New IMF chief wants to know next government's plans before releasing more dollars



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"We will be very interested to see what policy framework is established, and when we have, we can continue this discussion"Georgieva said a few hours before meeting with officials of Mauricio Macri's management.

Georgieva told the press that "the Fund is fully committed to working with Argentina" and has ratified the "strong will" to continue the work undertaken since the signing of the confirmation agreement last June, for $ 56.3 billion.

Finance Minister Hernán Lacunza and Central Bank President Guido Sandleris will meet Georgieva tomorrow and outgoing CEO David Lipton among other officials.

Prior to this meeting, Georgieva told the press that "the Fund is fully committed to working with Argentina" and has ratified the "strong will" to maintain the link established since the signing of the confirmation agreement last June, for about $ 56.3 billion.

David Lipton, Deputy Managing Director of the Fund, added: "We are still working with the election winners and we will help Argentina to cope with its problems."

In an interview for CNN in Spanish, Lipton admitted that "Since the September primaries, the market sentiment has turned sharply, making the financial situation much more unstable."

"We have been in constant contact with the government, the Central Bank, seeking to help us in this difficult situation.We will see the Argentine authorities here at the meeting, we will maintain the dialogue and relations and we will help Argentina to solve his problems " stress.

About statements of the presidential candidate of the Frente de Todos, Alberto Fernández, questioning the activity of the IMF, said the official: "We are still working with those who win the elections and run the country, we are looking for something in common, apart from what has been said, after the elections, it is wise to look to the future and see what path to follow would be beneficial for stability and to make it grow again. "

Sandleris and a part of the economic team met on Wednesday with Fund executives in the US capital to advance the monitoring of fiscal and monetary programs, in the prospect of a safe renegotiation 39; agreement.

The head of the monetary authority was accompanied by secretaries for economic policy, Sebastian Katz, finance, Santiago Bausili, and Treasury, Rodrigo Pena, before the arrival of Lacunza.

Representatives of the Macri management have with them the budget results of last September, which were presented to the press Wednesday by Lacunza and which showed compliance with the budgetary objectives set in the confirmation agreement.

Until now, the Fund has sent to Argentina about 44 billion dollars. This leaves $ 12,300 million in disbursements, of which $ 5,400 million could be disbursed before the end of the year.

As the new managing director of the Fund has warned, this will depend on the economic program announced by the president-elect in the elections on Sunday 27 October.

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