2024-01-11 00:38:43
Luis Toto Caputo, Javier Milei’s Minister of Economyannounced this Wednesday night the agreement reached with the International Monetary Fund (IMF) that maintains the program with the international credit organization is in force, following several meetings between the parties to reach a common point. This way, the allocation of funds for 4.7 billion dollars was confirmed.
Accompanied by the owner of the Central Bank, Santiago Bausilithe minister Caputo indicated that the funds will be used to pay capital maturitiesrefloating like this the previous agreement with the IMF, which the government of Alberto Fernández had signed y “that was down”as confirmed by the official.
As explained Toto Caputothis resolution with the IMF «is not a new agreement. The previous agreement has been revivedwhich was fallen by failure to meet goals«. «Refloating this agreement required a greater commitment to compensate for what was the loss of credibility in particular occurred in the last two quarters,” said the Economy Minister.
Regarding the government of Alberto Fernandez, Caputo indicated that “given the crisis scenario that we received, in which we had to make a payment to the IMF itself a week following assuming The money was not there, the most viable alternative was to do what we did, get the money to pay the Fund. If we wanted to go to a new agreement and ask for new funds, the IMF is open to that possibility«.
Regarding the opportunity to receive a new contribution from the International Monetary Fund, Caputo argued that “if “Eventually, that possibility will be needed, the possibility is there and the Fund is open to exploring it.”
“Honestly We believe that the country must solve its financial problems by solving its underlying structural problems.what is the addiction to fiscal deficit, which is what ends up generating the problems that society later suffers from. We are confident that we are on the right path,” commented the Minister of Economy.
News in development…
1704934483
#agreement
