Between October 21 and 26, the Annual Assembly of the Fund and the World Bank takes place in Washington, where the minister will be present. What are the pending issues with the IMF.
The Minister of Economy, Luis Caputo, will disembark this Monday at the headquarters of the Monetary Fund in Washington DC with good news under his shoulder: from the drop in inflation to 3.5% in September to the drop in country risk to 1,050 points and the exchange rate gap at 20%.
The economic team will have these indicators to show the first fruits of its phase two of the adjustment plan (“zero emission”) during the annual meeting of the Fund and the World Bank. Over there, Ministers of Economy and central bankers from all over the planet will meet between Monday the 21st and Saturday the 26th and it will be a new opportunity to thaw relations with Georgieva and his number two, Gita Gopinath, after the latest tensions.
CAPUTO GEORGIEVA IMF G20.jpg
The minister will travel accompanied by his vice minister, José Luis Daza, the head of the Central Bank, Santiago Bausili, and the Secretary of Finance and his right hand man, Pablo Quirno. The officials will participate in talks with funds, banks and other countries, as well as meetings of the IDB, WB, G20 and G24.
Caputo is expected to resume talks with the agency where the review of goals for the second quarter is pending. In this framework, the possible unification of said audit with that of the third quarter is not ruled out, two instances that, if approved, will allow the disbursement of US$1,069 million.
Of the goals that the organization may require, the Casa Rosada registers a fiscal surplus greater than the agreed one, but It would still have to add about US$2,000 million to the reserves. Now, however, you will have the opportunity to reach November 10 with more room for negotiation when the deadline for the tenth review becomes effective.
A slide that reaches Washington: Daza and the priority of the financial order
It is not the first time that Minister Luis Caputo travels to Washington in the second part of the year. Strictly speaking, the trips have been permanent, both for secretary Pablo Quirno and the rest of the team. In the last 15 days, the envoy was Vice Minister José Luis Dazaa great connoisseur of that city, because it was where he did his doctorate (Georgetown). Daza is an economist, he has known Luis Caputo for more than 30 years and was one of the founders of the investment fund QFR Capital Management together with Demian Reidel, the head of the council of economic advisors of President Javier Milei, and David Sekiguchi, Kristen Boyle and other investors.
Minister and vice minister think the same way. They maintain that both the financial and economic fronts are two areas that, although related, admit a different analysis in each case.. Strictly speaking, in the Argentine case, they maintain that the main crises of the last 30 years have not arisen from the economy, but from the financial system. Therefore, it is understood that the priority has been placed precisely there, leaving aside the fate of economic activity. They privilege fiscal surplus, a reduction in country risk and intervention in the exchange market over any other control tool or incentive policy.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
