This is the investigation that the Independent Evaluation Office will carry out on the 2018 credit. Javier Milei and his team established the first contacts with the White House and the multilateral credit organization. Georgieva did not rule out a new disbursement for Argentina.
The Independent Evaluation Office of the International Monetary Fund confirmed to Ambit that The visit scheduled for this month in order to analyze the credit granted in 2018, was postponed until the beginning of 2024. The agency also confirmed that it aims to close said investigation by the end of next year. The team of Javier Mileivisiting Washington, held meetings with officials of the IMF. Kristalina Georgieva made a first nod to the arrival of fresh funds.
Milei began to outline a roadmap with the IMF. The president-elect has already told the multilateral credit organization that he plans to carry out a fiscal adjustment much more severe than what is asked of Argentina. He did it at his first contact with Kristalina Georgieva. In addition, he added a stop in Washington to his visit to the United States, where he met with White House officials, while part of his team met with officials from the Fund.
At this time, gestures circulate in both directions. The Independent Evaluation Office of the International Monetary Fund, which had announced that it would arrive in the country during November to put a magnifying glass on the credit granted to Argentina in 2018, confirmed to Ambit who postponed his visit. In response to this media’s query, The main evaluator Miguel de las Casas announced that it will be carried out at the beginning of 2024.
What does the audit consist of?
The audit in question is aimed at IMF credits with exceptional access, such as the one the country obtained within the framework of Stand By during Mauricio Macri’s administration. The peculiarity is that part of the members of the economic team that signed that program could integrate the future cabinet, with Federico Sturzenegger and Luis Caputo to the head. The delay in the arrival of the mission can be seen as a way to remove tensions from the first approaches, although de las Casas confirmed that they still plan to have the report ready by the end of 2024.
This Tuesday, the Managing Director of the IMF, Kristalina Georgieva told Reuters that the organization is “very interested” in supporting Argentina and that The country could be a candidate to receive financing through the Trust Fund for Resilience and Sustainability. It is estimated that in this way it could be obtained an extra US$1.3 billion. Curious fact, the program is intended to mitigate the consequences of climate change, a problem that the president-elect of Argentina openly denies.
This trip by Milei and his team was in part intended to begin opening doors in Washington. Those around the libertarian assure that in the meetings, which were guided by the ambassador Marc Stanley, White House officials anticipated that they will provide their support in Argentina’s conversations with the Fund. The president-elect began his return to Argentina and will arrive in Buenos Aires this Wednesday.
At the close of this edition, the idea was for Luis Caputo and Nicolás Posse, whom they point out as the future Chief of Staff, to remain in Washington as interlocutors of the future government for meetings with the IMF, specifically with the head Kristalina Georgieva and her number two. , Gita Gopinath.
Source: Ambito
