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Kristalina Georgieva, director of the IMF: "We did not come to Argentina with the idea of ​​cutting spending even more"

2020-10-06T20:57:07.086Z


The managing director of the International Monetary Fund (IMF) said that the organization seeks to be part of "a lasting solution" for the country.


06/10/2020 - 17:48

  • Clarín.com

  • Economy

When this Tuesday the mission of the International Monetary Fund landed in Argentina that seeks to begin negotiations to refinance the previous loan, the managing director of the organization, Kristalina Georgieva, assured that

they do not come to the country with the intention of requesting a greater cut in spending. 

"We have been very clear in this crisis that it is important to support companies and, more importantly, workers. So we did not come with the idea of ​​'well, let's see how we can cut spending even more in these circumstances. 'We give this advice to everyone, "said the head of the IMF in a statement to CNN en Español.

“I wish the people of Argentina all the best in this difficult time.

Argentina has been hit twice, once by economic difficulties, increasing poverty, inflation, and measures that have been taken to stabilize the economy.

The second time, because of the pandemic that affects us all.

It has acted well to contain the pandemic ”, began the managing director of the organization when faced with the question

As he characterized,

"this crisis is an exogenous shock"

, in relation to the coronavirus.

“It made us do the unthinkable: stop consciously producing and consuming.

That requires relief achieved through support for the economy.

We are going to see what direction the dialogue takes, ”he said.

"We hope to be useful to Argentina to define medium-term growth objectives, to see what the obstacles to growth are and also so that the economy comes out stronger so that it can meet the expectations of the Argentine people," he added.

Asked if the IMF is willing to lend to the country again, she replied: “We are at a very early stage.

This is our first visit.

Of course Argentina is a member of the IMF and, as for all members, we are there for them, for the people of all our countries, in the same way that we are for the people of Argentina ”.

“We want to be part of a lasting solution to what has been cycles of advances and setbacks in Argentina for so long.

We are going to Argentina with an open mind to find a way for Argentina to have solidity, stability and prosperity ”, he concluded.

Argentina is seeking its 22nd loan with the IMF. In itself, the negotiation that began formally with the arrival of the mission today in Buenos Aires involves obtaining a new loan to repay the previous one, of which some US dollars were received in 13 months. $ 44,000 million.

News in development

AFG 


Look also

The IMF says the 2020 recession will not be as severe, but the recovery will be long and uneven

Claims to the IMF: the CGT will ask that the adjustment not reach the workers and the UIA that they do not raise taxes more

Source: clarin

All business articles on 2020-10-06

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