The economist Carlos Melconian He spoke this Saturday after the announcement of the Government on the agreement with the International Monetary Fund (IMF) And he said that the decision is “an urgent change” and that Social demand was not put to leave the stocks and “buy dollars.”
“This is an urgent change because there is a crisis. The Central Bank cannot lose US $ 5,000 million per quarter and reservations were less US $ 7,000 million. I always said that the situation was very good for the numbers that I saw, “said the economist.
Carlos Melconian said about the departure of the stocks and the agreement with the IMF
“Here comes a resounding change macroeconomically speaking and occurs because otherwise the program did not come out. The background puts money to self -control“Melconian said in dialogue with Radio Miter.
In addition, he added that “a totally logical demand is that you could not have unemployed dividends. A company can not say ‘come to invest’ and what he earns that he cannot get it.” However, it seemed an unexpected decision: “It is surprising because there was no social demand in leaving the stocks so that people can buy dollars. “
And he pointed out that this demand is concentrated in “Inflation and activity, in exchange stability” and that now “a financial clarification comes”: “They have given financial peace of minds to the payments abroad with this new armor.”
Among the repercussions after this measure, Melconian explained that “We go to another dollar, another inflation and another level of activity”: “This program and its modifications is a new commitment to markets. In inflationary matters, this is the game of the Oca, three lockers go back. “
He added that “Argentina has to have a stability plan and with the measures taken yesterday this will be for 2026. Because these are not for stability but to gain ground in what had been delayed, starting with the dollar. “
The IMF demanded structural reforms to the government to sustain the fiscal balance
He International Monetary Fund (IMF) confirmed on Friday the approval of a new agreement with the Argentinahe number 23 In its history, for a total of U $20,000 millionwhich includes an immediate first disbursement of US $ 12,000 million. The plan will have a duration of 48 months and will be under the framework of the Expanded IMF service (SAF).
In parallel, the director of the organism, Kristalina Georgievaindicated that the economic team of Javier Milei assumed the commitment to move forward with deep reforms in matters Taxof Copartitioning and of retirement systemas part of Adjustment scheme to consolidate the balance of public accounts.
Source: Ambito
