24hoursworld

The IMF welcomed the approval of the Bases law and the fiscal package

The IMF welcomed the approval of the Bases law and the fiscal package
The IMF welcomed the approval of the Bases law and the fiscal package

“Its aim is to improve the quality of fiscal consolidation, further reduce inflation and support economic recovery,” the agency’s spokeswoman, Julie, said in a message. Kozak.

Depositphotos

He International Monetary Fund (IMF) celebrated this Friday the sanction of the Bases law and the fiscal package in the early hours of today by the national Congress.

In a message published on the social network Julie Kozack He said: “We welcome Congress’s approval of key fiscal and structural legislation, as well as measures to strengthen the monetary policy framework. These are intended to improve the quality of fiscal consolidation, further reduce inflation, and support economic recovery.”

He added: “We continue to collaborate constructively with the economic team on policies to create a more prosperous and stable Argentina.”

fmi.PNG

According to published Ambit, The officials of the Ministry of Economy and the IMF technicians continue to maintain numerous meetingsfacing the possibility of negotiating a new agreement.

The Government must “improve monetary and exchange rate policy frameworks and communication to firmly anchor the disinflation process, further improve reserve coverage and support the transition to a new regime of “monetary competition”, indicated days ago the latest agency report on the country.

The organization understands that “this must be complemented with a well-calibrated easing of capital flow regulation measures, with an early elimination of the most distorting multiple exchange rates and foreign exchange restrictions, as well as reforms to create a more market-oriented economy that supports a rebound in activity and boosts Argentina’s growth potential.”

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts