Lagarde already marks the court of the next president …

IMF Managing Director Christine Lagarde said today that Argentina is "coming out of the trough" of the crisis and attributed it to the macroeconomic stabilization program negotiated with the multilateral organization. "This is paying off," he said at a conference. The French official also took the opportunity to mark in court the government that will come after the presidential elections in October: "Now that so much work has been done, in a program where social protection has always been the one of our priorities. " It would be foolish for any candidate to turn their backs on the work in progress, "he said.

This is not the first time that the IMF's number 1 congratulates the government on the upcoming adjustment plan. In January of this year, he met in Davos with Finance Minister Nicolás Dujovne and Central Bank President Guido Sandleris and highlighted the situation of the Argentine economy. "The solid implementation of the authorities' stabilization plan and the continuity of policies are very useful for Argentina and will continue to be essential to strengthen the economy's resilience to external shocks, preserve the macroeconomic stability and promote growth in the medium term. ", He maintained then.

The stabilizing elements held by the agency are related to the adjustment of expenditure, the removal of subsidies (increase in rates), the rise in interest rates and the free fluctuation of the rate of interest. exchange. To these measures are added the structural reforms recommended by the fund to relax labor regulations, amend the BCRA charter and restructure the pension system. "I congratulate Dujovne and Sandleris for the decisive steps taken and the progress made so far, which have helped stabilize the economy," Lagarde said in a statement released in January. Now, it was going a little further. "We are starting to see that the program is really working, we believe that Argentina is about to exit the fund." In the badessment of the Argentine economy last week, the IMF supported official policy, but was not so complimentary. the results in terms of inflation disappointed. "