He president Javier Milei He stated that he hopes that the Donald Trump government Help Argentina achieve a new agreement with the International Monetary Fund (IMF). In an interview with the renowned economic media, The Wall Street Journal (WSJ)the Argentine stated that he hopes that the Republican leader will help the country achieve “billions of dollars” in new financing.
Javier Milei spoke about Donald Trump’s role in achieving a new agreement with the IMF
That Milei and Trump maintain a ideological harmony is nothing new. Both world leaders have sent each other different winks, which intensified after the Republican won the elections against Democrat Kamala Harris last Tuesday, November 5. Since then, the Argentine president traveled to the United States to participate in a dinner at the businessman’s Mar-A-Lago mansion and confirmed that he will attend his inauguration ceremony.
However, the libertarian government hopes that this good relationship will translate into effective aid from the White House. Along these lines, Milei seemed confident and assured TWSJ that He is confident that Trump will help him secure a new multibillion-dollar deal with the IMF.
Leveraged by Trump’s gestures, Milei seeks to close the new agreement with the IMF that will provide fresh funds for the country, with the exit from the stocks as one of its most important objectives during 2025.
The confidence of the libertarian administration on the role that the IMF will have Once the Republican leader takes office, he is on the rise every day. Yesterday, the Minister of Economy, Luis Caputo, affirmed that the negotiations he maintains with the International Monetary Fund (IMF) and assured that provides that the agreement with the financial institution be renewed in the first months of next year.
“I estimate that for him first semester Next year we will reach a new agreement,” Caputo said. In addition, he highlighted that IMF officials “are amazed” with the performance of the economic plan in Argentina, “just like around the world.”
In that sense, Caputo reiterated that the Government seeks achieve three conditions to lift exchange restrictions: “The first is that inflation converges to the crawl level. The second is to finish balancing the money market, demand and supply of pesos. This is extremely important because when we arrived the imbalance was total, who wanted pesos in December of last year? “There were four monetary bases in remunerated liabilities of the Central Bank.” Finally, he added as a condition that he reach an agreement with the IMF. “If these three goals are met, we will probably be able to get out of the trap”.
The free trade agreement with the United States
Although Trump has at other times leaned towards protectionist measures for his country’s industry and economy, Milei also told TWSJ that he hopes to be able to sign a free trade agreement with the Republican leader. “I think it is highly possible because The United States discovered that we are a trusted partner“Milei explained. In addition to this, the Argentine president assured: “We are a strategic ally“.
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@JMilei
Previously, Milei stated that he will seek to sign a free trade agreement with the United Statesanticipating that it will promote reforms so that the Mercosur countries have “autonomy” with the rest of the world. He did so during his speech for the anniversary of the first year in office that was broadcast on the national network.
According to the President, they will look for “eliminate tariff barriers that hinder internal free trade within Mercosur and reduce the common external tariff that makes life more expensive for all of us without any benefit in return,” he anticipated. He had advanced the position in Montevideo during the leaders’ summit where Argentina assumed the protempore presidency of the bloc.
In the interview with TWSJ, Milei did not state that he does not rule out seeking something similar with other countries, including China: “All the free trade agreements that we can make, we are going to make themr. Others can do what they want, I am going to continue seeking free trade,” he stated.
Source: Ambito
