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Alberto asks Biden for a bridge to reach December, but the US sets conditions


After the meeting with Biden there will be a new agreement with the IMF. The demand for political commitment, the President who "is on his way out" and the eye on China's business in the country.

Argentina will have a new agreement with the Monetary Fund and the Government asks the United States for additional fresh funds so that Alberto Fernández can finish his term.

The request addressed to the White House was formulated to prevent the bomb from exploding before the elections and Argentina entering, on the eve of the elections, into greater institutional instability.

Thus, the Casa Rosada and also Cristina Kirchner built the "parable of Alberto".

They took office ranting against the IMF and end up asking for special help from the US and the Fund itself.

Joe Biden heard the proposal on Alberto Fernández's tour.

There is no sympathy in Washington for the policy carried out by Argentina.

In the US, the duality of the President already

saturates and annoys Cristina's ancient anti-imperialist narrative


But the White House is following the delicate situation in Argentina in detail.

He does not want it to skid and put the entire Southern Cone in turbulence.

Washington knows – there is a reserved report – a disturbing fact:

the Central Bank only has unrestricted reserves for US$ 2,300 million


The taxi runs every day and would barely last 25 days.

Janet Yellen spoke about the issue at the presidential summit.


confirmed that the Head of the Treasury addressed another disturbing topic.

She said so:

"Inflation is unsustainable and worrisome in Argentina

. "

The Head of the White House patiently listened to Alberto's lamentations.

The President grumbled: "Then the Treasury staff complicates everything." Biden counterattacked: "In a week, Janet fixed the bank crisis." The issue is not a "long live the nugget." The US demanded a political

compromise concrete and measures to address the current economic dislocation


In other words, the Casa Rosada asks Washington for a lung engine for the Casa Rosada and political oxygen to arrive without new shocks until December.

That help will depend on one thing.

Let Fernández himself get his act together and

comply with the commitments demanded by Washington


In the secret meetings parallel to the summit, Washington asked Argentina to stop any agreement in progress with China.

A confidential State Department memo includes

five stinging questions


Do not hand over the Waterway to a Chinese consortium;

nor buy him war planes;

ensure equal competition in the 5G tender;

stop Atucha III and not give China the construction of the port of Ushuaia.

Alberto-Massa Summit in Washington

Alberto had a one-on-one meeting with Sergio Massa.

It happened after and immediately after the summit with Biden.

It took place in a room in the White House itself.

Both agreed that the meeting opened a way out.

Also that you have to act immediately.

Massa committed a sincericide: “You have to stop fucking around.

To jerk off mentally and get to work to carry out the agreement." Alberto was silent first and then responded. 

"See you in Olivos over the weekend

." Cristina's ghost flew over the meeting. Will the Vice accompany the move? Will he avoid his anti-US prejudices?In Washington they have the same doubts.

Massa suggested a meeting for both of them with Cristina.

A meeting to discuss the compromise with Washington, political issues and future candidacies.

Minister Sergio Massa meeting with Gita Gopinath IMF Chief Director photos @SergioMassa

Then they parted again.

Massa avoided the presidential entourage as much as possible and kept his own agenda.

He had a key negotiation with Gita Gopinath on Tuesday.

The relationship is hot and the minister decided to fire his own contacts.

He stayed one more day in Washington and had meetings with the IMF.

This Friday the board approves the December review and disburses US$5.2 billion.

Jorge Argüello and Marc Stanley were key to finalizing the match.

The two managed to overcome an inertia, since in Biden's environment they had recommended not spending time with Alberto.

Juan González - Biden's adviser for Latin America - and National Security adviser Jake Sullivan also played in favor.

Massa kept in touch with both.

There was a peculiarity: Economy delivered videos to officials explaining the situation in Argentina.

The Bridge Plan that Alberto wants consists of three key issues


First, negotiate a new agreement and new goals with the IMF until December.

Washington considers that

Alberto is on his way out

and that the substantive issues will be negotiated with the elected government in October.

A message for Horacio Rodríguez Larreta and Patricia Bullrich.

The initiative has the same logic as the 2021 agreement. A “light” agreement was agreed with Martín Guzmán so that the real negotiation is in 2024.

Only Cristina's myopia and the blind dogma of Máximo Kirchner transformed that perk into a “great fit”.

Both declared war and in July they almost ended up falling with Alberto off the cliff.

The serious governance crisis ended in a bullfight and one step away from Alberto leaving.

The Army Electoral Command itself met in those days to prepare to work in custody of early elections.

The central point of the proposal would be that

the US encourage the sending of additional money

to strengthen the reserves.

Argentina asks for US$ 10,000 million dollars.

In Washington, more cautious, they speak of US$ 5,000 million to strengthen the BCRA.

Biden was also spoken about a contribution through international financial organizations.

The third point of the Bridge Plan are proposals for local measures such as the elimination of tariff subsidies and the implementation of exchange measures.

Guillermo Michel summoned the cereal companies for this Friday: a dollar for agriculture will be announced as of April and a special dollar for regional economies.

The roar of the wolves of Wall Street

Alberto Fernández and Fabiola Yañez are received by Susan Segal, from the Council of the Americas.

Photo Americas Society/Council of the Americas

None of this was discussed at Alberto's eventful dinner with the wolves of Wall Street.

Susan Segal -of the Council of the Americas- brought together representatives of strong multis.

Among them, AES, Exxon, Coca Cola, HCBC.

The meeting was not pleasant.

There was a bad preparation and Alberto faced an avoidable wear and tear in front of investors.

There was little interest and anger over the time of the meeting.

Lisandro Miguens, from JP Morgan, attacked Peronism and irritated the President.

Miguens himself later prepared a secret report for his headquarters and detailed various unusual statements by the President.

For example, Alberto clarified to the multis:

"I'm not from La Cámpora

." It was to distance himself from Máximo's delusions. And then he put his finger into the internal stinging with Cristina. Frente de Todos", said the President before suggesting his re-election. "I am laying the foundations for a very good government from 2024". And he finished: "We are going to win the election because the memory of Macri is very fresh". That's why the ex-president's astute announcement upset the Frente de Todos that they will no longer have Macri in front of them as a preferred rival.

Macri ran the bow for them and now he is obsessed with his cousin's candidacy in the City.

He exclaims that "Jorge is the one who measures the most" and from his surroundings they affirm that Soledad Acuña would get off soon and a few weeks later, Fernán Quirós.

But Martin Lousteau challenges him.

He does not get off and appears with Larreta.

Macri took advantage of the week to have routine exams and sent a clear message in Juntos.

"I do not retire"


look also

The IMF board meets to approve the new reserve targets and disburse US$5.3 billion

Another attempt by Sergio Massa to strengthen the reserves: he launches a new "agro dollar"

Source: clarin

All news articles on 2023-03-31

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