“The goals are maintained,” he assures and highlights that the Government proposes a “primary surplus of 2% of GDP.”
The guru of the city, Christian Butlerdescribed as “positive“the agreement reached by the Government with the International Monetary Fund (IMF) “a month after arriving at Pink“, because with the disbursement of US$4.7 billion manages to clear the expirations of capital until April.
In this context, Buteler highlights that “goals remain“and that the Government proposes a”primary surplus of 2% of GDP“.
Likewise, the financial analyst explains that there is no new indebtedness why that “it would mean changing the program“. “There was no time for that negotiation,” he clarifies. It should be noted that the agreement reached by the former Minister of Economy Martin Guzman It passed through Parliament and took several months.
Agreement with the IMF: severe fiscal and reserve goal
“The fiscal goals and of Bookings continue to be the most demanding,” highlights the City guru and adds that the severity is due to “deficit boot plus drop in activity” while that of Bookings It is because “we start from negatives.”
Currently, the Central Bank (BCRA) has US$23,570while upon Milei’s arrival to power he had US$21,017.
Agreement with the IMF
The Government announced on Wednesday that it had reached a agreement with the IMF. As a result, the multilateral credit organization will disburse US$4.7 billion to clear the maturities, which it should have sent last year, but since the goals were not met, it did not approve it.
In addition, the goals were toughened, so during the announcement the Minister of Economy Luis Caputo He said it was essential that the omnibus lawsince otherwise “the measures are going to be tougher and Argentines are going to suffer them more”in a clear warning to Congress.
Source: Ambito
