The president of the United States will raise the need to reform international credit organizations so that they better assist developing countries.
The president of USA, Joe Bidenwill advocate reforming the International Monetary Fund (IMF) and the World Bank (WB) The White House reported on Tuesday.
As it became known, during the upcoming G20 summit in New Delhiwhich will take place next month, the president will present his proposal, which aims for both international credit organizations better help the developing countries.
Biden “He’s really going to focus a lot of his energy there, on modernizing the multilateral banks development, including the World Bank and the IMF,” detailed the president’s National Security Adviser, Jake Sullivan.
The news comes at a key moment for the Argentinawhen the Minister of Economy, Sergio Massa, is located in the north country to hold meetings with White House officials and the director of the IMFKristalina Georgieva, with whom she is negotiating an extension of the disbursements planned for our country.
Let us remember that Argentina has asked the Fund for a agreement review reached in the framework of the negotiations debt that allows us to overcome the difficulties that this atypical year presents due to the droughtwhich caused them to enter US$20,000 million less to the Reserves of the Central Bank (BCRA) and to serve as a bridge until various ongoing projects mature, particularly those related to energy and mining, which will have a significant impact on the balance of payments from the country.
Source: Ambito
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