He specified that “these conversations continue, the technical staff of the Fund is working very closely with the Argentine authorities to reach an agreement at the level of the technical staff”.
He recalled that the technical staff of the Fund and the Argentine authorities reached an understanding on key issues to achieve a support program of the agency, as was reflected in a recent statement. These agreements include the fiscal path to improve public finances and monetary financing of the deficit.
also mentioned “the understanding on the sustained reduction of economic subsidies and on mobilizing external support to strengthen the resilience of the Argentine economy”.
It should be remembered that last week the tariff segmentation plan prepared by the ENRE was made known, but that it has not yet begun to be implemented. Meanwhile, the Ministry of Economy told Ámbito that “the program is in process, there are significant advances but it is still missing”,
Returning to the press conference, Rice considered that “The approach is realistic, pragmatic and credible to design a program for Argentina that will strengthen the macroeconomic stability of the country and begin to address the profound challenges it faces”, the official explained.
Negotiation stages
“The next step will be to reach a staff level agreement that will be announced. Then the next step is that the program proposal will be submitted to the Board that will make the final decision”, Rice specified.
Regarding the arrival of a mission to the country, a requirement for signing the agreement with the staff, the spokesperson said “I don’t have a date for a mission”but insisted that “The discussions are going on very intensely, I don’t have a specific date when an agreement with the staff will be reached. But it will be as fast as possible, we are working in this direction”.
Ambit consulted Rice on the president’s remarks Alberto Fernandez regarding that “the next due date with the IMF is not a problem” and on whether the agency planned to postpone the due date of the mid-March payment for some 2,800 million dollars. The spokesperson’s response was: “I am not going to speculate on other alternatives, we focus where we are because progress has been made in the understandings, the discussions continue”.
The spokesman avoided referring to the technical details of the negotiations, “We never do it, I am not going to go into details of what is being discussed”he emphasized.
Meanwhile, the minister Martin Guzman will travel to Indonesia in the next few days to attend a meeting of finance ministers of the G20. The announcement of the trip surprised when there are only a few weeks left before the culmination of the understanding with the IMF and its approval by Congress and the Board of Directors of the organization .
This meeting will also be attended by the deputy director of the IMF, gita ginopaht. For its part, the head of the organization, Kristalina Giorgievawill participate virtually.
Source: Ambito
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