In principle, and as far as he could know Ambit from a high official source, a dollar will be announced for the regional economies and corn, a reversal of the agricultural dollar. While, a differential dollar was ruled out for soybeans. This benefit will be for only those export quotas and not for the domestic market. The value of this agro dollar It is estimated that it could be around $350, but there was no official confirmation about it.
Also, it will establish COUNTRY tax to the imports referred to Services, Sumptuary, but will be excepted from this exchange rate, the products that are destined to the basic basket and the sectors related to energy. Also, Those who export and also import if they pay for their imports with exports will not pay VAT or Country tax.
“The objective of these measures is to strengthen reserves and improve tax collection,” I explain to this newspaper a high source of the Palacio de Hacienda.
It should be remembered that tax collection was affected by lower resources as a result of the impact of the agricultural sector due to the drought.
Meanwhile, the IMF confirmed through a spokesman that “our teams continue to work constructively, in person, with the aim of reaching an agreement on the fifth review of Argentina’s program supported by the Fund.”
They highlight that the “discussions continue to be focused on policies to strengthen reserves and improve fiscal sustainability.”
Contacts
With the intention of unlocking the agreement, late on Wednesday, Sergio Massa held a zoom of almost an hour, between 8:30 p.m. and 9:30 p.m., with the head of the IMF, Kristalina Georgieva, as Ámbito learned. After contact with the head of the IMF, they left for Washington at 10:30 p.m. the head of advisers of the Ministry of Economy, Leonardo Madcur and the Secretary of Finance, Raúl Rigo.
In Economics they insist that “Negotiations are on track for closure.”
Massa also maintained permanent contact with the White House and also spoke with the economic team of the German government. The directors of the United States and Germany are key, along with China, to obtain the support that Argentina needs.
It remains to be seen if the IMF will send advance disbursements for some 8,500 million dollars. Likewise, as soon as the fiscal deficit target will be stipulated (the current agreement provides for a primary imbalance of 1.9% of GDP) and the reserve accumulation target.
Under the agreement currently in force, the IMF planned to disburse some US$4 billion in June, some US$3,400 at the beginning of September and the same amount at the beginning of December to come.
It should be remembered that Argentina postponed the payment of almost US$2.700 million that it must make to the Fund for July 31, at a time when the external sector appears fragile.
Source: Ambito
