Pablo Moyano was in favor of the modifications of the agreement with the IMF

After the Ministry of Economy announced that the goals for this 2023 were modified with the IMF (International Monetary Fund), La Cámpora criticized the decision and questioned the government’s actions; however, Pablo Moyano supported this measure.

The Guild Leader He stated that, although he has always been against negotiating with the agency, at this time the country has no other way, so Pablo Moyano He stressed that Minister Sergio Massa’s decision was correct.

The Central Bank has lost reserves for more than US$1.4 billion so far this year.

“The Government is doing what it can. Who wants to agree with the IMF? Nobody. It was the last alternative that the Minister of Economy had, if Argentina does not explode, let’s be realistic”, he explained Pablo Moyano.

And he added: “This is the reality that our country lives. Nobody likes having to go to meet every two by three with the Fund to agree, but it is what our Government has to face and unfortunately it is the situation that this unpresentable person has left us (by the former president, Mauricio Macri) ”.

Macri left a debt with the Fund for 44 million dollars.

In this context, the trade unionist remarked that the situation that the organization is experiencing today is a consequence of the indebtedness left by former President Macri, for which he blamed him for the effect that this has caused on the country’s economy.

“Macri is the one who left the atomic bomb, the one who should be putting up a face for the agreement with the IMF and rendering accounts to the Argentine people to explain what he did with that multimillion-dollar loan.”

Moyano did not support the criticism of La Cámpora.

It should be remembered that the Secretary Deputy of the Truckers union has defended Massa’s management on several occasions, and has stated that the minister is doing his best to try to get the country to overcome the current economic crisis.

What did the government agree with the IMF?

The Government agreed this Monday with the IMF a reduction in the goal of accumulation of international reserves for this 2023, as a consequence of the effect of the drought on exports and the global economic crisis due to the war in Ukraine.

the new deal

In this sense, the parties they agreed to reach the end of the year with an accumulation of approximately US$2,000 million less than the initial proposal, that is, US$9,800 million; however, the goal to be met each quarter was not specified, since the new agreement is still being reviewed by the agency’s staff. Additionally, a maximum deficit equivalent to 1.9% of GDP was ratified for this year.

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