The managing director of the International Monetary Fund,
Kristalina Georgieva,
said this Thursday that Argentina
“is moving very quickly
” to adjust fiscal spending and that
“inflation is falling faster than we initially expected
. ”
In a press conference within the framework of the IMF and World Bank Assembly, Georgieva referred to the country when talking about growth in Latin America.
“If we look at Argentina, which has long been perceived as a laggard country from the point of view of reforms, we see that it is now moving very quickly in fiscal adjustment. The country is
attracting private investment
to seek better performance,” said the official.
He also noted that “
inflation in Argentina is falling faster than we had initially expected.”
In its global outlook report presented on Tuesday, the Fund predicted a decline in the Argentine economy of 2.8% this year and a rebound to 5% next year. Regarding inflation,
it projected 150% by the end of 2024 and 45% by the end of 2025.
Georgieva's definitions come when the Minister of Economy
Luis Caputo
; The head of the Central Bank
Santiago Bausili
and the Chief of Staff
Nicolás Posse
participate in the Assembly of the organization and the G20 with ministers from around the world.
Beyond the global meetings, Argentine officials take advantage of the trip to
sharpen the eighth review of the program,
which should be completed
in mid-May
and would allow a disbursement of some US$ 770 million.
But the Government is also enthusiastic about a new program that expands the loan to Argentina, with some US$ 15,000 million that would be used fundamentally
to be able to get out of the stocks
. However, spokeswoman
Julie Kozack
said weeks ago that it was
"premature"
to talk about the issue.
Although there were no official announcements,
it is possible that the Argentines will meet with Georgieva at some point or more possibly with Gita Gopinath, the
Fund's number two, who was in Buenos Aires last month and closely follows the evolution of the plan. Milei and compliance with the program.
In the afternoon,
Caputo and Posse will go to the Treasury, where they will see Jay Shambaugh, Janet Yellen's right-hand man
, who was in Buenos Aires in December and is closely following the Argentine case.
Washington monitors the evolution of the Argentine economic plan. The role of the Treasury is fundamental for any negotiation or new program with the Fund, since the United States is the organization's main shareholder and its vote has more weight than any other country on the executive board.
Both will then walk a few steps towards the White House to meet with the new
Security Advisor for Latin America,
Dan Erikson, who replaced Juan González days ago.
Caputo will meet on Friday with the president of the Inter-American Development Bank (IDB), Ilan Goldfajn, who also met with President Milei last week in Miami.