The IMF will discuss the goals of the second and third quarters of the agreement with Argentina

This Friday the board of the IMF (International Monetary Fund) to analyze and debate the goals that were agreed for the second and third semesters of the program that was signed with Argentina.

In case that the organism approves the goals, this will allow the country to obtain an immediate disbursement of US$3,861 million. This would be the first time the IMF It will deal with the revision of two periods, which the Government classified as a historical fact.

The IMF will discuss the goals of the second and third quarters of the agreement with Argentina — In September Massa met with the director of the IMF.

The novelty was announced this Thursday at a press conference by the presidential spokeswoman Gabriela Cerruti, who also assured that the Government trusts that the IMF approve the goals of both periods.

“We are confident in the approval by the IMF and that the numbers of the macroeconomy allow us to continue on this ordering path”. Meanwhile, next week some USD 3.9 billion will arrive due to the approved goals for the second quarter.

Cerruti assured that the country is on a path of growth.

The spokeswoman also explained that, as part of the scheduled disbursements that Economy Minister Sergio Massa achieved during his tour of the United States, with international organizations such as the Inter-American Development Bank (IDB) and of the foreign currency settled in the change in September, 5,000 million dollars will be added to the reserves.

This, according to Cerruti, “allows us to exceed the reserve accumulation goal for the third quarter,” which, in turn, “allows us to continue dealing with central issues for the government, such as inflation and workers’ income.”

The Government did not seek to modify the goals of the agreement.

At today’s meeting, the directors will analyze the technical agreement reached between the agency’s staff and officials from the Ministry of Economy on September 19.

The country will receive new disbursements

Although it was thought that the organism I would review the goals for the third quarter until November, even in December, With the advancement of the evaluation, the country could receive a disbursement of another US$5.8 billion.

In the last due date, US$2.5 billion were paid with reserves from the Central Bank.

The funds will serve to pay the maturities of the debt inherited from the management of Mauricio Macri and the rest, to reinforce the reserves of the Central Bank, which is one of the Government’s priorities.

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