The Minister of Economy, Martín Guzmán, considered this Monday that the understanding with the IMF would allow “building certainties in a context of uncertainty”, while celebrating that the agreement “is discussed in Parliament” because it is a “process that enriches us.”
Speaking this afternoon in a plenary session of Senate committees, Guzmán recalled that “the aim is to address the problem that arises for Argentina in the balance of payments as a result of the standby reached in 2018.”
The Economy Minister explained that the complex international situation, as a result of the pandemic and the conflict between Ukraine and Russia, produces “significant impacts on international prices that directly impact food in the country.”
In that sense, the understanding with the IMF would allow “building certainties in a context of uncertainty”, based on “being able to count on financing to meet agreed maturities in 2018 and give continuity to the strong economic recovery that Argentina is experiencing”said the minister
Likewise, Guzmán stressed today that the agreement reached by the Government with the IMF staff is “different from the previous ones”, since “It does not foresee a labor or pension reform, none that takes away rights”when presenting in a plenary session of Senate commissions.
“From the macroeconomic point of view, the agreement has three objectives: the accumulation of international reserves, a fiscal path and monetary strengthening,” Guzmán explained in his presentation before the representatives of the upper house.
In another section of his presentation, the head of the Palacio de Hacienda expressed the need for the agreement with the IMF to have “broad support” from Congress, when presenting this afternoon in a plenary session of Senate commissions.
“It is not healthy that a government in office can act without broad support,” Guzmán said.to later emphasize that a contrary situation “implies the possibility of following a very harmful path for the Argentine Nation.”
After remarking that “being able to give it legislative treatment was of great value,” he assured that the fact that “for the first time in Argentine history we can have this debate is a step forward for our republic when it comes to strengthening ourselves as a nation state.”
