Before his trip, Massa sends his technicians to Washington to negotiate with the IMF

Prior to his first US tour as Economy Minister, Sergio Massa will send his economic team to Washington later this week to start negotiations with the IMF. The idea is to advance the technical work with the organism’s staff on achieving the objectives and advance payment of US $ 4,000 million from 10 September.

the entourage It will be composed of the Chief of Staff, Leonardo Madcur, the Deputy Minister of Economy, Gabriel Rubinstein, the secretary of finance, Eduardo Setti, the director of the Central Bank, Lisandro Cleri, and the head of INDEC, Marco Lavagna. The representative in front of the Fund, Sergio Chodos, and the head of the Central, Miguel Pesce, are not confirmed for now.

Massa analyzed the conversations with the organization and the details of his trip in the meetings he held this Saturday and Sunday with his team in the bunker of the Renovador Front at the Libertador 850, where the Secretary of the Treasury, Raúl Rigo, and the Chief of Customs , Guillermo Michel. “They will travel before Sergio to continue advancing in the negotiations “sources confirmed by the Ministry of Economy.

The mission’s objective is to refine the numbers before the minister’s trip organized for the second week of September in search of investments, funding and political support. The route includes meetings with Treasury officials, businessmen and the head of the agency, Kristalina Georgieva, a meeting near Massa scheduled for September 12, albeit in Washington They haven’t confirmed it yet.

The team believes the targets for the second quarter will be approved, after the IMF eased the requirements for that period due to the impact of the external shock caused by the war.

On the other hand, it will be much more complicated in the third and fourth quarters, as the agency tightened the conditions to achieve the annual targets and in the second half of the year. expects a real decline in spending of 7.8% of GDP, along with a higher rate hike.

At the same time Massa and his technicians are advancing in negotiations with multilateral organizations to unblock disbursements US $ 2,000 million and a loan (REPO) for an additional US $ 2,000 million with more than three international banks for debt repurchase and reserve strengthening. Lavagna is at the forefront of those negotiations.

Meanwhile, the government will start this week with new announcements. The Secretary of Commerce, Matías Tombolini, and the Minister of Tourism, Matías Lammens, will meet this Monday at 13:00 in the Scalabrini Ortiz room with the chambers of the tourism sector to sign an agreement on “order prices”. The item showed the highest increase of the month in July (13.2%) due to the increases during the winter break.

On Tuesday, however, the “monotax” will be announced at the Bicentennial Museum for “freelance” workers who sell their services to foreign companies who have a differentiated dollar, and do not regulate their operations in parallel markets.

A new benefits scheme for the mining sector will be formalized on Wednesday, whereby they will have access to 20% of foreign currencies from exports in exchange for a development program for national, provincial and local suppliers and a commitment to add local value. YPF will announce new investments alongside private companies and the rate hike is expected to launch on Thursday, according to the planned schedule.