Official sources told Ámbito that, if these resources are obtained and if inflation continues to decline, the stocks could be lifted in the first months of next year.
The President’s Government Javier Milei advances in conversations with different multilateral credit organizations aimed at obtaining external support that could exceed US$20 billionas far as he could know Scope. In this context, the president’s latest statements are explained Javier Milei to the journalist Alejandro Fantino. “Yes, the opening of the stocks to the dollar is much closer than you imagine,” he said. The head of state specified that ““There is an opening of the stocks without money or there is an opening of the stocks with silver: if you give me money, I will open it today,” asserted.
Official sources indicated to this medium that, if the disbursement of dollars is achieved, and if inflation continues to decelerate, The stocks could finish being lifted in the first months of next year.
The economic team is in Washington to participate in the Annual Meeting of the International Monetary Fund (IMF). Over there, Luis Caputo This Wednesday he received the award for “Minister of Economy of the Year” given to him by Latin Finance. He was accompanied by the head of Banco Centra (BCRA), Santiago Bausilithe Secretary of Economic Policy, José Luis Daza, and the Secretary of Finance, Pablo Quirno, inter alia.
What Caputo said about the IMF
According to journalistic statements made from the capital of the United States, the Minister of Economy anticipated that “Negotiations between Argentina and the Fund “are open and different alternatives are being considered.”
These alternatives are: requesting the new agreement when the current program ends, in December, or after making the next reviews – the ninth and the tenth – or without making any of those reviews; or not request any new program.
Caputo himself commented that the intention is obtain fresh funds from the IMF that could be achieved within the framework of a new agreement that replaces the extended facilities program currently in force.
However, it should be noted that talks could be extended for political reasons. It happens that the United States – the country that has the most decision-making power on the Fund’s board – is in the run-up to the presidential elections (they will be held on November 5) and specialists point out that a new agreement is unlikely to be finalized until define who will lead the world’s first power.
In any case, the agreement with the Fund is strategic, they point out in the Casa Rosada media, because it is a prerequisite to obtain new lines of credit World Bank. discreetly Argentine negotiators have been managing loans for a figure in the order of US$12,000 millionin an operation that would be, they maintain, the greatest support of this organization to the country.
But he wouldn’t be the only one. The authorities are also negotiating new loans from the Inter-American Development Bank. In this case a figure around US$4,000 millionas anticipated by government sources Scope.
In this way, adding the possible contribution of fresh funds from the IMF (Minister Caputo points out that “Argentina is the best student of the Fund”) to the lines under management with the World and Inter-American banks, The country could agree to loans for more than 20 billion dollars.
Source: Ambito
