Argentina's Minister of Economy Luis Caputo is in Washington for the Spring Assembly of the International Monetary Fund. Caputo has to continue the conversations on the eighth review of the program with the IMF, which should close in mid-May.
The fiscal deficit, monetary financing, and reserve goals have been met, so it is estimated that the review will be passed without problems. But the government is seeking the IMF to disburse more money (there is talk of US$15 billion) to be able to get out of the trap with more room for maneuver. The organization for now does not seem too predisposed: “It is premature” to talk about it, spokesperson Julie Kozack said weeks ago. The minister spoke at a meeting organized by JP Morgan. This Thursday he will go with Posse to the IMF,. the Treasury, and the White House. He will meet these days with Kristalina Georgieva or Gita Gopinath, the organization's number two. Martn Castellano has just returned from Argentina, where he took a group of investors. They saw government officials, representatives of the private sector, political and economic analysts. Castellanos warned that "one of the main points being looked at now is political support, beyond the popular support." Washington is closely watching the evolution of Argentina's economic plan. The Treasury will visit the Treasury this Thursday, where they will meet with Jay Shambaugh, Janet Yellen's right-hand man, who was in Buenos Aires in December and is closely following the Argentine case. "Investors know Argentina and know how they have performed in recent years," said the expert. "There are proposals that favor private investment, that there is a stabilization plan, a clear policy to reduce inflation, the fiscal deficit, I think are already highly valued advances.'