This Thursday the Government and the International Monetary Fund (IMF) closed the agreement that began to be negotiated since mid-January, so Martin Guzman referred to it.
The Minister of Economy In principle, he assured that the agreement is “the only possible way” for Argentina to come out of the crisis, since the current debt is unpayable, according to what he indicated. Martin Guzman.
In addition, Martin Guzman He asserted that the Government must assume the consequences of a loan that was requested in the last administration, and that left very negative repercussions on the country.
“No one from our political force likes that the IMF is in Argentina, but it was already there when this government took office,” adding that the debt “has done Argentina damage of a magnitude for which it is difficult to find precedents“.
This fact was also ratified by the same organization in its report, since after evaluating the situation it was possible to corroborate that most of the debt was due to capital flight.
In this sense, the Government only has to find ways to pay the debt assumed in 2018 by Mauricio Macri, which was achieved with the negotiation that must now be debated in Congress.
“We began to govern with a debt of US$44.5 billion and we did not have the reserves to pay it. So, the only way was to reach an agreement and that is what we did”, indicated the minister.
Martín Guzmán spoke about how the agreement will help reduce inflation
One of the greatest challenges for the Government in the midst of the economic crisis is to slow down inflation, on which the Economist noted that “inflation is the main objective of macroeconomic policy.”
Thus, the agreement will seek to accumulate greater reserves, reduce the fiscal deficit and give a more stable and continuous growth to the country in economic matters.
This in turn will allow the country to have greater autonomy and seek public policies that are aimed at the social, and that promote domestic supply to be more competitive.
