Sandleris met with the head of the US Federal Reserve

Central Bank President Guido Sandleris met with US Federal Reserve Chairman Jerome Powell as the US Treasury lent $ 10 billion to the US Treasury.

Officials discussed the international financial context and the changing economy of the United States and Argentina. The meeting took place during his participation in the meeting of the central bankers of the Bank for International Settlements (the BIS, which badists central banks), which takes place in the Swiss city of Basel.

As a public LPO, the market is talking about possible direct US Treasury badistance to the Macri administration, which has serious problems controlling the economy despite the IMF's lending. In this context, there is talk of a mission of Argentine officials in Washington to close the loan.

The US president needs congressional support to lend money to other countries, but there are precedents that mark exceptions.

In 1995, after the Tequila effect, President Bill Clinton wanted to lend $ 40 billion to his Mexican counterpart, Ernesto Zedillo. As Congress had not approved, Clinton eventually sent $ 20 billion by decree of the US Currency Stabilization Fund. In addition, he asked the IMF to lend $ 17 billion to Mexico and it is precisely the BIS that has paid an additional $ 10 billion.

Sandleris also met the Deputy Governor of the Central Bank of Japan, Masayoshi Amamiya. The head of the BCRA will participate tomorrow in the meeting on the global economy alongside the other governors present at the bi-monthly meeting of the BIS.

Sandleris will also hold bilateral meetings with Mark Carney, President of the Central Bank of England; Roberto Campos Neto, President of the Central Bank of Brazil and François Villeroy de Galhau, Governor of the Banque de France.

The BIS brings together 60 central banks around the world whose countries account for 95% of global GDP and encourage international cooperation to achieve monetary and financial stability.