Kristalina Georgievdirector of IMFmet this Monday with Alberto Fernandez for discuss the follow-up of the debt for 44,000 million pesos. Among the main topics that were discussed were the latest measures of the national government and the goals that the president has to achieve economic stability. It should be noted that this morning, through a statement, the agency praised the country’s steps to accumulate reserves and lower inflation.
Statements by Kristalina Georgieva
«We had an excellent meeting with President Fernández. We discussed the considerable progress we have made with our teams in reaching agreement at the technical level on the second review. I also expressed my appreciation for the very serious way in which Minister (Sergio) Massa and his team, in collaboration with the BCRA, are addressing Argentina’s significant challenges,” Kristalina Georgieva said at the press conference.
«Indicates of this seriousness are, precisely, the stabilization that the Argentine economy has experienced and also the progress in terms of rebuilding reserves. Also, the attention that has been paid to the necessary political measures to be able to face inflation and, especially, to focus on the factors that trigger the deficit », he expanded.
In turn, the director highlighted the implementation of the program to the agreement to “meet the expectations of the Argentine people.” On the other hand, she reported that they talked about the world economy and the role of the IMF in promoting macroeconomic stability. In this sense, she acknowledged that the world has been experiencing economic shocks that directly affect Argentina.
The comment of the director of the IMF on the son of the president
In lighter words, as she herself defined, the head of the Fund praised the growth of the president’s son, Francisco Fernández, after seeing the photos during the meeting. On this, she made a curious parallelism between the smile of the head of state when seeing his baby and the smile “that they hope to see from the Argentine people” with the progress in the economy.
Approval of the second revision
The International Monetary Fund (IMF) reached an agreement at the official level on the extended program of funds with Argentina for 44,000 million dollars. The agency then approved the disbursement of funds for almost 4,000 million dollars. Along the same lines, he praised the country’s steps to accumulate reserves and pay off the debt awarded in 2018.
Despite the sudden changes in the Cabinet of Alberto Fernández, whose management had two changes in the position of Minister of Economy, he stressed that the program is the same for the three ministers, and that the changes within the Government do not affect the agreement and, therefore, to the goals. “The important thing is working together. The expanded role of Sergio Massa signals the continuity of what we have to do so that Argentina can fight inflation and have sustainable growth,” he said.