Wink of the IMF in Batakis: “We support efforts to control spending”

In the midst of exchange rate tensions and a day of protests called by social movements calling for a $ 20,000 bonus, the International Monetary Fund Backwards the package of measures announced on Monday by Silvina Batakis to control spending, freeze the entry of personnel into the state and achieve the objectives of the program with the agency.

“Our staff, including the representative in Buenos Aires, are in contact with the minister and his technical team. He reiterated this. commitment to implement the IMF program and agreed objectives, and the announced measures they are consistent with the objectives of the program to strengthen the economy and start facing Argentina’s great challenges, “said agency spokesman Gerry Rice.

In its first press conference, Batakis announced on Monday that the monthly budget shares of the different organizations will be in accordance with the real money projection, that the tax agency for real estate valuations will be migrated to the Ministry of Economy and that they will meet the objectives. with the Fund. “We will not spend more than what we have”, observed.

“In particular on what the minister said, we welcome the efforts to control spending, improve the collection and coordination of public debt, therefore we remain committed to the minister and his team to implement the economic support program, “said Rice, who denied that there is a change of objectives, as suggested at the time by the Minister of Economy.

“The objectives remain and I would like to reiterate that we had them a very positive first contact with the minister and we hope to continue with a constructive agenda on the agreed goals, “the agency spokesman said.

Last week, IMF director Kristalina Georgieva denied the possibility of a change in the program objectives and he suggested stricter measures to reduce the budget deficit and achieve the objectives. “We must be clear that sometimes painful actions are necessary to reap the rewards of these actions,” were the words of him according to Reuters.

development note

NEITHER