Guzmán’s double mission in Moscow | Business support …

He was surprise for almost everyone except those around them, since the issue had been under negotiation since February. The Minister of the Economy, Martín Guzmán, has officially confirmed that he will extend the European tour to gather support in the framework of the debt negotiations with the Monetary Fund (IMF), with the addition of a track of weight bonus. After his visit to France, he will travel to Russia for a dual mission: to continue building an international political consensus for sustainable debt agreements; and also talk about the possibility for Argentina to locally manufacture the Sputnik V vaccine.

Sources close to the minister said Page I12 in Moscow, Guzmán will meet Cecilia Nicolini, presidential adviser on health issues who has already made trips to Russia to bring vaccines. “The idea is to deepen the relationship of strategic cooperation,” they assured. The meeting agenda will include meetings to work together on the production of Sputnik V in Argentine territory. For which they will seek to make investments for new projects.

The government explained that the scientific and technical part of the agreement fell to Nicolini and the Minister of Health, Carla Vizzotti, who are already in a relationship as part of the immunization plan. Naturally, from the presidency, the line of synergy with Guzmán was lowered with the aim of obtaining the greatest possible amount of doses and of a greater origin.

At the same time, the Minister will hold a meeting in Russian territory with his financial partner, Anton Siluanov, and with representatives of the Chancellery. He will discuss negotiations with the IMF and the need to advance the rules so that there is an increase in global liquidity for middle-income countries.

The time of “creative solutions”

Guzmán’s visit to Europe arrived in Paris with positive results, as did the rest of the trip, which began in Berlin. The French judgment is important given that the minister met the head of the Parisian club, Emmanuel Moulin, an organization with which Argentina has a debt of $ 2.4 billion due in May. He also spoke with his financial partner, Bruno Le Maire

Sources of negotiation They told the newspaper that a consensus had been reached both with Paris and with the rest of the countries to seek alternatives to avoid default. “It does not suit anyone,” admitted the Europeans in discussions with the government. The expiration date with Paris is May 31 and it’s almost a fixed date that will be postponed.

What do we expect from the fund? Creative solutions were discussed during the European tour. It is assumed that the extended facilities agreement has an asterisk for the extension of payment terms. Thus, the 4 or 5 years preceding the first disbursement would be used to discuss a longer term, which would exceed the 10-year limit of the facilities. Neither the IMF nor the Paris Club would take a dim view, according to sources during the negotiations.

During the meeting with the FrenchThey also discussed the relations between Argentina and France and the work within the G20 to consolidate the rules that lead to greater stability and global sustainability. Likewise, Guzmán and Le Maire agreed on the importance of advancing international tax policies that address the problem of tax evasion suffered by the current rules of globalization.

“It’s still very precious dialogue with my counterpart in France, with whom we continue to build consensus on Argentina’s relations with the IMF and the Paris Club, joining forces for a healthier multilateralism for the world, “Guzmán said. background, they also shared the need for debt negotiation.

At the start of the tour, Guzmán had met with important officials in Germany, businessmen and the government of Italy, and with the dad Francisco. The Vatican judgment is relevant because of the official attempt to recreate an overall support scenario that allows Argentina to have a debt negotiation similar to the one that resulted in a deal with private creditors. Papal contact is essential considering the High Pontiff’s close bond with German Angela Merkel, a heavy chair in organizations, and with IMF Director Kristalina Georgieva.