The managing director of the International Monetary Fund, Kristalina Georgieva, said this Thursday that Argentina is moving very quickly to adjust fiscal spending. He assured this within the framework of the organization's Assembly in Washington.
And he added that the fiscal adjustment is also advancing rapidly. The Fund predicted a decline in the Argentine economy of 2.8% this year and a rebound to 5% next year. Regarding inflation, the Fund projected 150% by end of 2024 and 45% by end of 2025. 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 to get better performance from the country, he said. The eighth review of the program should be completed in mid-May and would allow a disbursement of some US $ 770 million, he added. He also noted that "inflation in Argentina is falling faster than we initially expected." and that the country is attracting private investment.