He government He has gone to international banks and credit agencies to sustain a financial model that is reaching its limit. The IMF loan that was taken a few months ago, now follows new credits with other agencies.
He government He has recently signed three DNU to take debt to the IDB for a total of 1500 million dollars. This debt package is aimed at a program that is not entirely clear and could serve other purposes.
Through the signing of three new decrees, the administration of Javier Milei has acquired responsibilities for 1500 million. According to what is known, these amounts would go to the support program for regulatory reforms for competitiveness. The ambiguity of this program has raised great concerns and suspicions.
Many consider that this new loan will “iron” the dollar for the elections in a couple of weeks. The commitments assumed are added to the fantastic and millionaire sums that Casa Rosada acquired with the IMF.
The fact that a new debt has been added is one of the possible reasons why the president’s positive image has fallen loudly in recent days, touching the 67%. It is that, on more than one occasion, in archival material, the president mentioned that going to the IMF is evidence of the failure of a government.
At the moment, the exact whereabouts of that amount of money is unknown, but what is speculated is that it will serve for capital escape, the virtual support of the “cheap” dollar and the payment of debt maturities.
The crossroads
He government It manages for these hours terrible debt numbers, as well as credibility in the measures taken. The social thermometer is reaching a limit in which several voters have expressed their regret for the new political model.
Many LLA officials have abandoned the party, since a great defeat is expected in the districts that will compete in the next September elections. The panorama becomes increasingly complex for the president’s assembly.
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