“Courage. Temperance in the difficult. Talent, order and humility,” wrote Sergio Massa after Argentina’s victory over France in the World Cup final in Qatar at the start of the week in which the International Monetary Fund (IMF) board ) will meet to approve the draft of 6,000 million dollars to close the year and the objectives for 2023.
The IMF was no stranger to the World Cup final, where its deputy director, Gita Gopinath, was quick to congratulate the Albiceleste on their victory. “Congratulations Argentina”, she wrote with a photo of the celebration of Lionel Messi. With the Christmas draft, the Government must cancel maturities with the IMF for 675 million dollars before the end of the year and another 2.730 million dollars in January.
While the consultancies doubt that the Economy will be able to raise the 3,000 million dollars expected by launching the ‘soybean dollar 2’, the Government is confident of reaching the goal of accumulating reserves while complying with the fiscal objective, one of the pillars of the mass management.
“We are closing the year exceeding more than 7,000 million dollars of available reserves,” the official assured Radio 10. After the 4.9% marked by the CPI in November, Massa continued closing price agreements in exchange for access to foreign currency.
This week, meanwhile, he will send the new laundering bill to Congress. “I advise those who have accounts abroad to regularize their situation with the AFIP,” he emphasized.
With a view to 2023, with the approval of the board of directors, which will analyze the recommendations of the technical staff on Argentina, there will be signs from the IMF, which recommends slowing down demand to continue reducing the inflation rate, which for economists could put growth at risk .
The World Cup, meanwhile, brings a good one in terms of GDP: the soccer world champion “tends to enjoy an additional 0.25 percentage point of economic growth in the two quarters after the tournament,” according to a study by the University of Surrey by the impact on exports.
In any case, the head of the report, Marco Mello, clarified that the existence of pre-existing economic problems may limit the benefits that come from winning the FIFA World Cup, according to Bloomberg.
The Argentine National Team beat France in the 2022 World Cup final in Qatar and was crowned with its third trophy and a juicy prize of 42 million dollars awarded by FIFA.
