The President said that “if the conditions are given” Argentina will sign a new agreement with the IMF. In addition, he revealed that “we are accelerating the taking of private funds to accelerate the exit from the stocks.”
President Javier Milei confirmed that he will seek to obtain the US$15,000 million to lift the stocks on the dollar with a new agreement with the International Monetary Fund (IMF) and more debt with private creditors.
The Head of State confirmed in a conversation with La Red that although his intention is to lift the trap as soon as possible, he prefers to play it “on the safe side” and “target it in the middle of the year”, in line with the estimates of the IMF, that monitors the country’s situation within the framework of the debt agreement.
“We are working on a new agreement and if the conditions are given we will sign it. We are in a very favorable situation,” He said about a new agreement with the Fund, while revealing that “we are accelerating the taking of private funds to accelerate the exit from the stocks.”
As anticipated Ambitthe lifting of the stocks was discussed with the number two of the International Monetary Fund, Gita Gopinath, in the meeting he held weeks ago with the president. On that occasion, the economist asked the president the reluctance of the multilateral organization to support dollarization. Those who know the privacy of the IMF point out that this alternative “It is not within the Fund’s manuals” and that therefore it would be a high political risk for the current technical leadership of the organization to support this initiative. It should be remembered that more than one senior official of the Fund saw his career frustrated after the failures in the handling of the Argentine case.
However, the IMF is “amazed” due to the forcefulness of the adjustment that Argentina is carrying out, they comment in the capital of the United States. It must be considered that it is not only about reducing the Treasury deficit, about five points of GDP, but also about the same number corresponding to the quasi-fiscal deficit, from which The cut reaches 10% of GDP.
NEWS IN DEVELOPMENT.-
Source: Ambito
