio Massa, to use yuan and SDRs to avoid paying with dollars from the reserves.
An economic team that does not give up
“No one would have imagined paying the Fund with yuan and SDRs,” said De Mendiguren, who considered that “Massa’s economic team shows that they never give up. It was an exit not to use dollars, pay with SDRs and yuan. Creativity was important to take care of the dollars,” said the official.
Facing the final steps to renegotiate the current agreement with the IMFMassa decided to send a mission to Washington made up of the Vice Minister of Economy, Gabriel Rubinstein, and the Ministry’s chief adviser, Leonardo Madcur, to finalize details.
The Minister of Economy aspires to a reformulation of goals and that the around US$ 10.400 million in disbursements, which had initially been agreed for the entire semester, can be brought forward.
While, around US$1.2 billion mature this Friday with the IMF.
Source: Ambito
