The IMF says that Argentina is facing "a difficult situation …

The IMF reappeared after the conferences of the Minister of Economy, Hernán Lacunza
and the president of the central bank, Guido Sandleris
. Gerry Vice, principal spokesman for the agency, said that they are following the situation in Argentina "closely" and maintain a "continuous dialogue" with the authorities responsible for economic policy. In a brief statement, he stated that the country is facing a "difficult situation" and ratified what was announced by the Government: that a new IMF mission will arrive in the coming days review the budget targets and authorize the next disbursement. These are the first words of the Fund after a long silence after the primary, the megadevalución, the launch of the package of economic measures and the exit of Nicolás Dujovne from the economic portfolio.

The Lacunza conference ended at 9:30 am and the response from the multilateral agency did not take an hour to arrive. At the age of ten, Gerry Rice ratified Lacunza's statement and declared that "an IMF technical team will soon visit Buenos Aires". From the Palacio de Hacienda, the former minister of Vidal said he had spoken yesterday with the IMF authorities, who will arrive in "the next few days" for the fifth revision of the agreement signed last year.

Without further details on the date, the arrival of a new IMF mission, led by Roberto Cardarelli, will aim to review the second quarter's fiscal targets, given that a disbursement planned for September of $ 5400 million is planned. With this shift, the IMF has already granted the Macri government 90% of the $ 56 billion loan, the highest in its history.

At the conference, one of Lacunza's announcements was to "guarantee the guidelines agreed with the IMF". In his 20-minute speech
the only precise figures he gave are those that refer to the tracking of budget targets and even distributed a document. There he showed the July primary surplus, the projection for the third quarter and the overrun of the annual budget target. He said the measures announced last week do not put the risk in line with the fiscal goal, as they will be funded with "higher revenues". These were the only macroeconomic details, as to the dollar, he said "that he is above his equilibrium value" but did not anticipate the value of the new change.

Statements of support from the IMF following the Macri economic team's announcements were common. However, he kept a deep silence
Last week after the defeat of change in the primary elections. They had not referred to all the measures announced by the government regarding income tax, freezing of gasoline and the reduction of VAT on food.

The Fund's authorities also did not refer to the exchange rate jump from 45 to 60 pesos the day after the SSP. And, even though it went down to 58, it still remained above 51 pesos, which corresponds to the top of the exchange rate range that had been set under the terms of the agreement. confirmation. But the silence about the departure of the former minister Nicolás Dujove, who was the great negotiator and promoter of the return to the bottom, was more deafening.