The head of the IMF who supervises the program with Argentina referred to the program that Javier Milei’s government is developing and stressed that “it is important continue to improve the quality of fiscal adjustment, not the quantity“.
Rodrigo Valdes, director of the Western Hemisphere Department of the organization, spoke at the opening of the IEFA Latam Forum and referred to the situation in our country. Firstly, he underlined that based on the measures adopted by the current government “the progress has been impressive” and underlined the fiscal surplus, the decline in inflation-“It’s falling faster than we expected.”he said – and the reduction of the gap between the official dollar and the blue dollar achieved in these first months.
“But the legacy has been heavy and the path to stabilization is never easy,” he said of the situation left by Alberto Fernández’s leadership. And there he warned that “On this path it is important to continue to improve the quality of fiscal adjustment, not the quantity. “I want to once again emphasize quality, not quantity.”
“In relation to policies, we must continue to adapt to the transition exchange controls must be calibrated very carefully. Furthermore, we believe it is important support support for the most vulnerable sections of the population to ensure that the brunt of the adjustment does not fall disproportionately on working-class families,” he noted.
Source: Clarin
