In the United States, the government has again told investors that the Argentinian economic model "will come to fruition"

The Minister of Finance, Nicolás Dujovne, and the president of the central bank, Guido Sandleris, had its first meeting with investors in Washington, where is held the spring meeting of the Monetary Fund and the World Bank. The two exhibited for an hour in front of more than 400 investors at an event organized by JP Morgan.

"In the meeting, Dujovne and Sandleris outlined the progress made over the last three years in the normalization of the Argentine economy, both economically and financially."said the Treasury in a statement.

"They both talked, there were many exhibits and few questions, and it was explained in detail that this year's financial needs are covered and that the need for Rolling letters. Explained the amount of $ 60 million a day that will be presented as of Monday and all that is already known in Argentina, but that investors wanted to hear from the first hand, "explained one of the participants .

Public issues were examined in the country's daily tenders and peso requirements. Sandleris was interviewed on technical issues relating to the monetary program and the Leliq stock. "The tone was calm and the presentations helped dispel many doubts, there was not much to answer," said another participant.

Sandleris was also at another meeting with investors organized at Banco Itaú. The head of the BCRA stressed the need to persist in the current process because "in the long run, it will pay", according to the same witnesses.

In turn, badysts from the big banks and fund managers wanted to know the central bank's leeway to maintain the stability of the dollar, the entity's firepower and how the region's results are evaluated by the government. of non-intervention exchange. Similar questions that Sandleris had received the day before at a meeting with about twenty businessmen from the Council of the Americas.

He asked them, yes, a little patience with the inflation data, which will show that in May a more noticeable improvement. March and April, said the head of the central bank to investors, do not come up with good numbers. As you may have known Infobae Sandleris said that the presiding entity "has all the necessary tools" to lower the index. Even in the face of the challenge posed by the "noises" generated by the electoral calendar.

Everything has been treated with the greatest reserve. Until now, Sandleris had no direct contact with the Argentine press in Washington, and the secrecy of the meetings was respected almost transparently.

Before you see the investors, Sandleris visit David Lipton, number two of the fund. "The recent problems of the global economy and the prospects for Argentina have been discussed," said a spokesman for the Fund. and detailed that the meeting in camera.

The spokesman added that Mr Lipton "praised the authorities' commitment to implementing the ambitious policies of the government plan", and emphasized "the progress made in tax matters, the reduction of vulnerabilities and the Expansion of social containment programs aimed at protecting the poorest sectors of Argentine society ".

In recent days, speculation about the possibility of a negotiation between the two officials concerning the ability of the Central Bank to intervene more decisively on the foreign exchange market have been launched. But no other details of the conversation have been leaked.

The meeting with Lipton lasted 45 minutes, the usual time allotted for each frenetic week meeting in the North American capital, taken at the annual meeting of the IMF and World Bank Spring Meetings. He was also present Roberto Cardarelli, head of the Argentina Fund mission, a key figure in monitoring national economy figures and implementing the agreement signed in 2018 with the Fund.

Cardarelli is responsible for the team that performed the last technical exam in Argentina, which approved the progress of the program a week ago, while drawing attention to spending and data " disappointing "inflation in the first quarter, as indicated on staff report.