The IMF will define the new disbursement on April 5 and the Treasury prepares the sale of dollars

The International Monetary Fund will discuss Friday next week the new installment to Argentina for $ 10,800 million. Once the agencies' dollars have been delivered, the Ministry of Finance will launch the system of selling foreign currency on the market for $ 60 million a day.

As confirmed at TN.com.ar Sources of the IMF, expected date for the meeting of the council chaired by Christine Lagarde and to which the member countries will be represented, it will be April 5.

As is usually the protocol of the organization, before allowing the transfer of money under a financial badistance program such as the one signed with Argentina, the IMF carries out # 39; first technical examination, which the Fund's economists have done in Buenos Aires in late February, a report is being prepared on the economic situation and it is high on the repertoire. Once this body, which is the one making the decisions, gives the green light, the disbursement takes up to 48 hours to be accredited.

Once the Treasury has received this new flow of dollars, it will be able to launch the program of daily currency sales in the market agreed with the financial institution. "The exact date on which it will start has not been confirmed yet," said the Ministry of Finance, who will be in charge of operations, at this site.

In total, the government will make available u $ 9600 million, resulting from the surplus of executive dollars this year following previous IMF shipments in 2018 and the reduced need for foreign exchange to pay the debt, as long as the Treasury realizes a high turnover. two weeks.

The Treasury's daily supply, which will rise to 60 million US dollars, will be less than the amount usually used on the foreign exchange market. On Tuesday, for example, they were $ 648 million. In case the dollar floats below the exchange rate, sales would not be interrupted but would be bought directly by the Central Bank.