The Minister of Economy, Martin Guzman, met again this Tuesday with the head of the International Monetary Fund (IMF), Kristalina Georgieva, in Washington, to advance with the negotiations for the debt for US $ 45,000 million that Argentina maintains with that organization. The Argentine government anticipates that the renegotiation would close in 2022. The head of the Palacio de Hacienda described the contact as “valuable”, while the head of the Fund considered it a “very good” meeting.
“Valuable meeting with IMF Managing Director @KGeorgieva to move forward in solving the unsustainable debt with the agency, ”Guzmán wrote on his Twitter social network account after finishing the head-to-head with Georgieva. The official also met with David Lipton, the main adviser to the US Treasury secretary, Janet Yellen, and a former Fund official. At that meeting was also Andy Baukol, who was acting secretary before Yellen’s arrival and a key man in the finances of that country.
The Minister of Economy also reiterated the need for the IMF to eliminate the surcharges that it applies to Argentina. “We hope that your leadership continues to take steps that change the ethos of the IMF, leaving behind that molded by the global financial power that contributed to a more unequal and insecure world for another that favors a sustainable development of the peoples. We will continue to help this, ”he said.
The meeting was also attended by the director for the Southern Cone before the IMF, Sergio Chodos; the deputy director of the Western Hemisphere Department, Julie Kozack; and the head of the mission for Argentina, Luis Cubeddu.
For her part, the head of the Fund stated on her twitter account: “Very good meeting today with @Martin_M_Guzman in Washington today. We hope to continue with our close work to address in a lasting way the challenges that Argentina faces and build a more sustainable and inclusive recovery ”, said the official on her Twitter account.
Martín Guzmán’s agenda in the United States included a meeting with his counterpart from Indonesia
The meetings held by the head of the Palacio de Hacienda are framed in the Annual Assembly of the IMF and the World Bank. Hours before meeting with Georgieva, he did so with the Indonesian Finance Minister, Sri Mulyani Indrawati. That country will assume the presidency of the G20 for next year.
As reported by the Ministry of Economy in a statement, the official “expressed the support of his country to the negotiation of Argentina with the IMF, and in the discussion in the executive board in relation to overcharges in the agency’s credits ”.
It was also detailed that “they worked on issues of mutual interest, especially for emerging countries, with special emphasis on coordinate development financing, in particular the sustainable development goals to finance climate action that will have an impact on greater equity in the world and poverty reduction, such as the redistribution of Special Drawing Rights (SDR) and the advancement of the Resilience and Sustainability Fund in the IMF ”.
“We hope to work on building international financing conditions for development that turn the page on what was an unequal financial architecture« Said Guzmán.
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