2023-07-17 21:11:32
Negotiations with the IMF have the market expectant, given that there are possibilities of falling into default due to debt maturities with the international financial institution, the journalist Liliana Franco confirmed to this medium that, “lThe expectations of the Ministry of Economy are that this Friday the new goals of the current agreement can be closed”. All the goals of the first semester were unfulfilled “and I doubt that we will meet the next goals as well, and the Fund also knows this”.
Despite this, “The Fund would agree to make a disbursement for a geopolitical reason and here comes the United States”besides “The Fund does not want to be responsible for an eventual push to Argentina into a currency run” and the role of Chinawhich has to do with permission to pay the debt with Yuan, Franco explained.
Then the specialist affirmed that it is possible to pay with Yuan because that is what the IMF organic charter establishes, “the problem is China authorizes that”, which she ended up doing.
Regarding the new agreement, Franco explained that the goals of the fiscal adjustment were not met because in an electoral year and with a candidate minister it was “asking for pears from the elm tree”, for which it is expected “a new agreement lighter than what already exists, that is to say that they advance funds and not fresh money”because it would seem that “The uncommitted IMF funds would be around 8,500 million dollars, that is, the two payments corresponding to June and September, and in December with a new president we will talk to whoever is elected“, he indicated.
However, for the interviewee “One point where they are going to become inflexible is in the exchange rate gap and from the Government, for me, they are going to respond with a soybean dollar 4″.
Finally, Liliana Franco expressed: “I am inclined to think that there will be an agreement“, this is because “The United States does not want to disenfranchise the region” and what’s up “an interest of China to help with its positioning, and Sergio Massa is doing is taking advantage of this fight that exceeds Argentina.”.
1689629762
#Liliana #Franco #IMF #lighter #agreement #exists