In that sense, all eyes are on the United States, which has a weight of 17% in the body’s board and has the power of veto. The meeting between Cafiero and his North American counterpart, which will take place on January 18, could serve as a negotiating bridge with the most inflexible officials of the White House. Among them the former number two of the IMF and counterpart in the negotiations of the credit granted in 2018, David Lipton, who currently serves as an advisor to the Treasury Secretariat.
The Government confirmed to this media the meeting, which will also be the first in person between the two officials. “It will be a bilateral one, all issues of relations between the two countries will be addressed. Of course, at the top of the agenda will be the agreement with the IMF, but issues related to climate change and Human Rights will also be discussed “, pointed out a high official source to this medium.
Cafiero’s mission will not be easy at all. As Guzmán explained, the points of disagreement go through the path of fiscal balance today. Argentina aims to achieve it in 2027 and the Fund requires a zero deficit by 2024. In the Executive they say that in particular, the difference is to guarantee payments with the fruit of sustained economic growth or to do so through an adjustment. On this point, the position of the majority partner of the Fund would have hardened in recent months.
Despite this scenario, The strategy is in line with the need to “continue building understandings with the international community.” Something that Martín Guzmán has reiterated in each public statement. It is that beyond the consensus that can be addressed with the technical staff, in the last instance, the one who must approve the extended facilities program is the body’s board of directors, which is made up of the representatives of each country.
The Argentine ambassador to the United States, Jorge Arguello, has also been playing a fundamental role in the bilateral relationship. While he was one of the architects of the Foreign Minister’s tour, last week he also took time to receive the new IMF representative in Argentina, the British Ben Kelmanson. It is not ruled out that during his stay in the North American country, Cafiero holds meetings with other important officials in Biden’s scheme, such as the special adviser for National Security, Jake Sullivan, and the adviser for the region, Juan González.
Source From: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
