Just arrived in Rome, the Minister of Economy Martin Guzman frown this Friday with the director of the International Monetary Fund, Kristalina Georgieva. It was a kind of preview of Alberto Fernández’s meeting with the head of the organization for the renegotiation of the debt.
Dinner was held at the castillo San’t Angelo, next to the Vatican, which in the last hours gave bad news to the national government for the refusal of Pope Francis to meet with the President.
In addition to Guzman and Georgieva, they dined at the same table the Queen Maxima of the Netherlands, who sat to the right of the Argentine minister; the Italian Finance Minister, Daniele Franco, his German counterpart Olaf Scholz, the Director General of the World Trade Organization (WTO), Ngozi Okonjo Iweala, and the EU Commissioner for Economic and Financial Affairs, Paolo Gentiloni, with whom Guzmán had had an earlier meeting.
After a week of campaign events in which he harshly criticized the Monetary Fund, Alberto Fernández will meet this Saturday with Kristalina Georgieva to try to advance in the negotiations for a new agreement for the almost US $ 45,000 million of debt with the organization.
The Executive seeks extend deadlines to avoid paying US $ 19,000 million in 2022, and another $ 18 billion in 2023 and about $ 5 billion in 2024.
Martín Guzmán asked in the G20 that the IMF’s Special Drawing Rights (SDR) be reallocated to countries like Argentina
Before his dinner with Georgieva and ministers, Martín Guzmán asked his G20 peers this Friday that the resources granted by the IMF to the countries in the form of Special Drawing Rights (SDR) are reassigned to those who need it, like Argentina.
At the Joint Meeting of Ministers of Finance and Health, Guzmán insisted on speed up the definition of “rules” to reallocate SDRs (IMF currency) received by countries that do not need it, in order to transfer them to those nations that are most underdeveloped.
“In many countries the new SDRs are owned and held by central banks and treasures cannot use them to finance the expenses necessary to face the pandemic. A mechanism must be found to solve this situation“, Held.
Guzmán also called for urgent measures to increase the global supply of vaccines, as the suspension of intellectual property rights related and assured that Argentina “despite the difficulties worldwide to access vaccines, has been vaccinating on a large scale.”
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