After Lagarde's support, Dujovne and Sandleris seek to calm investors in Washington

Finance Minister Nicolás Dujovne and Central Bank President Guido Sandleris presented in front of more than 400 investors, at a meeting organized by JP Morgan in Washington in the spring meetings of the World Bank and the International Monetary Fund.

Argentine officials detailed the measures promoted over the last three years by the Cambiemos administration for the normalization of the economy in economic, monetary and financial, said the Ministry of Finance.

On the agreement with the International Monetary Fund (IMF), Dujovne stressed that the objectives they had committed in the first quarter were met. "We recorded a decline in our revenues compared to our estimates due to lower export duties. Our commitment is to reach zero deficit and we will achieve it", he said, according to the slogan Infobae.

IMF warns global financial stability is threatened

Before consulting one of the current on the guarantee that the debt in 2020 can be paid taking into account a country risk greater than 800 pointsDujovne estimated that "in 2020, we would only need USD 5,200 million with new investments", and pointed out that they thought the country risk would fall "substantially" before the reelection of the PRO leader.

Christine Lagarde, chief executive of the IMF, showed Thursday his support to highlight the progress of the reform program that Argentina is implementing after the multi-million dollar loan. In this regard, the head of the credit agency felt that "That would be silly" that a new prospective government would reject it.

"Now that so much work has been done, in a program where social protection has always been one of our three priorities, it would be foolish for any candidate to turn their backs on the work in progress," he said. he told the press. in the October elections.

Guido Sandleris, President of the Central Bank, has been consulted by some drafts indicating a possible change in the swap bands, and baderted that "We are not considering asking the Fund for the Central Bank to intervene before the dollar reaches the roof of the band." "We do not know where these rumors come from," he added.

For Christine Lagarde "it would be foolish" that the next government rejects the agreement with the IMF

The The purpose of this series of meetings is to allow officials to convince markets that "the worst is over""and that the national government will comply with what has been agreed with the Fund.

To this end, the Minister of Finance will meet this Saturday David Lipton, the first Deputy Director General of the Fund, and it is not excluded that the Minister also meet with the Director of the IMF, to discuss the progress of the agreement with the entity.

A.G./F.F.