The IMF "is willing" to "continue supporting" the Argentine Government

The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, said Tuesday that the agency is "willing" to "continue supporting" the Government of Argentina in its economic policies.

Georgieva made this statement after meeting in Rome with Argentine Economy Minister Martín Guzmán, with whom he talked "about the measures taken by the authorities so far and their economic policies," according to a statement from the Fund.

"We are aware of the difficult socio-economic situation facing Argentina and its population and we fully share the objective of President (Alberto) Fernández to stabilize the economy, protect the most vulnerable in society and ensure more sustainable and inclusive growth," he said. .

"In this sense," he added, "the measures taken so far are in the direction of restoring macroeconomic stability and protecting the poor."

Georgieva also said that the mission of the IMF technical team scheduled for the next one in Buenos Aires "will be an opportunity to deepen our dialogue regarding economic prospects and policies and to learn more about the authorities' strategy to address the situation of the Argentina debt. "

"My staff and I are willing to continue supporting the authorities. Our common goal is to see Argentina recover and growth and employment return for the benefit of all Argentines," he said.

Fernández is in full tour of Europe to seek support within the IMF board to achieve a rescheduling of heavy maturities that operate between 2021 and 2023.

The Argentine president has met with his Italian counterpart, Giuseppe Conte; German, Angela Merkel; Spanish, Pedro Sánchez; and he plans to meet tomorrow with French President Emmanuel Macron.

With the IMF the discussion focuses on the debt for the 44,000 million dollars that the agency turned to Argentina in the last year and a half under a financial aid agreement, for a total of 56.3 billion dollars, signed in 2018 with the Government of Mauricio Macri (2015-2019).

To advance the negotiations, the Fund will send a technical mission to Buenos Aires on the 12th.


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