The director of the International Monetary Fund, Kristalina Georgievahighlighted growth expectations for Argentina in the midst of a global situation characterized by tensions – product of the commercial war between China and the United States – and a deceleration of economic development. “ Growth projections for Argentina for this year are 5%”, assured.
Georgieva Kristalina’s forecasts for Argentina
During his opening words, Georgieva described the global situation and the policies that can contribute to the growth of countries, amid a climate of tension in international commercial relations as a result of the tariff announcement of the US President, Donald Trump. In this scenario, the head of the Fund put Argentina as an example of economic progress despite the complex international board.
“Argentina last year had negative growth. Inflation was through clouds and poverty grew. Now, the country controlled its finances. The government is acting with great discipline and firmness with the reforms, and where we are today, growth projections for Argentina for this year are 5%,” he said.
Georgieva supported the management of the Government of Javier Milei and said that “a bit may be reduced (the projections), but from the 5% (growth) recession, and two -digit inflation we pass to a digit monthly; A low digit. And most importantly, 50% poverty to less than 40%. ”
Despite the good comments towards the country, it should be noted that the IMF report through which the staff approved the new agreement with Argentina is, at times, contradictory. In this text, fund economists recognize that the Expirations profile that the country led by Milei must face will force Argentina to a new financing bridge around 2030 and does not rule out the possibility of “sovereign tension.” In this sense, the Director of the Department of Strategy, Policies and Evaluation (SPR) of the agencyCeyla Pazarbasioglu, publicly expressed its differences with the agreement based on the Lack of sustainability.
Prior to referring to Argentina, Georgieva referred to the challenges facing the world economy, in a global deceleration context. Thus, the IMF director foresaw that, despite the international tensions that are currently lived and macroeconomic difficulties, the IMP He is committed to helping countries manage their macroeconomic adjustments.
In this sense, the economist mentioned that, currently, 48 countries depend on different IMF support programs for the management of Your payment scales. Among all of them Argentina is, by broad difference, the country that has the most dependency of international financial body.
Thus, the IMF spring sessions will officially start next Monday in Washington. It is expected that Caputo and Georgieva are To take stock of the first financial and economic repercussions, after the signing of extended facilities credit – which will imply a total loan of U $20,000 million –the disbursement of the first US $ 12 billion and the flexibility of the stocks.
Luis Caputo travels to the US to meet with the IMF
The Minister of Economy is already in United States next to a delegation completed by Quirno and Bausili. For his part, this time, President Milei was not part of the group that travels to meet with the fund authorities..
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 perspectives of the world economy (Weo). In detail, the study evaluates the world, regional and countries, to offer growth or fall projections.
Source: Ambito
