Ten definitions of Martín Guzmán on the true reasons of the government to ask for more debt

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“The IMF is a political player,” said Guzmán.

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Martín Guzmán’s definitions on the agreement with the IMF

• “This is just the beginning of another external brutal indebtedness process such as 2018”considered Guzmán on his social networks, contradicting the official justification. The government swears that it is not a new debt because the funds that the IMF will be destined to redeem debt that the Treasury has with the BCRA and, thus, strengthen the reserves.
• “Today they look for a lifeguard to endure to the elections”. In line with the idea that it is only indebtedness for a fragile economy, for Guzman this new loan would only serve to endure a few months until the October elections.
• “Once dollars again for them to burst it in the exchange market? This already Caputo did it once.” In this way, the economist reminds the Minister of Economy of Javier Milei who was responsible for negotiating the US $ S55,000 million granted to the Macri government in 2018 and that US $ 45,000 million were spent in just a year and a half.
• “Why would you want an initial disbursement of USD15,000 million on day one if you don’t have to pay anything in a year and a half? Why would you spend on succulent interest 800 million dollars to have USD10,000 saved in your chest if you are not going to use them?” Guzmán does not trust Luis Caputo’s promise that they will not be used for a currency escape.
• “What I think is that they want that quick debt to raffle it all, what Caputo already did when he was a minister of Macri.” After analyzing the details that until now they know about the negotiation with the IMF, Guzmán has no doubts. The end of that money will be the same as the previous IMF loan.
• “(Luis) Caputo will bet again on financial speculation and favor those who are specular”. With this complaint, Guzmán pays the hypothesis that will be used to try to maintain low exchange rate with financial speculation.
• “When this debt is missing too, then they are going to go to the IMF again to pay maturities, and again another DNU and again the cost in the back of the town”. Before a sung end for Guzmán, the same story would be repeated. Impossibility of paying the new agreement with the IMF and, again, renegotiating with the international body, surely with the same methods.
• “If this barbarity, this shame ends up specifying, we must explain to the people that this debt is illegitimate and that a few will win again and lose the people”. In line with other sectors of union for the country (UP), the former Minister of Economy of the Front of all paid the position of ignoring this agreement in a hypothetical Peronist government.
• “The IMF is a political player who if he lends in these conditions to Argentina will be looking to favor in the short term the electoral chances of the government against the people.” Again, Guzmán reaffirmed the idea that it is a political agreement as happened in 2018.
• “Milei, I tell you: I tell you what you failed. And I don’t say it only, you said it years ago. Going to the IMF to borrow reveals the failure of the economic model and there you are you.” An agreement to only 15 months of government, under these conditions, are a sign, for Guzmán, of the obvious failure of the libertarian economic plan.