The Minister of Economy, Silvina Batakis, faces one of the main challenges since taking office. He will meet in Washington with the director of the IMF (International Monetary Fund), Kristalina Georgieva.
the official It must obtain more help from the international organization, while in Argentina it directs the economic measures that could contribute to stabilizing the levels of inflation observed until today. The IMF is not the only target of Silvina Batakiswill also meet with an adviser from the US Treasury Department, US business executives and potential investors.
The work of the Argentine ambassador to the United States, Jorge Argüello, has been key to, in a short time, concretizing the meetings of Silvina Batakis with representatives of key sectors. It occurs after President Alberto Fernández was forced to postpone his trip due to the coronavirus infection of his counterpart Joe Biden, whom he will visit soon.
The departure of Martín Guzmán from the Ministry of Economy, at the beginning of July, generated a lot of uncertainty at the national and international leveltriggered the levels of inflation, the country risk and also the dollar, which set off the alarms about the deepening of the economic and political crisis.
Silvina Batakis it needs to secure financing, but also show the IMF that it will stick to the deal. I could look for a new negotiation for obtain more margins with a change of goal or request a structural change that adjusts to the current conditions in Argentina.
What left the Guzmán administration
The new economy minister He arrives in Washington two months after the last visit of his predecessor, Martín Guzmán, who then met with G20 ministers, World Bank representatives and IMF executives. At that time, the blue dollar was at less than 200 pesos, while today some reports warn of the risk of hyperinflation.
At that time, Guzmán renewed his commitment to the IMF program approved in March and reaffirmed the good relationship between his officials and the US entity.
