Government insists on making exchange groups more flexible and Dujovne meets Lagarde's second

The Minister of Finance, Nicolás Dujovne, will insist tomorrow with the IMF authorities to consider further measures to ease the exchange rate policy, with the aim of limiting a possible dollar run during the election year.

Dujovne will hold a meeting with the Deputy Executive Director of the IMF, David Liptonas part of the annual meeting of the International Monetary Fund (IMF) in Washington.

According to information gathered, the subject had already been badyzed at the meeting of the President of the Central Bank, Guido Sandleris, with Lipton Thursday.

At this meeting, they spoke about "the global economy and prospects for Argentina," said an IMF spokesman, who said Lipton had endorsed the measures taken by the government. government.

The head of the IMF, a supporter of the free movement of the dollar, congratulated the Argentine authorities for "the reduction of budgetary imbalances, the reduction of vulnerabilities and the extension of the social security network in order to protect the poorest sections of the population. the company, "said spokesmen for the body.

Dujovne will question IMF officials about the possibility of increasing the BCRA's power of intervention to contain the dollar in the face of a possible impact of electoral uncertainty on the economy, according to the finance palace.

The official had a meeting with investors organized by JP Morgan Bank and participated in the meeting of Finance Ministers and Central Bank Presidents of the Group of 20 (G20).

He also met with the US Treasury Secretary, Steven Mnuchinand bilateral meetings with representatives of the Governments of Brazil and Saudi Arabia.

IMF insists on maintaining currency bands

IMF officials, Alejandro Werner and Roberto Cardarelli, defended the system of floating bands of the dollar and specified that there was no "magic wand" to reduce inflation.

Both suggested that "the rules remain" in agreement with the Fund and felt that the recovery of the economy "had already started", even if it will be weaker than others, in statements to reporters in Washington.

Werner, about the gang system, remarked that "there is a very important value to this, scenarios given in what was plannedkeep the rules that have been established and work. "

Cardarelli, for his part, said the economic recovery would not be a recovery spectacular as in the pastbut it's going to be a gradual recovery. "

Although an official meeting between Dujovne and the Executive Director of the IMF is not planned, Christine Lagarde, the minister will participate this Sunday, alongside the director of the IMF, in a debate on investments in infrastructure.