"Argentina must deepen its reforms" | Confers …

"We are convinced that for Argentina to accelerate its growth in a sustainable way, the process of restructuring the economy needs to be deepened," said IMF Managing Director of the Western Hemisphere Department, Alejandro Werner, in a statement. A press conference. "As in all countries, visions differ in the need to focus on this structural change," said the head of the agency who asked the countries of the region to carry out transformations pension systems and labor regulations that the Argentine economy "is gradually recovering from the recession of last year", but warned that she was still "in a situation of vulnerability".

"After having discussed with opposition candidates in Argentina, I had this impression: it is clear that each of them has a vision of the next government which must begin with a program of economic transformation. very important to be able to restore the process of acceleration of the investment. job creation and supply stimulation, "Werner said at the end of June with Todxs Front presidential candidate Alberto Fernández. A report released Monday underlines the need to implement a set of structural reforms as a necessary condition for the resumption of economic growth. In the case of Brazil, Werner stresses the need for privatization.

"As in any country, visions differ as to where to put emphasis on this structural change," said the agency's official in referring to the Argentine case. The IMF economist acknowledged that each candidate "put emphasis on different components of the program" and added that "we should know more about what the sectors would be, the most important changes in each formula election ".

In this sense, Werner said on Monday: "We are much better acquainted with the program that President Macri would follow because of the work we have done over the last three years, especially over the past year, and we must continue to better understand the platforms of different countries. " candidates are defined in a more and more detailed way, but for now, this remains rather general. "Werner stressed that each candidate" underlines different elements of the program "and that" we (for the Fund) should know more about which sectors would be the most important changes to each electoral formula ".

"We are much better acquainted with the program that President Macri would follow for the work we have done over the past three years, particularly over the past year, and we need to continue to better understand the platforms of the different candidates who are demarcated with more and more candidates. " detail, but for the moment it is still quite general. "The IMF official said that the technicians of the agency would continue the dialogue with the economic advisers of the various candidates to understand the proposals.But he stressed that among the candidates" there is a deep conviction that we must continue to transforming the Argentine economy to generate investment, labor and reactivate the supply in order to lay the foundation for a sustainable economy. "

According to the IMF, economic activity in Latin America and the Caribbean will end with growth of 0.6%, the lowest rate recorded since 2016. In 2020, the organization s & # 39; Expects a rebound of 2.3%. "This weak momentum is the result of negative surprises in the first half of 2019, the strong uncertainty surrounding the economic policies of some major economies, sharp trade tensions between the US and China, and global growth. slightly weaker, "said Werner. when presenting your projections.