The government received a new distinction from the IMF and the United States but warned that "the situation is still unstable"

The economic policies adopted by macrismo received this Saturday a double support of part of the US government and the IMFin one of the critical moments for the government because it has to launch a campaign with high inflation and economic recession.

In the morning, the Minister of Economy Nicolás Dujovne meet David Lipton, the number two of the IMF and the strongman of the United States in the financial institution.

Lipton "reiterated the IMF's support for the government's stabilization plan, the ongoing efforts to achieve zero balance in 2019 and the authorities' strong commitment to protecting the most vulnerable by expanding the social safety net", said the spokesman of the agency. Argentine media.

The meeting was held as part of the Fund's spring meeting in the US capital.

It was also reported that he had exchanged with the minister "significant progress made by the Argentine authorities". to reduce macroeconomic vulnerabilities"

According to official sources, the Argentine minister told him that "the financial situation is still unstable". Dujovne is betting on the flexibilisation of the exchange rate bands in the face of electoral uncertainty and how the October rally may weigh on the exchange rate.

Lipton had already met with Argentina's Central Bank President Guido Sandleris, with whom he had discussed monetary policy in an election year, with no specific details.

Moreover, in a document released on Friday, Dujovne acknowledged that, despite the reforms, the Argentine financial context remains "unstable".

White House Support

The Secretary of State of the United States, Michael Pompeo, praised the leadership of President Macri and baderted that "he is doing the hard work needed to reform the economy".

In line with Cambiemos' campaign speech, Pompeo expressed during a visit to Chile as part of an official tour through Latin America that "Argentina has decided that the old models do not give results, that these solutions no longer work, it is not what they are looking for".

"President Macri is striving to reform the economy.We thank him for doing it.His people will come out better thanks to this," said the strongman. of the Donald Trump administration.

"Mike" Pompeo, as is known around the world, said the government "is taking tough but important steps to build sustainable growth" and adds, "It's a difficult path, not without danger, with no results either" . Argentina has returned to the global credit markets recently for the first time in 15 years. "

In this regard, he stated that "this is how prosperity is built, the strengthening of democracies, voters who opt for bolder visions, countries struggling with their own internal problems and building strong external relations. ".

"There is a sentence in English, probably in Spanish too, but I will say it in English today, which says that popularity is not always the right thing, but that the good thing is n & # 39; Is not always popular, "he added.