“Inflation in Argentina is falling a little faster than we initially expected”Georgieva said during a press conference in which she referred to the regional situation within the framework of the Spring Assembly of the organization that is being held in Washington.
In turn, he noted: “If we look at Argentina, a country that has long been perceived as a laggard from the point of view of reforms, we see that it is now moving very quickly in fiscal adjustment. “The country is attracting private investment to seek better performance.”
Georgieva’s statements came a few hours before the Minister of EconomyLuis Caputo, hold a meeting with the number two of the organization, Gita Gopinath.
Inflation and growth: the IMF numbers
In the global outlook report, the FMI estimated that Argentina will suffer a drop in GDP of 2.8%with an inflation of 150% in 2024. However, by 2025 it predicted a growth of 5% with a price increase of 45%.
In the meeting with Gopinath, the goals set for the first quarter of the year will be reviewed, which will allow a disbursement from the u$800 million in May.
Luis Caputo’s agenda in Washington
Minister Caputo will participate in the panels and meetings of the organizations and the G20. Likewise, accompanied by the Secretary of Finance, Pablo Quirnoplans to meet with representatives of the IMF and of United States Treasuryin search of continuing the dialogue on the reforms that are being developed in Argentina to organize the economy.
The head of the Economy portfolio will take advantage of his stay in Washington to participate in the meetings of the International Monetary and Financial Committee (IMFC) and the Joint Ministerial Committee for Development (CD) of the IMF and the Bank world.
There, the world economy, the evolution of financial markets and issues related to the mandate of the organization and the necessary financial resources will be discussed. to promote economic development and poverty reduction in developing countries.
Source: Ambito
