Washington, Oct 13 (EFE) .- The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, assured this Wednesday that discussions continue for “a useful and credible agreement” with Argentina, although she avoided giving deadlines on when a covenant.
Georgieva, who met on Tuesday with the Argentine Minister of Economy, Martín Guzmán, made these statements at the press conference at the beginning of the annual meeting of the Fund and the World Bank (WB).
“We have to find a good point of agreement, where the agreement is credible and useful for Argentina,” said the Bulgarian economist.
Again, he insisted that the objective is “to find a path so that Argentina can have firm policies to induce private growth, generate genuine employment and promote a good use of public resources.”
However, Georgieva avoided committing and offering a deadline to reach this agreement, despite the fact that talks with Argentina have dragged on for almost two years now.
In its “Global Economic Outlook” report presented this Tuesday by the Fund, projections for Argentina estimate growth of 7.5% this year and a slowdown to 2.5% in 2022.
The Government of the Argentine President, Alberto Fernández, intends to reach an agreement with the IMF for extended facilities, with lower interest rates and payment terms of at least 10 years, to refinance the debts contracted with the organization based on the financial assistance agreement. sealed in 2018, during the previous Executive of Mauricio Macri (2015-2019).
That agreement stipulated loans to the South American country for up to 56.3 billion dollars, the largest in the history of the Fund, of which 44.2 billion dollars were finally disbursed.
Last September, Argentina, which faces complex macroeconomic imbalances and lacks access to financing in international markets, canceled the first capital payment foreseen in the agreement, for 1.88 billion dollars.
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