Economic keys of the week: new IMF mission, inflation and dollar

It should be noted that, as confirmed by the IMF, the Italian economist Roberto Cardarelli meet with the Minister of Finance, Nicolás Dujovne, the president of the central bank, Guido Sandleris and with economists and businessmen in the private sector, while meetings with opposition parties are not excluded.

The government has agreed with the IMF a 36-month program providing financial badistance of 56 billion US dollars until 2020, of which 28 million US dollars in Argentina already in Exchange of a plan of adjustment and balanced budget during this period. year

The mission is expected to confirm that the fiscal and monetary targets have been met over the past year, so the IMF Board approves the March payment of $ 11,000 million, the largest amount ever since the initial agreement announced in June of this year. past

Sources at the Central Bank announced that the IMF will badyze the new limits of the zone of non-intervention of exchange rate policy and the maximum monetization allowed for the purchase of dollars.

The government is awaiting the approval of the public accounts with confidence, the Ministry of Finance having reached the target of primary budget deficit of 2.4% of GDP the previous year, which represented a decrease of 1 , 4 point compared to the previous year. 3.8% compared to the previous year, in line with the target set at the IMF.

For its part, the Central Bank has broadly achieved the monetary base targets established with the agency, including last month, although it has released pesos on the market to buy $ 560 million the previous month.

January inflation