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Kristalina Georgieva spoke of the IMF's relationship with Argentina: 'We work constructively'

2020-12-16T18:55:46.965Z


The head of the International Monetary Fund assured that the organization will work with the Government until the country "has clarity about its medium-term objectives."


12/16/2020 3:24 PM

  • Clarín.com

  • Politics

Updated 12/16/2020 3:24 PM

The head of the International Monetary Fund (IMF), Kristalina Georgieva, highlighted this Wednesday that the organization "

works constructively with Argentina

" within the framework of the development of a new financing program for the country.

In an interview with the Spanish newspaper

El País

to talk about the region, Georgieva referred to the agreement that the organization negotiates with the Government of Alberto Fernández, and the policy that the country and the region must take to face the pandemic.

"We are working constructively with Argentina: we have made two visits to Buenos Aires, and we have just received a team in Washington," he said.

"Our commitment will continue for

as long as is necessary

for Argentina to be clear about its medium-term objectives: we want to work together," remarked the Fund's managing director when asked whether it was feasible to close an agreement by next March.

Georgieva with the Minister of Economy, Martín Guzmán.

Photo: Reuters.

Regarding the threat of the coronavirus pandemic, he considered it important that countries do not withdraw support from the most vulnerable sectors.

Since the first days of the pandemic, there has been a very significant risk of an increase in poverty in the four largest Latin American economies: Brazil, Mexico, Argentina and Colombia.

"If this has been contained, it is precisely

thanks to these support policies,

" he said, and advocated that the countries maintain such support.

"The first priority must continue to be preventing poverty from skyrocketing. Removing that lifeline prematurely is a danger in terms of poverty and inequality, and withdrawing support now would also hamper recovery: so far what we have seen is that the countries that most They are recovering quickly and have in common having managed to control the pandemic and have helped people and companies, "said Georgieva, regarding Brazil's statement to remove support by 2021.

And he added: "These successful countries are the cases of China, Vietnam or South Korea, which form the small club of economies that will close 2020 with positive growth rates."

With information from agencies.

Look also

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Source: clarin

All news articles on 2020-12-16

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