The president Javier Milei recently met with the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, in Washington. This meeting took place in the context of Milei’s visit to the US capital to attend the inauguration of President Donald Trump.
The main objective of the meeting was to refine the details of a new agreement with the IMF, which would include a disbursement of at least 11 billion dollars for Argentina. Georgieva described the meeting as “excellent” and praised the reforms implemented by Javier Mileihighlighting the significant progress that Argentina has made in reducing inflation, stabilizing the economy and economic growth.
The director of the IMF also announced that a team from the organization will visit Argentina next week to advance the negotiations of the new agreement. The meeting between Milei and Georgieva occurred against a backdrop of adverse weather conditions in Washington, with rain, snow and sub-zero temperatures.
Despite this, the meeting was productive and both sides expressed their commitment to working quickly on the new program. Georgieva praised Milei’s reforms and expressed her desire to work quickly on the new program. According to her, the result of these negotiations will be a more prosperous and dynamic Argentina.
The IMF director also highlighted that Argentines are beginning to feel the benefits of the reforms, with a reduction in poverty and a growing economy. The meeting took place at the hotel where he was staying Mileia few blocks from the IMF. Georgieva arrived at the hotel in a black van and, at the end of the meeting, stopped briefly to speak to the journalists waiting for her.
During this brief interaction, Georgieva reiterated her satisfaction with Argentina’s progress and her commitment to work quickly on the new program. He Government Argentina seeks to secure a disbursement of 11,000 million dollars from the IMF to alleviate financial pressures and exit the exchange rate without problems.
Reservations
Argentina’s net reserves are negative, making this disbursement crucial to stabilizing the economy and guaranteeing sustained growth. The latest report of IMF Regarding Argentina, the Ex Post Evaluation of the 2022 agreement was very positive regarding the policies of the current Government.
The report highlighted the effectiveness of the measures to deflate and stabilize the economy, although it also pointed out differences in terms of the interest rate and the exchange rate. He IMF He urged progress in removing the stocks and highlighted the importance of guaranteeing a positive interest rate to maintain external balance.
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