The Limited Times

Now you can see non-English news...

Hernán Lacunza: 'Not signing with the IMF is not an option'

2021-09-16T14:03:06.477Z

"Without that, we cannot even begin to talk about how to finance next year," said former Economy Minister Mauricio Macri.



09/16/2021 10:32 AM

  • Clarín.com

  • Economy

Updated 09/16/2021 10:36 AM

For the former Minister of Economy, Hernán Lacunza,

"not signing with the IMF is not an option

.

"

His sayings are given in the midst of the internal politics that took place three days after the official defeat in the PASO. Everything seems to indicate that the vice president's anger, which led to an outbreak of resignations by cabinet officials who respond to the Christian wing, deepened when President Alberto Fernández, together with the Minister of Economy Martín Guzmán, said that a agreement with the International Monetary Fund to continue moving forward.

"It is not the same to sign or not to sign, I would say that it is not an option not to sign," said economist Hernán Lacunza.

And he added: "And the Government knows it. To put it in numbers, next year

Argentina has a shortage of 10% of GDP, of which 5% are with the Fund

. So, if there is no agreement with the IMF You can't even begin to talk about how to finance next year. "

With that example, Lacunza stressed that "there is no option" other than to close an agreement, "if what you want is to have an orderly transition," he said.

And in that sense, he clarified that

"then rather the question is not whether or not there will be an agreement, if not what type, what quality of agreement"

is going to close.

When trying to draw a parallel between the current political-economic turbulence and the one that he had to go through as Mauricio Macri's Minister of Economy, the economist used a football metaphor. "In these contexts

, one does not focus so much on the front arc, but on one's own

to see how superior evils are avoided," he said.

In this sense, and marking the differences with what the macrismo faced at the time (after the PASO of 2019), Lacunza assured that

"economic policy is used to avoid the risks associated with political instability

." Economic policy is focused.

in avoiding financial disruption.

In the first place, the savings of the Argentines.

Second, income, inflation and the dollar should not skyrocket, "he stressed.

"All this is paid for by the poor, who are the least able to defend themselves from the turbulence,"

the former Macri official stressed in this regard.

When asked if Cristina Kirchner is aware of the importance of closing an agreement with the international credit organization, he said "I want to believe so, because if not that ignorance would be paid for by all Argentines."

"No government unreasonably commits suicide

,

" he

summarized.

And in that sense, he said he believed that "the problem is not the agreement itself, but in any case

the content of that alleged agreement

.

"

"There the risk is that an agreement is too very superficial, which may sound like music to the government's ears at first, but it will not serve to reverse expectations, nor will it generate confidence for the future."

sentenced.

If we can't reverse that, what

Regarding the role of the opposition, Lacunza assured that

"it will be cooperative as long as it sees a serious program behind it" and that beyond the Fund.

 YN

Look also

What plan can be presented to Washington after yesterday?

At the end of a hectic day, Guzmán sent the Budget 2022: dollar at $ 131.10 and inflation of 33%

Source: clarin

All business articles on 2021-09-16

You may like

Trends 24h

Business 2021-10-13T18:15:49.529Z
Business 2021-10-13T18:57:52.415Z

Latest

© Communities 2019 - Privacy