Macri apologizes to the IMF | The government asked …

In the midst of the economic crisis, Mauricio Macri's government has requested a waiver from the International Monetary Fund. This is a request for "forgiveness" to the agency, which will deal with Argentina's request next Friday, as it had not yet had the information on the financial results of the first quarter of 2019.

At its Friday meeting, the IMF's board of directors plans to set approval for a new disbursement to help Macri. According to the agreement with the government, the agency is expected to generate a turnover of 10 870 million dollars.

The request for a waiver comes on the eve of this decision and before the audit, during the last audit of the Argentine accounts, that the IMF technicians had done a few weeks ago that Argentina had not honored the commitments made.

The processing of Argentina's application has been included on the agenda of topics to be addressed by the IMF's board of directors next Friday. A waiver is a "grace" or "waiver" that is requested from the IMF in the event of non-compliance with any of the conditions set by the agency.

Ministry of Finance clarified that in this case is a formal clarification motivated by a change of date at the meeting of the Board of the Fund. According to the government, the initial date was March 26 and the financial results of Argentina for the fourth quarter of 2018 would be badyzed, but deferring to Friday, April 6, the data for the first quarter of this year should be submitted. This information is not yet available.

The government insists that it is "a formality" and that this does not constitute a violation of the objectives agreed with the IMF, which, in exchange for its disbursements, obliged the government to from Macri to apply adjustment policies and different fiscal targets "zero deficit."