Sergio Massa discusses with the Biden government how he will achieve the goals with the IMF

The meeting took place at 8 pm at the residence of the Argentine ambassador, Jorge Argüello, in the Palisades district of Washington. It was a business dinner which included baskets of Parmesan, ham and vegetables; black hake (it was clarified that it came from the Malvinas area), pancakes with dulce de leche and maizena alfajorcitos.

The Minister of Economy Sergio Massa is enthusiastic. It comes from the release of 1,200 million US dollars of funds from the Inter-American Development Bank (IDB) which will arrive by the end of the year to alleviate the weak reserves and Argentine wine served to sweeten the first very tight calendar day in this capital.

Were more than three hours on Tuesday night with Giovanni Gonzalez, Joe Biden’s special adviser and the United States ambassador Marco Stanley, a dinner to strengthen bilateral relations and see how the United States and Argentina can work together to provide food and energy to a world that needs more and more.

But they also talked about fulfilling the goal commitment with the Fund, an argument that also emerged in the meeting that Massa had on Tuesday at the State Department with Ricardo Zuñiga, of the department of the western hemisphere.

According to a spokesperson for the US foreign ministry, Clarione, Massa and Zuñiga talked about it “plans to consolidate commitments with the International Monetary Fund”, as well as “increasing bilateral cooperation on energy and food security and promoting investment in critical minerals”.

Massa’s agenda continues this Wednesday with a visit to the White House and it is very likely that he will see it Jake Sullivan, Biden’s National Security Advisor and Gonzalez’s boss, the highest-ranking officer he would see. He today he also goes to the Chamber of Commerce and meets representatives of companies with interests in Argentina, with investment announcements.

Massa has between eyebrows and eyebrows to obtain loans to relieve cash and investments in all sectors to rebalance the balance. Before the dinner at Argüello, which was also attended by the international councilor of Massa Gustavo Martinez Pandianithe minister was at an event at the embassy for the promotion of tourism together with the minister Mattia Lammens.

In the environment of Massa they believe that the disbursement of the IDB – which in addition to the funds available for free adds 1,933 US dollars in infrastructure loans – is not only a good sign for the Argentine coffers but accepts the negotiations with the International Monetary Fundl, and this offers greater possibilities to achieve the reserve objectives of the program. For the IMF it is a game changethey say close to the minister, a game-changing move.

Beyond the minister’s enthusiasm, the agency’s technicians, led by Luis Cubeddu, they analyze point by point a new revision in Washington, they are less and less expansive and want to see the whole numbers in detail.

During his week-long visit to Washington, Massa tries to regain confidence in Argentina. At dinner with González, the minister reviewed the latest measures taken by the government and it expressed its willingness to achieve the goals agreed in the agreement with the IMF in March. Furthermore, Massa confirms to everyone that he is committed to reaching a fiscal deficit of 2.5% this year, a message that his predecessors, Martín Guzmán and Sivlina Batakis, also shared here.

“There is a line of continuity”, they say around them. A sign in this sense, in fact, is that the former minister, now head of Banco Nación, will also come to Washington next Monday for a meeting with Kristalina Georgieva.

“It was an intense and cordial meeting of two partners who want to find an agreement in search of points of agreement to move forward together”, said Argüello Clarione about dinner with Gonzalez

Massa knows González long before he became an official of the National Security Council for Latin America. This Colombian American was already the man of the Biden region when the Democrat was Barack Obama’s vice president and Argentine chief of staff.

They have strengthened the link with many other dinners. González was at a barbecue at Massa’s house and during the Argentine’s last visit to Washington last year, they both dined on a terrace overlooking the White House. The American already has a Tiger shirt in the closet.

The focus of last night’s conversation it was food security the role that Argentina, the United States and Brazil – which concentrate 80% of the world’s proteins – can play in a world hungry for food and energy. The ambitious mottoto feed and feed the world “ (feed and feed the world) rang on the table.

we talked about it Dead cow and the need for US oil companies to have a greater presence in Argentina and the expectations of Massa’s trip to Houston on Friday, where he will meet with representatives from Chevron, Exxon, BP and other companies. Ambassador Stanley highlighted the business opportunities in Argentina in the lithium, earth and rare minerals sector.

There was more discussion of economics than politics, the sources say Clarione. The issue of the attack on Vice President Cristina Fernández de Kirchner was not touched, nor the situation in Venezuela or Nicaragua.

Massa’s agenda this Wednesday begins with a meeting with Axel van Trotsenburg, CEO of World Bank operations, another later with Alfonso Garcia Mora, vice president for the region of the International Finance Corporation. Around noon he will have a meeting with the authorities from Corporate Whirlpool, LIVENT, Río Tinto and Proyecto Rincón, Y from Economy reported that there will be an announcement of investments.

He will then travel to the White House to meet Sullivan and the Deputy International Economic Advisor to the National Security Council and Biden Sherpa for the G20 and G7, Mike Pile.

The day will end with a visit to the American Chamber of Commerce where you will meet investors and representatives of companies such as Akin Gump Strauss Hauer & Feld LLP, Bayer, Bristol Myers Squibb, Cargill, Chevron, Citi, DHL, Dow Chemical, Excelerate Energy, General Motors , Gilead Sciences, HSBC, John Deere, Merck & Co., Inc. Metlife, Pfizer Inc., Google and Procter & Gamble and Spotify.