with the looks towards Georgieva and the discussion about the fees

This is what he had anticipated last week at the conference of the XV United Nations Conference on Trade and Development (UNCTAD). “The unsustainable debt burden is preventing countries from establishing recovery paths and creating destabilizing economic and social dynamics,” the minister said. “Most countries, when they restructure sovereign debt, do not get the burden relief needed to restore sustainability.“of their savings.

He added that countries “do not have the capacity to fight in the way necessary to achieve an effective resolution of the sovereign debt crisis and it is clear that we need reforms.” His words were in the same vein as his mentor, Nobel laureate in economics Joseph Stiglitz.

In addition, Miguel Pesce, head of the Central Bank, who will also participate in the G20 summit, will travel with him. and the annual meeting of the Fund, within the framework of the Argentine delegation which will include the director of Argentina at the IMF, Sergio Chodos, according to official sources.

Between Monday and Tuesday, Guzmán is expected to meet with the Fund’s counterpart, the head of the team negotiating with the country, Julie Kozack, and the organization’s permanent envoy to Argentina, Venezuelan Luis Cubbedu.

On Tuesday morning, the IMF – through its chief economist, Gita Gopinath – will release the traditional Global Growth Prospects (WEP) report, which continues to be clouded by the development and outbreaks of the pandemic. Guzmán will meet Georgieva, first at the summit of G20 finance ministers, then a solo meeting is scheduled, according to close associates of the minister.

On Wednesday the 13th, the fourth summit of G20 finance ministers and central bank presidents under Italian presidency will also take place in Washington, which will discuss issues of interest to Argentina, ahead of the Fund’s annual meeting. G20 ministers will also assess how to continue to support vulnerable countries affected by the Covid-19 pandemic.

With eyes towards the IMF

The board of directors of the International Monetary Fund will meet again today with the Managing Director Kristalina Georgieva and the legal study which indicates that the official pressured the staff ofl World Bank change the data to benefit China while serving as the entity’s chief executive, according to people familiar with the plan.

It is estimated that there may be a definition tomorrow, Monday, when finance ministers and other officials from many of the 190 IMF member countries meet in Washington for the annual fall IMF and World Bank meetings. , said one of the sources.

The IMF’s executive board debated the issue for five hours on Friday before adjourning the session and asking for more “clarifying details.” The scandal threatens to overshadow high-level meetings on the global economy, the Covid-19 pandemic and global tax issues, in discussions to be held in part in person, along with other online gatherings. In normal years, the event draws around 10,000 people to Washington.

Georgieva denies the allegations, which date back to 2017, when she was executive director of the World Bank. His lawyer says the investigation by law firm WilmerHale partly violated World Bank staffing rules by denying him the opportunity to respond to the allegations, a claim WilmerHale denies.

Lawyers for Georgieva and WilmerHale will appear separately at Sunday’s board meeting, the sources said, who requested anonymity. No comment was immediately available from Georgieva or the cabinet.

The institutional crisis that the IMF is going through could suspend the government’s negotiations with the organization to reach an agreement. A change in driving profile could change the rules of the game.