The credit rating agency said that IMF’s dollars will help out of the stocks but warned that the tariff effect can complicate the economic plan.
From the Credit Agency Moody’sone of the most important in the world, They highlighted as something positive the imminent agreement with the International Monetary Fund (IMF) for the objective of leaving the stocks. However, they warned that the global context can complicate the government’s economic plan.
“He Agreement of U $ 20,000 million With the IMF it is an important anchor that It will help Argentina prepare for the next phase of its adjustment, which implies the elimination of the stocks and capital controls. It will help stabilize international reserves levels, which have decreased in recent months, indicating a real exchange rate that has not found a sustainable balance, “said Jaime Reusche, vice president and senior credit officer.
However, he clarified that “the long -term panorama has overshadowed, since the real investment flows provided in the Argentine extractive sector, keys to stabilize external finances after the elimination of capital and foreign exchange controls, are now more uncertain due to the fall in hydrocarbons as a result of the tariff war.” “Argentina’s credit perspectives remain positive, although navigating the current global environment in the context of planned macroeconomic adjustment will be more challenging for the authorities”He deepened.
IMP
This Wednesday the presidential spokesman, Manuel Adorni, said the Next Friday the IMF will give the final approval to the agreement for US $ 20,000 million during a Board of Directors.
“Everything that had to be said has already been said, for us it is extremely relevant that the IMF is in the process of passing the agreement, that will end up approved on Friday “Adorni said. Thus, from the government they seek to finish ensuring a Total loan of US $20 billion although it is still unknown how much the initial disbursement will be.
Source: Ambito
