He International Monetary Fund admitted that he is “evaluating” the package of measures What did the minister drink? sergio masaand maintained that he is in discussion with Argentine officials to “strengthen the program and save stability in light of the severe drought”. The head of the Palacio de Hacienda depends on the approval of the multilateral credit organization, with the aim of get an advance on disbursements which will probably arrive in June and September next, totaling USD 10.6 billion. The Government’s objective is to avoid a sudden devaluation that would impact new increases in consumer prices, after the 8.4% coup in April, in order to sustain operational capacity and the political initiative so that the ruling party can confront, in a competitive, the presidential elections next October.
“We are evaluating the measures. As we have said before, we continue to discuss ways of strengthen the program and save stability in light of the severe drought. This includes policies for improve fiscal sustainability and strengthen reservesessential ambassadors for reduces inflationwhile protecting the most vulnerable,” said an IMF spokesman, consulted by PROFILE.
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