The IMF establishes that it is advancing in the negotiation with Argentina to modify the program

The technical teams of the Ministry of Economy lead by sergio masa and of the International Monetary Fund (IMF) will work this week to set the current program that Argentina has with the credit agency.

The international organization conceded through a brief statement that “they continue to work constructively to strengthen the program supported by the Background in the context of the very severe drought”.

According to what PROFILE was able to learn, the economic team is advancing in the talks”constructivee” with the aim of rebalance the program due to the impact of the drought. Conversations are led via Zoom leonardo madurochief of worship of the Palace of Finance and gabriel rubinsteinSecretary of Economic Policy.

Retirement moratorium, dollars and the electoral fund: the keys to Massa’s new agreement with the IMF

From the multilateral organization they confirmed to this medium that the technical teams works constructively to strengthen the program supported by the Fund “in the context of the very severe drought”.

He also noted that discussions are ongoing. virtually and teams are expected to have several meetings this week to move forward with the program.

On the Fund’s side, denial is led by Luis Cubedduin charge of the Argentine mission within that organization.

The statement issued by the IMF confirms that work is being done in a reformulation of the agreement. In addition, it ratifies that accepts the scheme of intervention in the market of financial dollars making use of the scarce reserves of the Central Bank.

Weeks ago, a source close to the minister Massa revealed to PERFIL: “We are renegotiating it.” “We shit ourselves for three weeks to review it“, said source responded when asked about the harmony that existed between the claim of Cristina Kirchner to review the agreement with the IMF and the result obtained.

The move by Sergio Massa and Miguel Pesce that was born out of fear of a dollarization plan by Together for Change

In fact, in the balance that he made with his environment, the head of the Palacio de Hacienda successfully failed the reschedulingboth within the framework of economic conditions and in the internal political order.

Although Massa avoided putting the renegotiation in the domestic political mud, in the midst of the internal ones in the ruling party, made clear the seizure of political power to sit at the table of the Monetary Fundchanging central points, such as tax amnesty.

HE