The Government announced that the planned meeting with representatives of the International Monetary Fund (IMF) It was postponed to this Friday, one day later than planned. There, it is expected that Luis Cubeddu and Ashvin Ahuja analyze with the minister of Economy of the Nation, Luis Caputoand the Chief of Staff, Nicolás Posseof the current agreements.
The news was confirmed by the presidential spokesperson, Manuel Adorni, on their social networks. “The government meeting with the IMF will take place Friday. Luis Cubeddu and Ashvin Ahuja representing the organization they will meet with the Minister of Economy Luis Caputohe Chief of Staff Nicolás Posse and authorities of the BCRA. In addition, different meetings of the technical teams will be held. End,” he reported.
The IMF envoys will be the head of the Western Department, Luis Cubedduand his second, Ashvin Ahuja. From the Ministry of Economy HE they deny the versions that suggested that the country could receive extraordinary aid from the Fund, on the order of 15 billion dollars. They do not rule out receiving fresh funds, but it would be “a much lower figure” that eventually “They will be used to accumulate reserves.”
The Government will receive the IMF: the keys to the meeting
The presidential spokesperson, Manuel Adornihe said this Wednesday in his morning press conference in Pink House that the Government is carrying out “a plan to stabilize” the economy, so in the meetings with the delegation of the IMF that will start tomorrow “we should have absolutely no difference.
“I understand that, at least based on previous agreements, we should have absolutely no difference with the Fundby virtue of the fact that we have a very clear plan in tax matters“Adorni stressed in the usual press conference.
Asked whether the IMF I was going to ask for a stabilization planAdorni assured that “since December 10, we have been implementing a plan to stabilize this horror that has been left to us in the economic situation in the Argentine Republic.”
At the same time, he said that “there is no predefined agenda with the Monetary Fund“, while remarking that “the central bank has a very clear plan on monetary matters.” “The North is too clear to have some kind of non-meeting point with the Monetary Fund“he concluded.
The link between Javier Milei and the IMF
“The intention is to continue with the current Extended Facilities Program, achieve waivers (forgiveness) for non-compliance and adapt the goals”he specified Ambit a high fountain of the Palacio de Hacienda. To this agenda, which aims to redefine the expiration dates, is added the confidence of Javier Milei regarding Friday’s meeting.
“The agreement is not something that worries the president”a source close to him commented to this medium given that “the adjustment we propose is much greater to the goals established in the agreement Extended Facilities“. On repeated occasions, the president stated that his intention is to achieve during the course of this year balance not only primary (before interest payments) but also financial.
The country must face the cancellation of debt with the IMF for US$1,915 million in January, US$763 million in February and US$1,915 million in April, which totals about US$4,592 million in the first section of the year.
Parallel, There are another US$1,633 million to settle with other multilateral organizations between January and Aprildiscriminated at about US$436 million in January, US$214 in February, US$725 million in March and US$257 million in April 2024.
Source: Ambito
