“The Secretary of the Treasury, Scott Besent, He met today with the Argentine Finance Minister Luis Caputo, with whom he talked about the impressive measures of administration’s reform Milei to reduce the inflation, reactivate the growth promoted by the private sector, reduce poverty and Increase real wages“The Treasury Department reported.
According to an official statement, the Secretary of the Treasury, who expresses the positions of the White House before the bottom, praised Caputo “for the measures of Macroeconomic reform and structural that reduce the burden of regulation on the private sector and the size and influence of the government. ” “Thanks Secretary Scott Besent for a very constructive meeting!”the minister replied in a publication in “X”.
The role of Treasury is key to advance in an agreement with the Monetary Fund. The objective is to achieve a disbursement that would be around US $ 12,000 million.
Caputo’s meeting with Besent arrives a day after the meeting between the president Javier Milei and Trump, on Saturday, within the framework of the Conservative Action Conference (CPAC). The White House stressed that they had talked about “The innovative economic reforms of President Milei” And how they can work together more closely. Trump invited Milei to “visit the White House in the coming months.” The Argentine president aspires to specify a free trade agreement between Argentina and the United States.
Javier Milei and Luis Caputo met with Kristalina Georgieva to accelerate the new agreement with the IMF
On the trip to the US, a new visit of the president was also completed to the IMF offices to meet with the head of the credit agency, Kristalina Georgieva. “Today I received the president Javier Milei in it IMP To talk about the plan stabilization and growth From Argentina, “said Bulgarian economist at the end.
He then sent a wink to the libertarian administration by ensuring that the economic plan that carries out to stabilize the Argentine economy “It is giving significant results.”
In that line, the head of the Fund referred to the negotiations carried out by Milei and the economic team led by Minister Luis Caputo to arrive at a new agreement that enables new disbursements. “Our teams continue to work constructively in pursuit of a new program with the IMF,” he closed.
Milei and Caputo ultiman details for the new agreement
Milei’s meeting and the delegation that traveled to the US with the head of the Fund was completed at the headquarters of the International Credit Agency and is part of the talks that embodies the libertarian administration with the agency for the design of a new agreement that, according to the president, only “He lacks the bun.” Caputo You will seek to specify your promise to close the understanding during the first four -month period, after ensuring that everything is “Virtually agreed.”
Last Monday, during the interview with the TN channel on the $ Libra scandal, Milei also spoke about an eventual agreement with the IMF and the implications it will have on the dollar and inflation. In that line, he said that this year the exchange restrictions will be eliminated. “On December 31, 2025 there will be no more stocks”said Milei regarding the liberalization of exchange regulations. “At some point in this year the stocks will be lifted,” he reiterated.
Regarding the conditions that should be given for that to happen, the economist put all the chips to the disbursements that come from the IMP “That will depend on the agreement with the fund and how disbursements are structured,” he explained. When larger are initially, the stock will be lifted before.
Earlier, Caputo He also talked about negotiation with the IMF. “We are at the end points of the discussion with the background,” said the minister and clarified that, due to good economic results, they are likely to arrive in fruition: “We overwhelmed the goals and gave us credibility. “
As for disbursements, He avoided giving details since they are defining the details of the plan. “Now comes the part where we have to agree on the final amount with the IMF and make it go through Congress,” he said. At the beginning of the month, the minister had stated that “the IMF loan will be the first four -month period” and will not represent a new debt.
Source: Ambito
