2023-07-13 16:28:00
The International Monetary Fund (IMF) confirmed this Thursday that the teams from Argentina and the organization “are working intensely“to reach an understanding between the parties that allows reformulate the existing program and complete the fifth revision, although he did not give a precise date on when it would happen.
Julie Kosacka spokeswoman for the agency, said that the IMF is focused on “helping the authorities to face a very complex and challenging situation.”
And among other things, he stressed that in the negotiations “andThe focus of these discussions are alternatives to strengthen the program of the authorities” stressed that “the focus of these discussions are alternatives to strengthen the program of the authorities.
While recognizing the impact of the drought on the economy, and this includes reviewing policies to safeguard stability, strengthen reserve accumulation, improve fiscal sustainability, and safeguard the most vulnerable“, Koszack said at a press conference.
Massa’s entourage travels this Wednesday to close the agreement with the IMF
Likewise, the spokesperson denied that the organization had received a letter from China -a member of the board- in which, supposedly, the institution was urged to reach an understanding with Argentina, given that, otherwise, it would help the country to finance the maturities that it must face until the end of the year.
Kroszac said that the IMF is focused on “helping the authorities to face a very complex and challenging situation,” added the agency official.
When consulted by a version that circulated in the media of a letter sent to the Fund’s board by the director of China in the organization, Zhengxim Zhang, in which he would have implied that if the negotiations with Argentina continue to be delayed, China would be willing to enable Argentina the second tranche of the swap and thus be able to pay the maturities, Kozack denied it. He just said that “our understanding is that there is no such letter”.
On the other hand, she also did not specify the deadlines for the negotiations and, asked if they might finish before the American summer recess, which begins in August, Kozack said that “the teams are working intensively to complete the fifth review.
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