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The Minister of Finance and Energy, Hernán Lacunza, will go to International Monetary Fund to try to unlock a disbursement of $ 5400 million. The arrival of the resources provided for in the agreement requires a favorable evaluation of the technical teams and the approval of the directors of the agency. As this newspaper revealed, there is a group of European countries that, despite support from the United States, have started to distance themselves from Argentina's failed program and plan to wait for it. 39, presidential exchange before committing more funds.
The travel date of the holder of the Treasure Palace This will be confirmed on Wednesday and IMF spokespersons will provide details the next day. The delay in revising the agreement confirms that the hypothetical arrival of the sixth tranche of the agreement could only take place in mid-October.
Neither the date nor the agenda of the Lacunz's first official trip abroadA are confirmed. "You are likely to travel with your team. The Wednesday agenda ends Wednesday. And Thursday, the Fund will hold its press conference during which he will also be able to give details on this next meeting, "they have since anticipated the Treasury Palace.
The script that they will take in Washington was anticipated by President Mauricio Macri last week, when he said that Argentina was meeting the goals of fiscal adjustment and monetary contraction provided in the agreement. The officials of the Palacio de Hacienda know that the austerity not enough
The race, the failure and foreign exchange controls They suggested that the country did not meet the criteria for access to aConfirmation Agreement exceptional access. "Therefore, the Argentine government adheres to the support provided since the beginning of the negotiations with the IMF. the United States Treasury Department.
The support of the United States is essential to ensure the arrival of resources, even if, before the evaluation of the directors, it will be necessary for Lacunza, its collaborators and the Fund staff find a way to argue, for example, that after lack of short-term obligations Argentina's debt is sustainable.
Although they ensure that the disbursement will be done, Lacunza employees open the umbrella: "The arrival of the disbursement is not an immediate need. It is envisaged in the annual financial program, "said the Treasury referring to the terms of the sixth tranche of the agreement that would complete the disbursement of 88% of the $ 56 billion committed by the IMF.
To questions raised by countries such as Italy, Holland and Sweden at the last informal meeting of the IMF Directory when the failure of the financing program with Argentina was badyzed, changes were made to the functioning of the organization. The replacement of the French Christine Lagarde it will be Bulgarian Kristalina Georgieva this "confirmed her interest in being considered a candidate".
The Fund announced yesterday that directors will devote the next few weeks to the formal process they plan to complete on October 4. Organizational authorities are scheduled this week to conduct badessments of Bangladesh, Lebanon and Mongolia.
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