The president, Javier Mileiand the Minister of Economy, Luis Caputoare preparing for a crucial trip to New York, where they will participate in the UN General Assembly. This trip takes place at a time of great uncertainty and expectation surrounding the negotiations with the International Monetary Fund (IMF), an issue that has dominated the country’s economic agenda in recent months.
Javier Milei has been in the international spotlight since his election. His approach to the economy has been radically different from that of his predecessors, and his administration has been marked by attempts to implement deep structural reforms.
Luis Caputofor his part, is a veteran in the management of public finances and has been a key figure in negotiations with international organizations. The trip to New York is not only an opportunity for Milei to address the international community at the UN, but also an opportunity to advance talks with the IMF.
Argentina’s relationship with the IMF has historically been complicated, and the country has had to turn to the organization on several occasions for financial assistance. Argentina is currently seeking to renegotiate its program with the IMF, a process that has been slow and fraught with challenges.
The UN General Assembly is one of the most important diplomatic events of the year, and Milei’s participation is seen as an opportunity to present her economic and political vision to the world. Her speech is expected to reflect the same spirit as her speech in Davos, where she advocated a more liberal and less interventionist approach to the global economy.
However, beyond his speech at the UN, attention is focused on the meetings that Milei and Caputo may have on the sidelines of the event. Although there is no official confirmation of meetings with White House or IMF officials, these meetings are expected to be a crucial part of the agenda.
Talks
The presence of Caputoin particular, suggests that economic talks will be a priority. Negotiations with the IMF are a matter of great importance for Argentina. The country has been in a program for the past six years, and is now looking to renegotiate the terms to secure a new deal.
This would be the third program in this period, reflecting the country’s continuing economic fragility. The IMF has made clear that it expects a sustainable medium- and long-term economic plan from Argentina. The country’s high exposure to the IMF means that any new agreement will need to be carefully structured to avoid future debt problems.
