Economy Minister Luis Caputo assured that “They are already defined” The program with the International Monetary Fund (IMF) and the amount that will be disbursed in Argentina. Besides, defended the use of DNU To advance with the negotiation and denied a “Possible Cimbronazo” With the dollar in the future.
“The program and the amount are defined. We have modeled many scenarios to approve it, the staff agreed and now sends it to Board, which decides if it puts the hook, ”said the minister. However, Avoid confirming which is the agreed amount since he said that “for now it is confidential.”
In that line, Caputo He denied that the fund has requested a devaluation And he said that nor does it foresee pronounced jumps in the exchange rate for this year. “The background never asked us devaluation. The program had it defined with the IMF in the basics for a lot, this last time it was more to define how many new funds were going to be required to improve the assets of the assets of the Central Bank and that there is support according to the level of liabilities. That was what took the negotiation last time, ”he said in statements to LN+.
The Government confirmed that it will send the order to authorize the agreement with the IMF by DNU
He Government announced that this Friday a Decree of necessity and urgency To obtain authorization to advance in the negotiations with the IMF, as they had anticipated scope. This was reported by official sources, who indicated that they work with the president Javier Milei and the Minister of Economy, Luis Caputoamong other advisors.
The initiative, which finally instead of a bill will be a DNU With the aim of expediting its approval, it will only have the authorization request to reach a new agreement but will lack any technical detail about the progress of the negotiations.
In any case, the decree begins to govern from the moment of publication, beyond treatment in Congress, which will subsequently define its approval (it will be enough with the approval of one of the two chambers), the constitutionalist lawyer explained to the scope Felix Lonigro.
The opposition spoke of “institutional abuse”
After the government’s announcement that will issue a decree of necessity and urgency (DNU) to obtain support for the agreement with the International Monetary Fund (IMF), The opposition criticized the measure harsh. The president requested an “urgent commitment” for approval.
“A new institutional outrage” the national deputy described Esteban Paulón to the new DNU announced by President Javier Milei. In addition, he denounced that he does not ask for the approval of Congress, but that this path has the force of law. “The government does not ask for any authorization. It dispenses with it, bridges Congress and does what is sung (as always),” he said.
Along the same lines, the radical deputies of Democracy forever Fernando Carbajal and Pablo Juliano. The first said Javier “Milei chooses the ducks instead of the road to institutionality” Carbajal described as “immoral” to the president and assured that “a government that borrows by force of DNU can never be liberalin the future you will be a joke of bad taste. “
Luis Caputo: “The solution is to lower prices, not devalue”
Luis Caputo, admitted to a business forum in Mendoza that “it is true that there are expensive prices in dollars”, although he assured that “devaluate is not the solution “, Meanwhile, he confirmed that he is close to closing an agreement with the IMF.
“On the contrary, the solution is that these prices fall and That will happen with fewer taxes and more competition “said the head of the Treasury Palace, thus rejecting the idea of ”exchange delay.”
In that sense, he considered that “The solution is to lower prices and go down with less taxes and more competition “while indicating that in the industries that are exposed to import competition “Prices are going to go down, as already happened with cars. ”
Thus, it ruled out the possibility that the government advances with some modification of the exchange policy at the expense of an agreement with the International Monetary Fund (IMF).
Caputo said that The IMF is not demanding from the Argentine government a devaluation of the peso And as long as he indicated that the officials of the Palace of Finance have already agreed on how the economic program continues.
In this regard. The official reiterated that the proposal for a new program with agency COmar would in the first four -month period due to the legislative procedure that the IMF bureaucracy is needed.
“There will be an agreement in the first four -month period. We agreed with the economic program. The IMF never asked for a devaluation ”, Caputo said who reiterated that there will be fresh funds to recapitize the assets of the BCRA.
Confirmed that Operation will serve to rescue non -transferable letters that appear in the Central Bank asset. The letters are like a promissory note of reservations that were extracted from the entity more than 15 years ago.
In that sense, Caputo indicated that the IMF money “goes to the treasure and then repurchase debt that the BCRA has of the treasure.”
Source: Ambito
