The objective will be to notify the board of directors about the status of the negotiations with Argentina, regarding a possible agreement to reconvert the Stand By loan granted to the Mauricio Macri government into a Extended Facilities Program.
In the next few hours, the government of Alberto Fernández will have to face the payment of two new debt maturities. The first should be held this Friday for US$731 million, while the second would soon be held next Tuesday for an amount of US$365 million.
Meanwhile, continues the discussion with the agency staff multilateral regarding a possible agreement, at this time focused on the deadlines for the reduction of the fiscal deficit: in the Government they propose a fiscal adjustment of 2.5% of GDP for 2022 and, from there, a sequence of 2% for 2023 , 1% for 2024, 0.5% for 2025 and only a zero deficit in 2026.
While the representatives of the IMF demand from Minister Martín Guzmán a more important and accelerated cut for this current year, to reach the 2 deficit points: that is, they ask for an additional 0.5 percentage point cut, which would force to greater sacrifices. The zero deficit should be reached by 2025, that is, one year before the Argentine proposal.
News in development.
Source From: Ambito
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