Kristalina Georgieva highlighted “the implementation of a solid stabilization and growth program” undertaken by the libertarian government. Her statements come while Argentina negotiates the new agreement with the IMF.
The owner of the International Monetary Fund (IMF), Kristalina Georgieva, He once again praised the government of Javier Milei this Saturday for the way in which he modified Argentina’s economic plan and faced the commitments with the organization. The boost comes just at a time when the libertarian administration intends to reach a new agreement with the credit institution, with which the country has a record debt.
”The most impressive case in recent history is Argentina, where the effects were profound, with the implementation of a solid stabilization and growth program”said regarding the reforms that the managing director of the IMF, Milei, applied. He did so from Washington, when he reviewed the global economy in 2024 and highlighted that “in many countries” the organization observed “a change of gear on the public policy front.”
The Milei government has advanced talks with the international organization led by Georgieva for a new agreement. They are about to conclude and could be announced in the first days of March. Argentina was left in a better position vis-à-vis the Fund thanks to the accumulation of international reserves, and the agreement with the banks for a REPO of US$1,000 million that was well received by the market.
The favorable scenario for Argentina materialized with the pronounced drop in the country risk, which today is below 600 points, at minimum levels in 3 years.
In terms of goal setting, Argentina is comfortable. Due to the adjustment carried out by the Milei management, and which will remain firm in 2025, plus the significant drop in inflation and the fiscal surplus horizon, the Government would have no problem meeting the IMF’s requirements.
News in development.-
Source: Ambito
