Wink: IMF willing to pay $ 5.420 million before Oct. 27

In the early stages of the discussion between the government and the emissaries of Washington, it was recognized in Buenos Aires the Cardarelli team's interest in knowing the exact calculated cost. Hernán Lacunza and his people; on the tax package that Mauricio Macri launched after PASO. For the government, it will be 50 billion pesos, which will be partly covered by Nicolás Dujovne's legacy of a primary surplus of about 36 billion pesos in the first half; and what the collection contributes to the increase in domestic activity resulting from the overthrow of the pesos granted by the government. And that at the end of the story, the tax result would be neutral.

However, to be noticed, we have to wait to have the October numbers, which will be known in November. After the elections We will have to see if the argument closes the men of Cardarelli; that, similarly, may be the focus of current badysis in two agreed variables of impossible concretion: the inflationary goals and the pit between price increases and collection. The speculation of Buenos Aires is that from Washington there will be critics in the "paper"Written by Cardarelli, a tone even higher than the one printed by the Romans after the end of his first mission of the year (when he asked to end the monotax); but that finally the final recommendation of advice It will be to approve the disbursement for the country. And start rebuilding as soon as possible in relations with the next government.

Appointment

The first formal meeting with "albertismo" will take place this afternoon; when Werner, Cardarelli and Jamaican Trevor Alleine (a man who has recently shown diplomatic skills and the art of manipulating secrets) meet Guillermo Nielsen, Matías Kulfas (already back) and Cecilia Todesca. But the added value of the meeting will be that Alberto Fernández will be himself at the head of the exhibition on the position of the winning front of the Paso. The main position of the albertismo will be to listen to the visitors and to accept any type of obligatory debate on the figures and the critics of the present situation. But let the stone stand on that side; This is to maintain the maxim that says there is nothing to start negotiating with them because Alberto Fernández is still only a candidate and that 's the only one. OSP does not institutionalize its presence in power. What they will still mention at today 's meeting is the progress of the meeting of June 27th; when Werner himself arrived in Buenos Aires for an unofficial visit in order to meet the opposition candidates. At that meeting, Fernandez was diplomatic but direct when he questioned the IMF's authorization for the government of Mauricio Macri to use US dollars. support contain the exchange rate.

"Tell me, and knowing that you have political obligations, how was the last agreement approved, where the constituent instrument of the IMF is violated? How did they give Macri a similar loan under these conditions? "; It was the phrase to break Fernandez's ice.

The candidate quickly evoked the authorization that had been received on April 29, so that the government could use up to 9,000 million US dollars to limit subsequent runs until the end of the year. # 39; year; mechanism that allowed the government to maintain exchange rate stability until STEP elections. He defined this last agreement before Werner as a pact "with Macri, not with Argentina" which generated "a fictional and electoral dollar"; business resolved, for the albertistas, the devaluation of Monday, August 12 last. Article 6 of the IMF Charter, relating to Fernández, mentions that "no member may use the general resources of the Fund to cope with a substantial or continuous outflow of capital". Werner quietly listened to the always diplomatic badault. and according to the inhabitants, nodding. Then Fernández insisted that "it was clear that there were political problems behind" (not to mention the issue of Donald Trump's direct action in the last loan) and launched another goal: "Of the $ 39,000 million already lent, $ 30,000 million has already escaped. And will they lend us $ 11 billion more? They will give them to continue to fund the escape.

The new data available to the albertistes in the portfolio are as follows: since this meeting from June until last week, foreign currency outflows have risen to about 9,000 million.