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"Last week, we had new expressions of lack of confidence in the markets. With particular regard to our ability to secure funding for 2019. That is why I want to announce that we have agreed with the International Monetary Fund to mobilize all necessary funds to ensure compliance with the financial program next year. . This decision aims to eliminate any uncertainty that may have arisen as a result of the worsening international context. Securing funding for 2019 will help us build confidence and return to growth as soon as possible. "This Thursday was exactly the year of the brief message recorded by President Mauricio Macri, of just a minute and a half, which was transmitted on August 29, 2018 at 9:30.
On May 8 of the same year, the president himself had announced his return to the IMF on June 20, the board of directors of the multilateral agency had approved a three-year agreement of a amount of not less than $ 50,000 million. The first 15 billion, but only two months later, Macri was forced to ask for an advance of a substantial portion of the money on hold because the uncertainty did not dissipate. At that time, as he had said before and as he would continue to say later, he made sure that it was necessary to generate tranquility. Since then, however, the situation has continued to worsen. Soon, the agreement with the Fund had to be renegotiated and even this new agreement could not be executed. Meanwhile, the dollar has continued to rise. When the return to the IMF was announced, the US currency closed at 22.94 pesos and Wednesday, when it was announced that progress would be made in the restructuring of this debt due to the impossibility of repay it. The dollar closed at 60.12 pesos, or 162%. one hundred more
"I know that these stormy situations generate a lot of anxiety and worry. I know and understand, but I know that I take all the necessary decisions to take care of it, "added Macri in his message a year ago. Words almost recounted that he had formulated since the election defeat within PAHO, although this time, he badures that they will now have the desired effect.
"We are doing everything in our power to move forward. I am more convinced than ever that together we will overcome our difficulties. Really changing, at the root, and understanding that there is no magic shortcut. We know what we are capable of when we decided to do something important together, "concluded the President, August 29, 2018. It was another speech armed almost like a campaign place, which has been repeated in a loop as chess has accumulated and the government begins to collapse. Since then the situation has worsened, but the promise has always been the same.
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