Before receiving Hernán Lacunza, the IMF said it would support the country "to whoever wins" the elections



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The Minister of Finance, Hernán Lacunza, and the president of the central bank, Guido Sandleris, will meet this Friday the director general and the deputy director of the IMF, Kristalina Georgieva and David Liptonto deepen the progress of the program agreed between Argentina and the Agency. Hours before the meeting, Lipton said the Fund would work with the country beyond the election winners.

The conclave will be held in Washington in the afternoon once the plenary session is over, where representatives of the Argentine government will be part of the annual meeting of the IMF and the World Bank. The intention of the Argentine delegation is to explain that the guidelines fiscal and monetary accepted the loan support have been fulfilled, while seeking to analyze the progress of the economic program after the October 27 elections.

Georgieva announced Thursday that the multilateral agency would wait for the elections in Argentina to continue its plan for financial assistance. "We are very interested in seeing what political framework it will be established and when we have that, we can continue, "said Georgieva, stressing:" We are very committed and the will of the IMF will be as strong during my term as Christine Lagarde. "

In addition, Minister Lacunza said in statements on the radio that "the debt is by no means unpayable, it is of reasonable magnitude for a country like Argentina". In this sense, the official said that in the country "there are no solvency problems ". "But we currently have a liquidity problem," he admitted.

Lacunza explained that "no country in the world can bear long to pay all its deadlines, but all the countries of the world have contracted a large part of their debt." "After the primaries, the country has nothing renewed and it is a transitional situation: fulfill our contracts and our obligations we have reservations"he added.

Thus, he stated that "the definition of this disbursement tranche of the IMF this will not be defined at this meeting. " "This is the annual meeting of the organization, where we take the opportunity to discuss the economic program with the IMF, as part of an electoral process," he said. disbursement this year, as Argentina has fulfilled all its commitments. "

IMF to support country "who wins" elections

Lipton said late Thursday that the multilateral agency would continue to help Argentina and "who wins the elections"October 27th." We are still working with whoever wins the elections and we will help Argentina to to face your problems"Lipton said the news signal CNN in Spanish.

Asked when the IMF will allocate the available resources expected in Argentina in mid-September, he said: "Our goal is to continue working with the country."

"Since the primary elections in September, the sentiment (humor) of the markets has changed significantly. is much more unstable the financial situation We have been in constant contact with the government, the Central Bank, seeking to help it in this difficult situation. We will see the Argentinian authorities here at the meeting and we will maintain the dialogue and relations and we will help Argentina to face its problems, "said Lipton, in common," he added.

"Apart from what has been said, after the elections, it is wise to look to the future and see which way would be advantageous for Argentina, promote stability and achieve repel", he concluded by responding to statements by Alberto Fernández against the IMF for holding him responsible for the economic crisis.

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