President Alberto Fernandez seeks businessman endorsement by the agreement with the International Monetary Fund (IMF) for the reformulation of the payment of the US $ 45 billion with the multilateral body. On Tuesday, he led a meeting with executives at the Casa Rosada, which was set up by the head of the Chamber of Deputies Sergio Massa and in which the Chief of Staff also participated Juan Manzur and the Minister of the Interior Eduardo “Wado” by Pedro. Another axis of the meeting was what will happen “the day after” the legislative elections of November 14.
At the meeting, which lasted three hours, the businessmen gave a “kickback” and raised issues such as inflation, how to create jobs or the decree that prohibits layoffs, which – they say – causes employers not to dare to hire staff. They also called for an anti-inflationary and growth plan. One of those present was the businessman and former deputy Francisco de Narváez, who spoke for about an hour.
The Government tried to show that “there is no rancor” with the business sector. The position of the leaders of the Executive was to ask the executives to come out to speak, to convey that “there is no harassment” against the sector and that the right to property will be respected, all signs that point to the IMF.
The Casa Rosada wants to give a sign of moderation and the absence of the head of La Cámpora and the block of the Frente de Todos en Diputados was resounding Maximum Kirchner that they say could not go. The Vice President’s Son Cristina Kirchner He had previously participated in meetings with businessmen in which Massa and Pedro were also present.
Why is it “unlikely” that an agreement between Argentina and the IMF is what Martín Guzmán and Cristina Kirchner want
Economy Minister Martín Guzmán and Vice President Cristina Kirchner (Photo: Reuters – Juan Mabromata).
Prior to the meeting between the Minister of Economy Martin Guzman and the managing director of the International Monetary Fund (IMF) Kristalina Georgieva, the head of the Palacio de Hacienda and the president of the Central Bank Michelangelo Pesce They met with the team of technicians of the multilateral organization.
There are those who consider that it is “unlikely” that an agreement for the repayment of the loan of US$45.000 millones sea on the terms they want Guzmán and the vice president Cristina Kirchner, advancement TN.com.ar. Argentina does not want adjustment, it demands a reduction of surcharges that the country faces due to the debt with the multilateral and that the repayment term is 20 years.
According to the specialized medium Bloomberg, the Fund’s board ruled out discussing a temporary relief in the extra commissions the country pays for its record loan. Guzmán and Pesce’s economic team assure that there are no definitions on the subject.
These proposals collide with what was reported by the agency Bloomberg Regarding the fact that in an informal meeting held last month, the Fund rejected the possibility of cutting surcharges, it confirmed that the loan repayment term is ten years and that there should be a fiscal adjustment. In that sense come with good eyes to the Minister of Economy.
The IMF technicians also stated that Argentina has to have “a coherent plan” and they don’t want there to be a big gap from an official dollar to $ 100 and the parallel to $ 190.
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