Alexander Wernerformer director of International Monetary Fund (IMF)referred to the exchange and monetary policy adopted by the Governmentwhich would be the reason for complicating the possibility of a new agreement with the organization.
”I think that clearly Argentina has to eventually sign a new agreement with the IMF. I think that Javier Milei’s government has made a fiscal effort that was unthinkable by external and internal analysts 18 months ago,” he explained in an interview with C5N.
In that sense, he assured that, regardless of the result of the United States presidential elections, the Government must sit down and talk to the organization.
Furthermore, he considered that Javier Milei “In this sense, it has put the Argentine economy on the path to solving one of the problems that has been at the center of this deep recession and stagnation that it has suffered and the Fund recognizes it very clearly.”
”Where I think there are important differences of opinion, it is in the exchange and monetary part that is probably holding back a new agreement,” concluded the official.
The IMF removed Rodrigo Valdés from the discussion with Argentina
At the beginning of September, the International Monetary Fund (IMF) confirmed that the Chilean economist Rodrigo Valdés, who headed the organization’s Department for the Western Hemisphere, would no longer lead the negotiations with Argentina. The decision comes after criticism that the president Javier Milei had expressed about the official.
“To better support the ongoing constructive exchange with Argentine authorities, Director Rodrigo Valdés has fully delegated program negotiations to Luis Cubbedu, the deputy director of the Western Hemisphere Department, and Ashvin Ahuja, the IMF’s head of mission for Argentina. “Detailed the Fund’s spokesperson, Julie Kozack at that time.
Milei had criticized the role of Valdés and his support to the previous management. “There was complicity with the previous government,” he said in an interview in Neura, where he considered that the Chilean “endorsed everything Massa did.” In that context, he had pointed out against the “bombs that they left planted to explode.”
“He doesn’t want Argentina to do well,” Milei said about Valdés, whom he had defined in a speech as “an IMF technician with links to the São Paulo Forum,” an organization that the libertarian questions as “socialist.”
The Government had been pressuring since mid-year to remove Valdés from the negotiations with Argentina. Last July, the IMF’s song had been different, with support for the participation of Michelle Bachelet’s former minister.
Source: Ambito
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