Liliana Franco report.-
The Minister of Economy, Luis Caputo, will travel to Washington, United States, to participate in the assembly of the International Monetary Fund and World Bank that will take place from April 21 to 26. Thus, the official will meet again with the authorities of the international agency just 10 days after the new agreement is confirmed, for which Argentina will receive U $20,000.
The IMF Assembly will begin next Monday in the framework of the spring meetings of the financial body. The Argentine delegation will travel less than a week, after receiving the first disbursement of the agreement for US $1,000 million, which raised the reserves of the Central Bank of the Argentine Republic to almost U $ 36.8 billion.
Luis Caputo travels to the US to meet with the IMF
The government’s environment confirmed the trip of the Minister of Economy. In this way, the Argentine delegation will be composed of the own Caputo, Quirno and Bausilialthough other officials can still be added. For his part, this time, the president Javier Milei will not travel to the United States.
The IMF assembly and the World Bank and the presence of the Argentine delegation will be given in a particular context for various issues. First, Caputo’s participation will be given 10 days after signing the new agreement almost a week of receiving the first disbursement for US $ 12,000 million, equivalent to 60% of the total U $20,000 million. After this, the net reserves ceased to be negative after several months and went on top of the US $ 4,600 million, from the almost U $ 7.9 billion negative.
But, in addition, the assembly will present the report of the World Economics Perspectives (Weo). In detail, The study evaluates the world, regional and countries, to offer growth or fall projections.
In this sense, the report will be given in a Context of International Trade Revolution due to the announcements of US President Donald Trump and the subsequent tariff war that broke out between the United States and China. Beyond the agenda, the central debate is expected to revolve around what impact this conflict will have on the world economy. It should be remembered that the Asian giant is part of the IMF, so that important authorities of that country will also say.
According to IMF: the first disbursement and BCRA reserves entered almost US $ 36.8 billion
Finally, during last Tuesday, the loan disbursement with the IMF for a total of US $1,000 million, 60% of the total amount of the agreement entered the country. The fact gave him relief to beaten reserves of the Central Bank (BCRA), and adds fire to defend the exchange rate in the upper limit of the band, initially set with the body in $ 1,400 (with an update of 1% monthly).
Indeed, the gross international assets of the monetary authority In the day US $12,494 million and touched the US $ 36,799 million, The highest level in the Milei era, After marking a minimum in 14 months on Monday (US $ 24,305 million). The multilateral agency last Friday approved a new credit for US $ 20,000 million to endorse a new economic program, regardless of the current U $ S44,000 million.
Milei and Luis Caputo.jpg
In turn, net reserves ceased to be negative after several months and went on top of the U $ 4,600 million, from almost US $ 7.9 billion negative.
The IMF will not be the only “fresh money” that enters the BCRA reserves during April. After the disbursement of US $1,000 million, from Casa Rosada they expect the arrival of the US $ 1.5 billion of other international organizations (World Bank and IDB) and a repo of US $ 2,000 million with banks, for the next few days.
The scheme agreed with these agencies also contemplates the arrival of US $ 4,100 million for June (US $ 2,000 million of the IMF YU $ 2.100 million of other organizations) and about US $ 3,500 million for the second semester of 2025 (US $ 1,000 million of the YU $ 2.5 billion fund of the rest of the entities).
Source: Ambito
