Kristalina wants to see the plan of the next government …

"The Fund is fully committed to working with Argentina and ensuring that policies ultimately lead to a better life for the people," said head of the multilateral credit agency, Kristalina Georgieva. The Bulgarian economist has proposed this almost protocolary answer to the question posed by the Argentine correspondents who cover the annual meeting of the IMF and the World Bank. But he then planted the flag again and reiterated that in the entity, there was an interest in seeing "what is the political framework that is established, and when we will have the opportunity to pursue this conversation, "in reference to a possible change of government December The IMF's prescriptions, as the counterpart of the largest loan granted to its country by its history, have aggravated the economic problems and the recession. The Fund now recognizes that Argentina's economy is among the worst and most indebted in the world, according to its annual report.

At the meeting in Washington, bilateral meetings will be held. On the agenda of the Minister of Finance, Hernán Lacunza, and the President of the Central Bank, Guido Sandleris, who participate in the event, a meeting is scheduled Friday with Georgieva and his number two, David Lipton . The intention of the Macri Economic Team is to release the last payment agreed for this year. This transfer was accepted for September, but the entity decided to "suspend" the adjustment and financing program after the last exchange authorized by the government after the PASO and the strong electoral defeat of the ruling party which emptied its legitimacy in economic policy.

The meeting of Argentine officials with Georgieva this Friday will be the second, although the first formal. Earlier this month in New York, there was a meeting attended by Lacunza and Sandleris, who was appointed to replace the French Christine Lagarde, who signed the $ 57,000 million deal for the 39, Argentina, the largest loan in history Georgieva agency told them that Argentina was among the priorities of the Fund. Argentina's debt to the Fund accounts for 61% of the country's loan portfolio to the agency.

"We will be very interested to see what the established political framework is and, when we have it, we can continue this conversation," he told reporters at his first press conference as a new Chief Executive Officer of the Fund. More clearly, Lipton had expressed it, acknowledging that the confirmation program with Argentina was in "pause" until he knew what his interlocutors would be the next administration from from October, when the result of the ballot would be known. We will then have to see how the discussion and the conditionalities with the Fund are lifted.

The forecasts are not encouraging for the coming years and will require the protection of the most vulnerable sectors, which the Fund declares to be a priority, but that its policies have ended up harming. The agency itself plans to close this year with a contraction of 3.1%. A fall will be overcome only by the collapse of Venezuela, Libya, Iran, Zimbabwe, Nicaragua and Equatorial Guinea. This represents a downward revision of 1.8 percentage points from the 1.3% decline expected in the July review of the agreement to allow the last disbursement of the loan. The Fund also estimated that when managing Change, the debt backpack had increased by 40.6 percentage points to 93% by the end of the year. The escalation recorded since the agreement with vulture funds, financial deregulation, foreign exchange and IMF loan represent a 70% increase since December 2015.