Where he will not be able to avoid talking about the economic situation of the country, will be in the meeting that he will have at 1:30 p.m. with the managing director of the IMF, Kristalina Georgieva who, in journalistic statements, referred to what the government had done: “so far, so good,” he said. The president’s purpose for this meeting is “to confirm his willingness to put the accounts in order no matter what,” he commented to his closest entourage.
Javier Milei speaks at the Davos Forum and meets with Kristalina Georgieva
Something similar happened in the brief meeting between the Chief of Staff, Nicolas Posse, and the Minister of Economy, Luis Caputo, yesterday with the deputy managing director of the International Monetary Fund (IMF), Gita Gopinath. The authorities of the Fund “were enthusiastic about the changes that Argentina is carrying out,” according to what emerged from the meeting.
The thing is, Milei He is convinced that the economic measures, together with the bill and the DNU, are key to getting Argentina out of the crisis in which it is mired, comments from those around him.
The Minister of Economy has the full presidential support to advance in the execution of the harsh fiscal adjustment. And, if politics does not support, “the measures will be even tougher,” as both Milei and Caputo said at the time.
At this Tuesday’s meeting, with Posse and Caputohe IMF He raised doubts about whether politics is willing to accompany. Concern, which will surely be part of the meeting that Milei will have with the head of the IMF.
It is that for Georgieva, “what this administration is doing is very aggressively correcting some of the deficiencies that we all see. Fiscally, we spend more than we can. The reserves are empty. So we are seeing progress on all these fronts,” he said.
Surely, the economic team will show, in the meeting they will have today with the Fund authorities that, in 25 wheels, the BCRA managed to accumulate 4.6 billion dollars. Likewise, it was known that the debt registered with the importers reaches US$26,000 million.
However, the doubt of the specialists, shared by the IMF, is the extent to which the government will have the support of politics and society. In particular, the middle sectors that have no palliatives to face the adjustment of relative prices.
Agreement with the IMF: new disbursement and praise from Kristalina Georgieva
It should be remembered that the IMF reached an agreement on the seventh review within the framework of the Extended Facilities Program (SAF) agreement with Argentina, which will allow the country to have access to a disbursement of US$4.7 billion, once it is approved by the Directory of the organization. There is still no defined date for the treatment of the Argentine review, but it is estimated that it could be carried out in the coming weeks.
Although it is ruled out that there will be no problems in the approval given that the agreed fiscal and monetary goals are more ambitious than those usually requested by the IMF. The head of the organization summarized the progress of the program by stating: “We are seeing progress on all these fronts.”
Source: Ambito
