IMF conditions payment to next government plan – News

The Argentine government and the authorities of the International Monetary Fund (IMF) will meet again this Friday in Washington, but there will be no new disbursement of currencies or renegotiation of the credit agreement until the end of the year. the next local management announces its economic program.

This was said on Thursday by the new director general of the multilateral agency, Kristalina Georgieva, before consulting Argentine correspondents in the city of Washington, where the fund's headquarters is.

"We will be very interested to see what is the political framework and when we can continue this discussion," Georgieva said a few hours before meeting with officials of Mauricio Macri's leadership.

Finance Minister Hernán Lacunza and Central Bank President Guido Sandleris will meet Georgieva tomorrow and outgoing CEO David Lipton among other officials.

Prior to this meeting, Georgieva told the press that "the Fund is fully committed to working with Argentina" and has ratified the "strong will" to continue the work undertaken since the signing of the confirmation agreement last June, for about $ 56.3 billion.

Sandleris and a part of the economic team met yesterday with the Fund's leaders in the US capital to advance the monitoring of fiscal and monetary programs, in the prospect of a safe renegotiation of the United States. ;agreement.

The head of the monetary authority was accompanied by secretaries for economic policy, Sebastian Katz, finance, Santiago Bausili, and Treasury, Rodrigo Pena, before the arrival of Lacunza.

Representatives of the Macri management have with them the budget results of last September, which were presented to the press Wednesday by Lacunza and which showed compliance with the budgetary objectives set in the confirmation agreement.

Until now, the Fund has sent to Argentina about 44 billion dollars. This leaves $ 12,300 million in disbursements, of which $ 5,400 million could be disbursed before the end of the year.

As the new Managing Director of the Fund has warned, this will depend on the President's elected economic program in the elections on Sunday 27 October.