IMF meets to assess situation in Argentina after proposal for re-inflation of debt

he Board of Directors of the International Monetary Fund (IMF) gathered on Friday to discuss the renegotiation proposal of debt announced Wednesday by the Minister of Finance, Hernán Lacunza, while he was learning TN.com.ar spokesman of the international organization.

From the meeting, "informal" participated Roberto Cardarelli, head of the IMF mission in Argentina, who was in recent days in the country and held meetings with Lacunza and the opposition. In fact, the manager explained to his peers what the "reperfilation" initiative was about the badumed commitments proposed by the new Treasury Portfolio Management.

A spokesman for the Fund said that during the meeting, the Board of Directors had been informed of the latest developments in Argentina. Managers representing all IMF member countries are responsible for authorizing disbursements under the various programs.

In Argentina, we expect a lot from delivery of the next tranche of the loan. It is about $ 54 billion They are expected to arrive in the country in mid-September: this money is part of the $ 57 million reserve credit granted by the government of Mauricio Macri.

Although it was for the tranquility of Casa Rosada officials, immediately after the Lacunza announcement, the Fund issued a statement stating that I was badyzing the proposal and that they understood that "they were an important step in meeting liquidity needs and protecting reserves".

The board has taken note of the information gathered by Cardarelli in recent days, which has been marked by exchange rate volatility and a worsening economic crisis. The head of the mission held a meeting with the presidential candidate of the Front of All, Alberto Fernández, who left the agency and the government accused of being responsible for the "social disaster".