Claudio Loser detailed the proceeding of the international agency and clarified that it initiates a more strong period of control over Argentine economic policy.
Even without details on the disbursement moment or the sum of the new credit that the International Monetary Fund (IMF)To Argentina, its effects are already impacting the local financial reality. The government preserved the details of the negotiation, but the analysis point to a more iron position of the international organism.
One of those who pays that hypothesis is Claudio Losereconomist and former regional director of IMF, who indicated that “They will not give the loan at once. This loan is granted every three months; They are going to give something now, US $ 4,000 million, but there will be an understanding and quantitative objectives that reserves have to increase. You can spend a little, but at three months there is a review of the program and the Background can be quite hard about that“
“If they give it 20 billion dollars, as they speak, they will be giving them by quarter, In no way is it like the government’s rhetoric indicates“He insisted and understood that”The use of these funds must be the big difference of opinion that there is today between the IMF team and that of the Government. They can allow one part to be destined for another purpose, but I am 98% sure they will tell us that the priority is to strengthen reserves. “
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Interviewed on Radio Rivadavia, Loser stated that “Although we are the biggest debtor they have, they consider that it is important to support us. But not to spend the money, or to protect the dollar today, but because they believe that this will help the country; It will function as a certificate of good health so that more investments are coming and financial recovery is completed. “
“It is important to have a program as support for what is being done, it would not be a change of route, In any case, a continuity is sought“He concluded.
IMF analyzes to disburse $ 20,000 million to Argentina
The IMF would discuss next week the new loan with Argentina, by about $ 20,000 million, In an informal meeting before the official meeting that the Board of Directors would make in mid -April, Bloomberg reported.
As anteroom of the official meeting, There would be a meeting between his technical team and the executive directory in Washington. The meeting, scheduled for Tuesday, It would allow progress with the amount that would include this new agreement, key to strengthening the reserves of the Central Bank.
The IMF will evaluate a Agreement agreement extended for four years, with an estimated amount of about 15,000 million special turn rights (DEG), equivalent to about 20,000 million dollars. However, the final amount It could be modified after the conversations with the members of the Board of Directors.
In this type of informal meetings, the technical staff of the Fund It usually provides the Board of a report on the status of negotiations with the country requesting assistance.
Source: Ambito
