The Government confirmed this A delegation from the International Monetary Fund will arrive in Argentina on Thursday to “renegotiate the fallen agreement” with the organization “for not respecting” the guidelines.
This was reported by presidential spokesperson Manuel Adorni, specifying that the delegation will be received by the Chief of Staff, Nicolás Posse, and with the Minister of Economy, Luis Caputo.
“We will receive an IMF delegation. The Chief of Staff and the Minister of Economy will receive it to renegotiate the agreement that fell due to non-compliance, and which has practically fallen,” Adorni declared.
The arrival of the IMF representatives comes amid the ongoing renegotiation and the government’s decision to postpone debt payments by the end of January with the organization that expire on January 9th for 1,300 million dollars and on the 16th of the same month for 650 million dollars.
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The presidential spokesperson was consulted on the agreements between the unions and the government of Javier Milei.
One possibility is for payments to be unified, a measure foreseen by IMF rules. Argentina has already done so last June, July and October during Sergio Massa’s mandate at the Ministry of Economy, with the approval of the Washington authorities.
Grouping payments (called “bundling”) can only be done if there is more than one payment in the period. Since there was only one commitment in December, Javier Milei’s government could not postpone the deadlines and resorted to a CAF bridge loan of $960 million to pay off the December 21 commitment.
Nicolás Posse and Toto Caputo will receive the IMF delegation.On Tuesday, the Government held the first Cabinet meeting of the year, from 8.35 to 10.05, in the Eva Perón Room, on the first floor of the Government Palace, in which the journalist Eduardo Serenellini, who will be responsible of the Secretariat. the first time of Communication and the Press.
Also present were the General Secretary of the Presidency, Karina Milei; the Chief of Staff, Nicolas Posse; and the Ministers of Health, Mario Russo; of Human Capital, Sandra Pettovello; of Economics, Luis Caputo; of Justice, Mariana Cúneo Libarona; of Security, Patricia Bullrich; of Foreign Affairs, International Trade and Worship, Diana Mondino; of Defence, Luis Petri; of the Interior, Guillermo Francos; and infrastructure, Guillermo Ferraro.
Furthermore, the president of the Central Bank, Santiago Bausili; and Speaker Adorni, as well as Vice President Victoria Villarruel and the President of the Chamber of Deputies, Martín Menem.
Source: Clarin
