Guzmán and Feletti met with the IMF and discussed Care Prices

In the midst of the Government’s negotiations with the International Monetary Fund (IMF) to restructure the stand-by agreement for US$44 billion and after the launch of the new stage of Care Prices, which includes a basket of 1,321 products from consumption with prices agreed with more than a hundred companies, the Minister of Economy, Martín Guzmán, met, together with the Secretary of Commerce, Roberto Feletti, with the staff of the Fund to continue advancing towards a possible agreement that would allow Argentina extend debt maturities.

In this framework, Guzmán affirmed that “inflation is a problem for the functioning of the economic system and we must solve it,” and indicated that “the National Government is working for it based on a comprehensive strategy” to attack the structural causes of inflation. inflation problem.

In this way, the head of the Palacio de Hacienda stressed that the Care Prices program “constitutes an important element for the process of attacking the inflationary phenomenon in Argentina.” In addition, the official emphasized the importance of “having price-income policies that guarantee that real wages can increase at the same time that inflationary expectations calm down.”

Along these lines, Guzmán stated: “It is very important to attack the issue of expectations in a society that has become accustomed to living with inflation. With Roberto and with the IMF today (yesterday) we talked about the importance of what this process was,” added Guzmán, while stressing that “the fact that an agreement was reached with more than 150 companies on more than 1,300 products gives more sustainability to what was achieved, and that will serve as one more element to anchor expectations”, according to Infobae.

On behalf of the IMF staff, Julie Kosack, deputy director of the department for the Western Hemisphere, the person in charge of the Argentine case, the Venezuelan Luis Cubeddu, and the new head of the IMF office in Buenos Aires, the British Ben Kelmanson, participated in the meeting. .

Expectations

The Minister of Economy, Martín Guzmán, assured that “an agreement was reached with more than 150 companies on more than 1,300 products, giving more sustainability to what was achieved, and that it will serve as one more element to anchor expectations.”

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