The President of the Nation, Alberto Fernandezmade his first statements after announcing the principle of agreement with the IMF (International Monetary Fund). “The criticism he made about how he granted the credit to Argentina back in 2018 is not enough”he expressed.
In that sense, Alberto Fernandez argued that the body “must make a deep self-criticismnot only to what happened in Argentina, but to its permanent policy”. At the same time, lawyer He also remarked that the IMF “brought plans to countries that ended up shocking entire societies.”
Source: (Neuquén Minute)
“Being in debt with the International Monetary Fund is not good and, therefore, one has to face that situation”added the teacher. As for facts, Alberto Fernandez He assured that “we must find a way to pay without this becoming an excessive sacrifice”.
Regarding the announced principle of understanding, he pointed out that Argentina reached “the best possible agreement” and explained that “It does not contemplate a pension or labor reform nor does it relegate social spending and investment in public works”. Along these lines, he was hopeful about the future.
Source: (Spanish RT)
deal details
The Nation’s Minister of Economy, Martín Guzmán, stressed that “Argentina was able to reach a policy agreement with the IMF without adjustment policies” and that the understanding will allow refinancing the debt “without undermining the development opportunities of our Nation”.
In principle, he announced that “exchange policy will continue in the line in which it has been carried out” and that there will be “no exchange jump.” He also explained that for 2022 a growth goal of the international reserves of 5,000 million dollars.
Source: (IP News)
“There will be a gradual reduction of the fiscal deficit on the basis of a recovering economy,” he indicated. Regarding inflation, he clarified that it will comply with “a set of policies that aim to promote the development of sectors that have the capacity to generate foreign exchange.
“There will be reviews and in each of them, disbursements. With these disbursements, the payments of the program agreed upon by the previous government will be made and the remainder will be used to accumulate reserves”, he pointed out regarding what will happen from now on.
