Hernán Lacunza will visit Washington at the end of the month and could meet the IMF

Finance Minister Hernán Lacunza will travel to Washington in the last week of September to attend the 60th anniversary celebration of the Inter-American Development Bank (IDB). Although this is not yet confirmed, the manager could take advantage of its size in the US capital to hold meetings with the International Monetary Fund. There is a disbursement of $ 54 billion Towards the treasure.

According to sources from the Palacio de Hacienda in TN.com.arLacunza will stay in Washington between September 26th and 28th and have an agenda for meetings with IDB and World Bank leaders. In this context, it is likely that the minister will also meet with an IMF delegation.

The Executive believes that the financial measures taken in recent days – mainly exchange control – will no longer urgently require the transfer of money from Washington to strengthen the reserves from the central bank.

In Casa Rosada, consider that the electoral process who is going through the Monetary Fund has delayed the schedule for the technical review and disbursement. This week, the agency formalized the unique candidacy of the director of the World Bank, Kristalina Georgieva, become the new general manager to replace Christine Lagarde.

Just the October 4th, according to the IMF, the selection process will complete and the election of the economist could be formalized. For this reason, they believe in the government, there will be no way to unlock the planned disbursement before the agency has a new command.

The technical review that would take place at the end of the month would be the fifth since last June, at the time of the signing of the agreement. Fund economists will evaluate the latest fiscal and monetary results. In that sense, they have been quiet of the government over the past few days with which the country has fulfilled its goals, but some badysts believe that this could be discussed in Washington.

The latest measures taken by the government to offset the recovery in inflation after the post-WWTP devaluation could have a fiscal cost, especially changes in income tax and the withdrawal of VAT on food – which would complicate the zero deficit by affecting the tax collection rate.

In August, however, the BCRA did not meet the monetary base objective – How many pesos should have circulated in the economy – for the first time in ten months. The president of the central entity, Guido Sandleris, said that he had started negotiations to agree a new goal for September.

For economists, the arrival of $ 54 billion This will be the key for the next few months of the Argentine economy. The Central Bank needs sufficient reserve reserves to cope with withdrawals from savings bank deposits, which have intensified in recent weeks, the payment of debt and the use of safe deposit boxes. maintain the tranquility of the exchange, as it was the case in the last week.