IMF Wink for next disbursement of $ 5,400 million

The cash disbursement of $ 5.4 million will be paid at the next meeting of the organization 's board of directors, an event scheduled this Friday, June 14. There may be an extension of up to a week, but the meeting will not take place beyond this month. At the board meeting, the case of Argentina will be discussed (as for the rest of the current loans); and, without major conscientious objections, the sums committed will be released. The IMF had already released the first disbursement of the year last April, allowing the transfer of some US $ 10,800 million. When the agreed disbursement was confirmed in late June and early July, the IMF will have already sent to the country since last June, about $ 44.6 billion. A total of US $ 12,700 million would be completed to complete the agreement. If future revisions were approved, they would enter before the end of the year, thus completing US $ 57.3 billion of the total reserve signed with the agency in 2018. It includes about US $ 15 billion in June 2018, $ 5,031 million in October and $ 7,619 million in December of the same year. So far, in 2019, US $ 10 870 million was collected in April. In theory, even using the US $ 6 million agreed with the IMF to contain the dollar, the government would have enough money to end its financial obligations until the first half of next year. The future management will have the task of renegotiating or not, the agreement signed last June (extended and amended in September 2018), possibly to obtain an additional $ 10 billion and close the entire year 2020.

In addition to disbursements, Fukuoka approved the possibility of retaining the gentleman's agreement of Fukuoka, providing for the use of up to US $ 6 billion in agreed parameters. That is to say not to liquidate more than 250 million dollars a day and not to pierce the stony ceiling of 51.45 pesos. At this point, Sandleris's arguments are strong. Until last Friday, the dollar had remained more than stable (even in an average inflation rate of 3% between April and May), without there being any bullfighting or threat to the currency. general stability of the exchange rate. And, more importantly, without using a single dollar of $ 250 a day. "We won a month and a half," officials said during Friday's diplomatic tour to Japan.

That same day, again in public, Lagarde supported the government by highlighting the "ongoing efforts" that led to "significant progress" in the country's economy, while noting that it "continues" to work "on the revision of the confirmation agreement. The French directive highlighted "the authorities' continuing efforts in policies that have led to significant progress, including the reduction of the budget and current account deficit". The IMF issued a statement with statements by Lagarde, who pointed out after the meeting: "We exchanged views on recent developments in the global economy and prospects for Argentina." "The Argentine authorities and the Fund team continue to work on the fourth revision of the confirmation agreement." Thus, he said: "I would like to reiterate the Fund's commitment to support Argentina's efforts to cope with the economic challenges."