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"Yesterday (Thursday), the emerging markets were affected.It is true that Argentina has experienced a stronger increase in the dollar than others.This is for country risk," said the representative of the Monetary Fund in Argentina Trevor Alleyne, to the tensions over the exchange rates of the last days, he added that "this is a situation that the country has to face. Argentina is weaker than other emerging countries. It needs to have this program (negotiated with the IMF) to strengthen all aspects of macroeconomics and build resilience abroad. Finance Minister Nicolás Dujovne will travel to Washington next week to meet Christine Lagarde and US Treasury Secretary Steven Mnuchin, and the government expects the Fund to release its next disbursement as soon as possible.
Alleyne detailed the key points of the Central Bank's monetary policy management. "We are in a framework of monetary policy characterized by a flexible change.Yesterday, there was a long depreciation of the peso, but today (for yesterday), on the contrary.The Central Bank can manage the rate of If it wants to, it will keep its commitment to continue this rather strict policy and to calm the market, "he said. The body in charge of Guido Sandleris filled the letter. In the day yesterday rose more than 6 percentage points interest rate.
Regarding the electoral scenario, Christine Lagarde 's envoy to Argentina repeated the political position of the Fund. "We will support the government that is, no matter who wins the elections, the country will remain a member of the IMF and we will be willing to support the country." The head of the international body preferred not to take sides in the statements of the ruling party, when asked if the recession compromised the possibility of reelection. The fund will support. "The Fund's envoy said it was urgent to" come out of recession in the second quarter, resolve the crisis, succeed in the election year and, from 2020 onwards. , to discuss the necessary reforms ".
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