The IMF said Silvina Batakis anticipated her support for the “goals” of the agreement and that she will speak with Kristalina Georgieva on Wednesday.

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The IMF said Silvina Batakis anticipated her support for the

Silvina Batakis spoke with IMF officials. Photo Reuters / Agustin Marcarian

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Economy Minister Silvina Batakis ratified, in contact with IMF officials, to “support the objectives of the agreement” with the International Monetary Fund and which will work constructively with the multilateral credit organization. So said the sources of the institution.

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This was confirmed by the head of the Fund, Kristalina Georgieva, who added that this Wednesday she will speak with the new minister, according to the agency. Reuters.

Georgieva anticipated that she will underline to Batakis the IMF’s willingness to maintain its support for Argentina.

Earlier, the Minister of Economy contacted the head of the IMF’s Western Hemisphere Department, Ilan Goldfajn, and promised to support the objectives of the program negotiated by his predecessor, Martín Guzmán.

This Tuesday Batakis had anticipated in statements on the radio The discovery which provides changes in goals with the IMF facing the second half of the year, a period in which the agency expects a reduction in spending to achieve the annual objectives and the new official expects “tensions” due to the strong due dates of the debt in pesos.

“There is a very strong deadline in mid-September, even at the end of July, which will generate tensions. Tensions will exist, but we have to work together,” he said.

In July 475 billion dollars accrued and in September 1.2 billion dollars. Economy was able to cover its June payments with help from the Central Bank, which in the past two days has bought $ 600 trillion in secondary market bonds to back them.

Greetings from the IMF to Silvina Batakis

The International Monetary Fund reacted Monday with formality and caution before the change of ministers.

In response to a question Clarionea spokesperson for the Fund said: “We wish former minister Martín Guzmán every success in his future endeavors.”

As for his successor, they said they hope to “work with Minister Silvina Batakis and her team to continue supporting Argentina and its people to strengthen the macroeconomic stability and address its profound challenges to lay the foundations for more sustainable and inclusive growth ”.


Source: Clarin

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