a delegation from the International Monetary Fund will arrive in Buenos Aires Monday to analyze the State of the accounts of the Government and enabling new disbursement of credit S.irislinearity Italian Roberto Cardarelli, in charge of the “Argentine case”, will lead the technical team that, in addition to meeting with the Minister of finance, will talk Nicolás Dujovne, and the President of the Central Bank, Guido Sandleris, with representatives of civil society. Anticipated that agenda foresees meetings with economists and private consultants but also related economic opposition, as well as with representatives of the Academy and social groupings. If the IMF approves of numbers from the national Government, will release in March a disbursement of about $7,000 million, which will be used for the repayment of debts.
This is the second review of the stand-by for 56.300 million dollars agreed agreement in October, then no he could comply with the agreed in June.
“To the extent that we issue pesos (to buy dollars) also maintain as working capital dollars that disburses us Fund, and much less use them more chances there are that go through to 2020 2019 disbursements”, Dujovne told the journal the Nation a few days ago.
The first version of the agreement established for the 2019 a fiscal deficit of 1.3% of GDP. But the Government pledged in October to reach fiscal balance this year, anticipating the goal scheduled for 2020. 2018 would have ended with a deficit of 2.3% of GDP, a result which was approved by the IMF. In this note:
