Finally this monday a delegation from the Ministry of Economy will travel to Washington at nightanticipated Ambit a tall fountain of the Palacio de Hacienda. They estimate that, after arduous negotiations this Friday the staff level agreement would be announced.
A total disbursement of some US$8.5 billion was agreed upon until the end of the year. “The strong support of the Government of the United States in the negotiation was very important,” stand out.
In the Ministry of Economy, it is not ruled out that the minister Sergio Massa must suspend the campaign and travel on Thursday to participate in the closing of the agreement.
It should be noted that Argentina postponed the payment of almost US$3,000 million for July 31.
Sergio Massa’s message to the IMF
The Minister of Economy and presidential candidate of Union for the Fatherland, Sergio Massaassured this Sunday that the ruling party raised a “country project” which includes the payment of the debt with the International Monetary Fund (IMF), in the midst of negotiations between the technical teams of Argentina and the institution to close a new agreement.
“Argentina was left with a very complicated anchor, which is a 2018 agreement with the National Monetary Fund, which made us lose sovereignty. We have set ourselves the challenge of discussing equally and equally defending our conviction, our sovereignty and the interest of Argentina with the Fund,” said the national official.
Along these lines, the presidential candidate stressed: “We have also set ourselves a challenge for the next four years as a country project, which is to work on achieving our own accumulation of reserves to pay the Fund and to leave Argentina.”
Last Thursday, the IMF reiterated that talks are being held with the Argentine government to reach the reformulation of the current agreement, but it did not give signs of a closure in the short term.
In addition, denied having received a letter from Chinaa member of the board of directors, in which the institution was supposedly urged to reach an understanding with Argentina, since otherwise it would help the country to finance the maturities that it must face until the end of the year.
The IMF’s position was expressed by the spokeswoman, Julie Kozack, as press conferences resumed in Washington after a month of silence. Prior to Kozack’s statements, the spokeswoman, Gabriela Cerruti, had indicated that “The negotiations with the IMF are going to take as long as they have to take so that the interests of the Argentine people are preserved.”
Source: Ambito
