After his meeting with the Minister of Economy Martín Guzmán, the managing director of the IMF He referred to the progress in the negotiations of a new agreement with the Argentine Government. “The commitment of both parties to work constructively is there, “he said. Kristalina Georgieva.
“The work continues, which is based on finding a path so that Argentina can have firm policies that lead to increase private, to the generation of job genuine and focus on public spending, “added the managing director, recently confirmed in her position.
On Tuesday night Guzmán and Georgieva had a meeting with their teams. After the meeting, Georgieva stated: “We have to find a good point of agreement, which is credible and useful for Argentina, and to help its people ”. However, the economist did not give details on the date closing of the restructuring, which the Government already aspires to close in the first quarter of 2022.
No decision on an Argentine claim
On the other hand, Georgieva referred to the claim of countries such as Argentina to reduce the surcharges it charges for financing and argued that the IMF did not make a decision about. This week, it had emerged that the IMF decided to reject that request.
On the other hand, the head of the multilateral entity pointed out: “We decide nothing on the flight attendants, neither one way nor the other. We had an informal discussion in September, where some members of the Board of Directors had certain reservations about the possibility of making changes in the surcharge policy because they are concerned about the financial stability of the IMF ”. And he added: “Yes there was consensus in review surcharges periodically. We will continue to do so ”.
What Martín Guzmán said about the negotiation
Through a message recorded and broadcast this morning at the IDEA Colloquium, the Minister of Economy referred to the negotiation that for these hours he is carrying out in Washington with the staff of the multilateral organization. “We seek reach an agreement with the IMF that allows to refinance all these amounts, an agreement that is based on what is our vision of how to manage the economy and in that framework the negotiations take place ”, he assured.
“We have a situation of debt load that, in the anticipated times, according to the agreement stand by of the year 2018, Argentina cannot face. Having requested a loan of US $ 57,000 million, of which US $ 45,000 was disbursed, was absolutely incompatible with every path of payment capacity of the debt ”, indicated.
“When you have more debt in dollars it means less possibilities of expansion of economic capacity and more inflation, when dollars are lacking there is less growth and more inflation. It’s very simple then you have to solve it”, He explained.
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