The Minister of Economy, Luis Caputo, will travel to the United States on Tuesday to participate in the spring meetings of the International Monetary Fund (IMF) and the World Bank (BM) and Wednesday will meet with the head of the agency, Kristalina Georgieva.
Unlike previous occasions, Caputo will arrive in Washington with the institutional support of the IMF, after the agreement for US $20,000 million, which served to strengthen the BCRA reserves and consolidate the fiscal adjustment carried out by the Government in its economic plan.
The economic team that will accompany Caputo will be composed of Santiago Bausili (President of the BCRA), José Luis Daza (Secretary of Economic Policy) and Pablo Quirno (Secretary of Finance), who were central part of the last negotiation with the IMF.
In addition, other members of the Cabinet will travel to the US capital with their own agendas: Federico Sturzenegger, Minister of Deregulation, will participate in a panel on economic growth in times of uncertainty, and Patricia Bullrich, head of security, will expose on the links between transnational crime and the economy.
Minister Caputo will also participate in G20 activities, whose presidency this year exercises South Africa. A tense environment is expected, due to the commercial policy of the United States, which generates resistance among member countries, in addition to the unlogged relations between Washington and Pretoria.
The official will also present in a private meeting with international investors organized by JPMorgan, where he will explain the pillars of the Argentine adjustment, his sustainability and the effects that the current tariff war between the United States, China and the European Union could have on the local economy.
At the moment, from the government a meeting with Treasury officials or the United States Department of Commerce, such as Scott Besent or Howard Lutnick, was not confirmed, although it was expected to advance on commercial issues and in an eventual expansion of the Typha Agreement between the two countries.
Caputo celebrated the decline of the dollar and challenged his critics: “What we said was going to happen”
He Official dollar deepen This Monday his tendency to low. Thus, the exchange rate wholesaler It already drilled the level prior to the debut of the flotation scheme between bands agreed with the International Monetary Fund (IMF). Luis Caputo took the opportunity to challenge those who had questioned their exchange management policy.
“Once again, we did what we said we were going to do, and what we said was going to happen,” He boasted in a message posted on his social network X.
The minister echoed, this morning, that The dollar quoted for “under the officer, prior to the departure of the stocks”. “We would have to wait A cataract of colleagues and journalists apologizing To tell the people we had devaluedbut surely it will not happen, “he said.
In that context, the Retail official dollar falls to $ 1,052.35 for purchase and $ 1,108.89 for sale in the average of the financial institutions published by the Central Bank (BCRA). In the segment wholesalerwhich is the reference of the official market, the dollar operates a $ 1,079that is to say, 4.9% below last week closure.
As for the future dollarcontracts re -operate with important falls of up to almost 6%. The setbacks mark the expectation of the market that the official dollar deepens to accommodate further down at least in the short term. For example, the position to April is located at $ 1,085.
Source: Ambito
