The Secretary of the Treasury, Raul Rigo, will travel tonight to Washington to join the members of the economic team who arrived this morning to finalize the final details of the agreement with the International Monetary Fund (IMF).
The outpost of the Palacio de Hacienda, which will hold meetings today with the authorities of the organization, is made up of the Secretary for Economic Policy, Adolfo Rubinstein, the head of advisors to the Ministry of Economy, Leonardo Madcur, and the vice president of the Bank Central, Lisandro Cleri, as reported in the Treasury Palace.
Rigo’s trip is directly related to the tax chapter that is being agreed with the IMF, based on being an expert in the matter.
If the talks are advancing successfully, it is presumed that the Minister of Economy himself would travel these days, Sergio Massato finish signing the agreement, which could be signed this Friday and then wait for the approval of the Directory, according to sources consulted.
Discussions with the IMF
Total disbursements would be estimated at US$8.500 millionwhich would clear the maturity horizon between now and the end of the year and, furthermore, would avoid possible financial turbulence in the run-up to the presidential elections.
The political support of the USA It has been key for the details to be polished and the final agreement to approach.
The boss of the Treasury Palace He had pointed out days ago that Argentina “is very close” to agreeing with the IMF, while remarking that this understanding was going to be achieved “defending an idea of a development country with inclusion, without resigning the sovereign capacity and without surrendering to the altar of the fiscal adjustment”.
“Negotiating with the Fund for these hours – Massa highlighted – requires a proactive look, having the conviction that Argentina is a country with obligations that it complies with, but a sovereign country. The determination to know what is defended when negotiating and the conviction of knowing how to set priorities”.
From the multilateral organization IMF spokesperson Julie Kozack, He stated last Thursday that “the focus of these discussions are alternatives to strengthen the authorities’ program.”
“While recognizing the impact of the drought on the economy, and this includes reviewing policies to safeguard stability, strengthen reserve accumulation, improve fiscal sustainability and safeguard the most vulnerable,” Kozack said.
Source: Ambito
