In the midst of the negotiation carried out by the government of Javier Milei, the former Minister of Mauricio Macri spoke of exchange flexibility, did not rule out a “band system” and talked about the funds that Argentina could receive.
Nicolás Dujovneformer Minister of Finance during the government of Mauricio Macri and responsible for the negotiation of the greater loan in the history of the IMF, considered that the administration of Javier Milei I could receive between U $ 6,000 YU $ 13,000 million of fresh funds if a new agreement with the multilateral body is signed.
In an extensive interview published this Sunday, Dujovne said that “The discussion with the background today goes through how much flexibility exchange supports Argentina”, in reference to the path that the ruling must travel towards an eventual liberalization of the stocks.
According to its analysis, the fiscal scheme already has consensus with the IMFwhile monetary and exchange goals are still discussed. In that sense, the economist anticipated that a Exchange band system with greater progressive amplitude throughout the program.
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Dujovne highlighted Milei’s tax achievements and talked about how many more dollars could Argentina receive
Regarding disbursements, Dujovne recalled that the 2018 agreement remained $ 13,000 million without executing, And he pointed out that this sum could be part of a new credit line, with an Argentina that today, he said, shows a fiscal improvement that would guarantee the future return of those funds.
On the current economic course, he praised the fiscal adjustment executed by Milei: “For the first time since 2008, the country finances its budget with what it collects “he said in an interview with Clarion. However, he warned that political risks are still present and that “Kirchnerism” continues to be a factor that increases country risk.
Finally, he considered key to advance in three structural reforms: labor, pension and tax. “There are industrial sectors that will not survive if they do not adapt,” said Dujovne, in line with the opening speech of President Milei.
Source: Ambito
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