Post by account_disabled on Feb 25, 2024 3:43:48 GMT -5
A few days before Javier Milei assumes the presidency, the International Monetary Fund warned this Thursday that Argentina needs “a strong and credible stabilization plan” that is “politically supported” to address the long-term difficulties facing the country. And he stated that “a strong and credible Central Bank” is required to reduce inflation. At a press conference in Washington, IMF Communications Director Julie Kozack received several questions about Argentina, but avoided giving details about the future of the program, which has been derailed and must be urgently renegotiated given the important deadlines that They will reach Milei in the first days of his government. The official described a “challenging and very complex” economic outlook. She said that “ inflation is very high, mattresses.
Reservations are extremely low and this happens in a Armenia Mobile Number List context of very fragile social conditions .” And he added: "In this context, a strong, credible and politically supported stabilization plan is necessary to lastingly address macroeconomic imbalances and structural challenges in Argentina, while protecting the most vulnerable." He said CEO Kristalina Georgieva had spent the days. a “very constructive” virtual meeting with Milei who discussed the challenges facing Argentina and the need for “meaningful political actions.” He also noted that the president-elect “emphasized his commitment to strengthening public finances, reducing inflation and creating a more prosperous economy led by the private sector.” And the IMF promised to support him on those objectives.
He also referred to the meeting held last week in Washington by the future Minister of Economy. Luis Caputo and the future chief of staff Nicolás Posse with the number two of the Gita Gopinath Fund and the organization's staff. “There was talk of the new authorities of the new government to restore macroeconomic stability, in addition to plans to carry out reforms to strengthen the medium-term growth prospects in the country. At a technical level, these conversations have continued positively and we hope that our actions in the country continue . ” Asked about the possibility of Argentina being a candidate to access a loan from the Resilience and Sustainability Fund, as the managing director Kristalina Georgieva had suggested, she said that they are “rather hypothetical questions or that would require speculation and I am not going to speculate.