Keys to Christine Lagarde's visit to the G20 summit: why she comes and with whom she will meet



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The IMF chief arrives in the country after the signing of the US $ 50 billion reserve agreement Source: Archive

The Group of 20 (


G-20
) will meet this weekend the leaders of the global economy in Argentina. This will be the third meeting of the year for Finance Ministers and Central Bank Presidents: they will meet Saturday and Sunday at the Exhibition and Convention Center (CEC) of the city of Buenos Aires.

More than 55 heads of delegation will discuss "the future of labor and infrastructure for development", two of the priorities set by Argentina, in charge of the G20 presidency in 2018. These are Ministers and Monetary Authorities of member countries and representatives of international organizations such as the Managing Director of the International Monetary Fund (IMF),


Christine Lagarde
the President of the World Bank Group,
Jim Yong Kim and the Secretary General of the Organization for Economic Co-operation and Development (OECD),
José Ángel Gurría .

This will be the first time that Lagarde will visit the country after the signing of the agreement.
Remains with 50 billion US dollars with Argentina, an IMF loan that gives the government an injection of new funds and a framework of economic policy with which it aims to restore the confidence of the markets


  Second Annual Meeting of the G-20 Finance Ministers and Central Bank Presidents Held on April 20 in Washington DC
The Second Annual Meeting of Finance Ministers and presidents of the central banks of the G-20 -20 was April 20 in Washington DC Credit: Courtesy of the International Monetary Fund

Keys

  • The third meeting of the G-20 Finance Ministers and Central Bank Presidents this year will be – in camera – this weekend at the Exhibition and Convention Center of the City of Buenos Aires ( to Figueroa Alcorta and Pueyrredón, in Recoleta)
  • More than 55 heads of delegation will discuss "the future of work, infrastructure for development, risks and opportunities of the global economy, the system Global Tax and Financial Inclusion ".
  • Christine Lagarde, Director of the International Monetary Fund, will arrive in the country for the first time after signing the loan
    stands ready for 50,000 million dollars for Argentina
  • The meeting will be chaired by the hosts:


    Nicolás Dujovne
    Minister of Finance, and


    Luis Caputo
    President of the Central Bank of the Argentine Republic (


    BCRA
    )
  • After the closed meeting, the Argentine presidency will give a press conference to report on "the main advances". It will be Sunday at 4 pm
  • Finance Ministers and Central Bank Presidents will meet twice this year: 11-12 October in Bali, Indonesia; and November 29 in Buenos Aires, a prelude to the summit of leaders
  • The G20 was born in 1999 as a technical meeting of finance ministers and presidents of central banks. During the 2008 crisis, it became a space for discussion and decision-making by leaders of major economies.
  • G-20 members account for 85% of the gross global product, two-thirds of the world's population and 75% of international trade
  • Argentina has the G-20 presidency this year. The "main course" is November 30 and December 1, when Presidents and Heads of State of the group members land in the country.

The agreement with the IMF

On May 8, in the middle of a currency exchange that ended with a peso devaluation of about 20%, the president


Mauricio Macri
reports that he entrusted Minister Dujovne (Finance) with engaging in a dialogue with the IMF to obtain a loan. The intention was that this deal brings peace to the markets with respect to the country's ability to pay its creditors. The agreement was finalized in less than a month

The Managing Director of the IMF will arrive in Argentina tomorrow. This will be Lagarde's first time in the country after signing the loan.

Ministers of Agriculture

The G-20 Agriculture Ministers' Meeting will take place next weekend. On Friday, July 27 and Saturday, July 28, officials of the agricultural policy will meet at the San Martín Palace, in camera. Saturday morning, participants will visit the Fair of Livestock, Agriculture and Industry in the parks of Buenos Aires

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