The IMF says they are moving forward with an analysis of Argentina’s economy and the goals have not changed

The International Monetary Fund said on Thursday that the review of the program included Argentina thriving “with good progress” and that, although they prioritize policies because of the impact of the war on Ukraine, “The goals and objectives of the program have not changed.”

At a press conference in Washington, the Fund’s Secretary of Communications, Gerry Rice, answered some questions about Argentina.

He said that after the IMF Spring Meetings a few weeks ago in Washington, “the IMF team was working in virtual form with Minister Martín Guzmán and his technical team to move forward with the first review of the program. The teams are reviewing Impact of the war in Ukraine on the economic prospects of Argentina ”.

The spokesperson pointed out that the Fund and Economy teams are “working to prioritize rules if appropriate to ensure that the goals and objectives of the program are met.

He said the first conversation in the review was moving forward with “good progress” and that “soon” they hope to inform the conclusion of the first examination.

Asked if the goals and objectives of the program will be met in this initial review, Rice said that “the teams are evaluating the impact of the war in Ukraine on Argentina’s economic prospects.”

“Argentina is affected like other countries in the world and strives to prioritize policies as necessary to ensure that the goals and objectives of the program are achieved ”.

Rice stressed that “those goals and targets remain unchanged. We prioritized the policies, but the goals and objectives of the program have not changed. Ang the authorities remain committed to implementing the program, this is their economic program, and in this context they ensure that the goals are achieved ”.

Rice that Minister Guzmán recently said was “considered by the authorities the IMF agreement as anchor and the goals remain unchanged. ”

The most sensitive evaluation points are the difficulty of the Central Bank accumulating reserves, rising inflation and reducing energy subsidies.

The IMF expects expansion of between 3.5 and 4%, but analysts are already expecting a stagnation after the 1.9% decline the industry registered in March and 4.1% in construction.

Washington (correspondent)

NE