Next week Sergio Massa will lead his second conclave with the ministers of the economy of the main powers. The official will take advantage of Alberto Fernández’s invitation to accompany him on his tour, whose first stop will be France, and will join the G20 summit on 15 and 16 November in Bali, Indonesian. There he will resume negotiations to soften the deal with the IMF and seek an agreement with China that strengthens reserves.
“It’s Alberto’s agenda, Accompany Massa“said an advisor to the minister, who met with mayors at Casa Rosada on Monday, while his portfolio was evacuated due to a fire in the systems area. The incident occurred just a week after the committee was formed. for information security. of the ministry and a month and a half after the hacking of the Economy database, on which Justice has been investigating since the end of September.
According to sources from the Presidency and the Economy, Massa will go directly to the G20 and will do so by focusing on the fiscal deficit, one of the key objectives controlled by the Fund. At the height of the war in Ukraine, the official tries to convince his peers that the organization should exclude World Bank (WB) and IDB-funded investment expenditures from the calculation of the primary result. This would allow him to spend more in 2023, the election year.
The minister has already sent his request in mid-October to the head of the IMF, Kristalina Georgieva, and to her counterpart at the World Bank, David Malpass, as part of the annual meeting of these entities, where he unlocked the agreement reached weeks ago. with the Paris Club, which reduced the debt from $ 2.4 billion to $ 1.9 billion. While management has unpacked the financial picture, the The Central Bank continues to lose reserves. This Monday it sold $ 150 million.
In view of the drought in the countryside and a challenging summer in terms of currencies, the President will resume talks with President Xi Jinping at the G20 to close the extension of the current swap with China, which through the exchange of currencies will allow for strengthen reserves with $ 3 billion. BCRA chief Miguel Pesce began negotiating it in February, and Massa joined in July. The idea is that they close it in Bali.
Source: Clarin
