Less than a year after the loan, the government will default on the IMF | Chronic

A few days after the third revision of the agreement With the International Monetary Fund (IMF), the government has asked the agency for a waiver that has not yet given the details of the reason and that should be announced after Friday's badessment.

The request is part of the agenda of issues to be addressed by the council of executive directors (council) of the organization at the meeting in Washington, during which the fourth disbursement of $ 10 870 million US dollars could be unlocked.

Waiver is a means of violating a precautionary clause established in the loan agreement.o initialed by the Fund and Change management last year, when a $ 56.3 billion loan was approved.

According to the agenda, the "request for derogation on the applicability of the performance criteria, revision of the funding guarantees and request for modification of the performance criteria".

I also read: <A href = "https://www.cronica.com.ar/politica/Argentina-the-pediria-perdon-al- MFIs-by-violation-the-agreed-objectives-20180816-0019.html "target =" _ blank ">Argentina would apologize to IMF for failing to meet agreed targets

Although the purpose for which "forgiveness" or "forgiveness" is sought, is not accurate, the goal of increased tension is the primary deficit that the government had promised to zero for this year. However, sources from the Ministry of Finance denied that it was the fiscal goal and badured that it was about "just a question of availability of some data".

"At the end of the review, some tax data for the end of March were not available", they specified Telam The last mission of the IMF in Argentina that led Roberto Cardarelli in February, he revised the fiscal goal closed in December, which was achieved.

This demand fits in a context of high exchange rate and recession volatility in which the Executive looks forward to the arrival of the Fund's dollars, of which $ 9.6 billion will go to the auctions of the US Treasury. S60 million a day, and record crop liquidations to feed the expected increase in demand with the supply.