The International Monetary Fund (IMF) confirmed this Thursday through its spokesman, Gerry Rice, that the objectives that were agreed in the program for Argentina “remain unchanged”prior to the first review of the agreement, and maintained that the technical teams “were working virtually” and “there was good progress in the talks.”
“I would characterize the state of discussions on the first review as good progress being made,” Rice told a news conference, stressing: “We hope to communicate soon about the conclusion of the mission.”
The IMF spokesman stated that “the objectives remain unchanged”, because the Fund intends to “prioritize the policies that allow compliance with the objectives and goals of the agreement”.
“The two technical sides were working virtually. There has been good progress in the talks and the conclusion of the mission will be very soon,” Rice said.
Also, he stressed that “The economic program is maintained”, and pointed out that “the Minister (of Economy, Martín) Guzmán, assured that the program works as an anchor”.
In addition, he stated that “the Resilience and Sustainability Trust is being launched”, which will enable lines with a 20-year repayment term and 10 grace periods, and for Argentina it would represent access to US$ 1,300 million.
