A new support for Argentina comes from Washington. Kristalina Georgieva, holder of the International Monetary Fund (IMF)highlighted the positive results of the economic plan implemented by the management of Javier Milei.
“We saw that when the program was announced, the immediate impact on the markets was positive,” Georgieva said before a question asked by an Argentine media at this Thursday’s press conference in Washington. He recalled that: “There is a very important opportunity for Argentina in a hungry world for what Argentina produces, both in agriculture and minerals, miners, gas, lithium.”
Then and, as questions and answers, the fund holder analyzed which are the possible risks facing the country. According to Gerogieva, one of the risks for Argentina would be if it is alone in this macroeconomic stabilization.
The IMF holder is answered: “Now the country is not alone. We are there, the world banking is there and the Inter -American Development Banking is intensifying its presence. ”
“What are the risks?” He wonders. In this case the answer divided it into two. The first aspect he pointed out is an exogenous factor: “A worsening of the world environment that will affect Argentina negatively impact on equal terms.
The political issue was also mentioned by the head of the IMF: “Domestically, the country will have elections, as they know, in October, and it is essential that it does not derail the will to change. So far we do not see that this risk materializes, but urges Argentina to maintain the course.
In another section of his response he rescued the reduction of the State’s weight and recommended to witness an exhibition that Federico Sturzeneger will carry out. “Today we will have a global debate and Federico will be one of the exhibitors to talk about intelligent regulation, how to make the economy more vibrant without being an obstacle to private initiatives. ”
Meetings
So far this week there was another important support formulated by the Treasury Secretary, he also expressed his support for Argentina.
In particular, the explicit support of a possible help in case the country needs it is rescued in market analysts. “If Argentina needs it, in case of an external shock and if Milei keeps the course, we would be willing to use the FSE,” said Scott Besent in reference to the United States Treasury Exchange Stabilization Fund. This assertion by the Secretary of the United States Treasury was said in a closed meeting to investors.
Meanwhile, on the occasion of its presentation before the Institute of International Finance (IIF) rescued the action of the IMF. “When IMF loans are carried out responsible, they are fundamental for their contribution to the world economy: when the markets fail, the IMF intervenes and facilitates resources. In return, countries implement economic reforms to solve their balance of payments and boost economic growth and boost economic growth,” said Bessent. And then put an example to Argentina: “I was in Argentina earlier this month to demonstrate US support for IMF efforts to help the country restructure financially. Argentina deserves the support of the IMF because it is making real advances in the fulfillment of the financial parameters ”, The American official concluded.
It should be remembered that this Wednesday the Minister of Economy, Luis Caputo He held a 20 -minute encounter with Kristalina Georgieva, where they analyzed the impact of the new measures applied in exchange matters. These meetings are given within the framework of the spring meeting carried out by the IMF in Washington. During the meeting, which also participated by the Deputy Minister José Luis Daza, the Secretary of Finance, Pablo Quirno, the president and vice president of the BCRA, Santiago Bausili and Vladimir Werning and the Argentine representative before the IMF, Leonardo MadcurThey also talked about the importance of the IMF in their role to preserve international financial stability especially supporting countries with good policies such as Argentina.
Source: Ambito
