The main figures of Javier Milei’s economic team met this afternoon with the Kristalina Georgieva, Director General of the International Monetary Fund (IMF).in Sao Paulo, Brazil, where the meeting of the Ministers of Economy, Finance and the President of the Central Banks was held G20. There they presented the performance of the economy, the numbers of the fiscal result and the accumulation of dollars.
“Great meeting with Kristalina Georgieva and the teams at the G20. Celebrate and support the measures and the results achieved by this new administration. The teams will continue to work on the best strategy to continue supporting the country’s efforts,” he wrote on the social network. X (former Twitter) the Minister of Economy, Luis Caputoaccompanied by the president and vice president of the Central Bank (BCRA), Santiago Bausili and Vladimir Werning, respectively; and the Secretary of Finance, Pablo Quirno.
Meanwhile Georgieva posted: “Excellent meeting with Luis Caputo. I welcomed the authorities’ sustained efforts to restore stability, support the most vulnerable and build support for reforms“.
The meeting took place a week after the mission to Buenos Aires undertaken by the deputy director of the Fund, Gita Gopinathand in the midst of a strong fiscal and monetary adjustment. The government’s intention is to continue to show a surplus in the public accounts, both fiscal, trade and current account, which is the driving force of a sustained decline in inflation, as opposed to a decline in economic activity.
Furthermore, another central point of the agreement with the organization is the constant accumulation of dollars in the BCRA reserves, which will serve as the basis for eliminating the exchange rate mid-year, and the end of monetary emission as a form of Treasury financing.
However, the Fund’s political directors pay particular attention to ensuring that the economic adjustment program is politically and socially sustainable, without neglecting the poorest and working families.
Source: Clarin
