Oxford Economics: the IMF is willing to pay a high price to avoid CFK

The international consulting firm says the government is ready to "burn the reserves to fight Kirchner and inflation" and calculated that there was a high probability that $ 14 billion of reserves would be spent.

"In an adverse scenario in which CFK is considered a potential winner in the polls, the BCRA could spend more than $ 18 billion or all of its own net foreign exchange reserves." In other words, it is likely that money from the IMF be used to defend the currency, "says the Oxford text, which has more than 200 researchers following what is happening in the global economy.

For his part, local consultant pxq said in his latest report that "the IMF seems to have set fire to its status", which states: "no member country will be able to use the Fund's general resources to cope with a considerable outflow or continuous capital. "If so, indicates the signature, the same article states that" the Fund may request the country to adopt control measures to prevent the general resources of the Fund being used for this purpose. ". To be clear, if the Fund had respected its status, the candidate to resolve the volatility of recent weeks was the "trap" in some of its multiple versions, called in the world "capital account regulation".