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The head of the International Monetary Fund (IMF), Christine Lagarde, Saturday hailed the "huge progress" of the Argentine government in the policies put in place after the loan granted to the country. 2019 and 2020, "Lagarde told a press conference in Buenos Aires with Argentine Finance Minister Nicolás Dujovne at the start of the first day of meetings of G20 economic leaders
. Mauricio Macri has asked the IMF for financial support of 50 billion US dollars (about 43 billion euros at the current exchange rate) – much criticized by the opposition – to be able to continue reforming the economy. economy and reduce the budget deficit after serious problems that the economy has encountered, especially with the devaluation of the peso against the dollar.
Although the financial program was only approved by the IMF Board just a month ago, for Lagard there was clear "progress" in budgetary terms.
Also in terms of the monetary situation, Lagarde considered that the measures taken by the Argentine Central Bank stabilized the situation, which is now less volatile
Lagarde also expressed confidence that the high inflation in Argentina – the prices rose 29.5% in June compared to the same month in 2017 and 3.7% compared to May – "will fall" by 2020
The IMF and Argentina have announced on June 7 to have reached an agreement in principle for a loan to the country in exchange for a program of reforms to control the deficit of the third Latin American economy.
is to strengthen the Argentine economy on the basis of four pillars: restore market confidence, protect the most vulnerable, strengthen the credibility of the central bank and reduce the budget deficit, according to the IMF
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