“We discussed the solid performance in the fight against inflation, fiscal consolidation and support for vulnerable people,” said the head of the Fund.
As Ámbito reported, the Minister of Economy Luis Caputo held a meeting with the head of the International Monetary Fund (IMF), Kristalina Georgieva, in Rio de Janeiro within the framework of the G20.
“We discussed the strong performance in the fight against inflation, fiscal consolidation and support for vulnerable people”the Bulgarian official said on her X account. “We are committed to supporting the government’s efforts to turn the economy around for the benefit of the people,” she added.
Caputo began to fulfill his agenda of individual meetings with various world authorities on Thursday. In this context, it is expected that, in addition to Georgieva, meets with the US Treasury Secretary, Janet Yellen.
Objective: dollars for the BCRA
He will also join the President of the World Bank, Ajay Banga, and with the head of the Inter-American Development Bank (IDB), Ilan Goldfajn, an old acquaintance of the country: the Brazilian was director for the Western Hemisphere of the IMF and one of those involved in the last agreement with Argentina.
The key objective of the minister in this meeting with Georgieva is to resume negotiations for request a disbursement of money to the IMF to deal with the fall in reserves and give air to the economic plan of Milei.
Both meetings will take place in a context of strong volatility in the stock market and in the parallel dollar markets in Argentina, which became more noticeable after the announcement of Caputo that the BCRA began to intervene in the financial exchange rates to contain the gap with the official market.
Another key meeting
Caputo will then hold a meeting with Mathias Cormann, Secretary General of the Organisation for Economic Co-operation and Development (OECD)which includes the world’s largest economies with democratic regimes.
In May, Argentina received the roadmap that it must implement to enter the organization. The country expressed in 2016, during the presidency of Mauricio Macri, their desire to join the bloc. Despite the “positive talks,” according to Cormann, The process did not advance during Alberto Fernández’s government.
Source: Ambito
