According to Bloomberg, the IMF could retain the next disbursement in Argentina

he International Monetary Fund It could not disburse the $ 5.4 billion that Argentina expects forever, without knowing beforehand the economic policy plans of the next government it will badume in December, sources aware of the situation revealed at the agency. Bloomberg News.

The IMF may postpone the next disbursement of the record $ 56 billion credit line to Argentina until it has more clarity on the political landscape of the second largest economy in South Americaaccording to sources, who requested anonymity because they are not allowed to speak in public.

The credit faces new doubts after the unexpected defeat of President Mauricio Macri in the first election of August 11 against Alberto Fernandez unleash a mbadive selloff of sovereign bonds and the peso. IMF officials met Fernandez, who did not explain his economic policy, at the end of August. So, the candidate of In front of all criticized the agency in interviews and statements.

IMF spokesman Gerry Rice said on Thursday that "the complexity of the market and the political uncertainty in the future make the situation even more difficult." The next disbursement is scheduled for Sunday or later.

A spokesman for the Ministry of the Economy of Buenos Aires declined to comment Bloomberg, although Macri said last week that he was expecting the IMF to approve the disbursement because Argentina was meeting the budget targets under review, which include reviewing the progress made by the country until June, before the mbad sale.

he Finance Minister Hernán Lacunza, will travel to Washington this month to hold further discussions on the record loan of the Monetary Fund.

"We continue to work with the Argentine authorities to help stabilize the economy," said fund spokesman Gerry Rice. When asked if the loan agreement had violated the rules of the IMF – the accusation presented by the Argentine opposition party that will eventually take power after the elections next month – Rice said: "I can certainly say that this is not the case."

Rice anticipated that Political uncertainty and market conditions "will be the main topics of discussion" in conversations with Lacunza. He announced that future talks with opposition presidential candidate Alberto Fernández and his economic team will have to wait after meeting with the current Argentine finance minister.

Lacunza is due to arrive in Washington between September 26 and 28 for the 60th anniversary celebrations of the Inter-American Development Bank. An official said earlier that Lacunza would meet with representatives of the IDB and the World Bank during the trip.

S.D.