translated from Spanish: A new mission from the International Monetary Fund arrives at the Argentina

Encabezada by economist Roberto Cardarelli, a new mission from the International Monetary Fund (IMF) will arrive in Buenos Aires in the coming hours. This opportunity is the third visit of the technical team, which after know and review the macroeconomic variables present in the public accounts, will decide according to what was agreed, the disbursement of 10 billion dollars, aimed to the repayment of debts owed by the current administration. As has become common is this kind of meetings, the Fund’s mission will meet first with the Chancellor of the Exchequer, Nicolás Dujovne, as well as the President of the Central Bank, Guido Sandleris.

“In turn, and considering that we are coming to start an election year from the multilateral agency not was ruled out the possibility to hold meetings with the main opposition parties.” We try to meet with a wide range of sectors, with officials, representatives of the private sector and civil society, and sometimes also with opposition leaders. I don’t have specific details about if they will meet representatives of the opposition”, confirmed last week the IMF, Gerry Rice spokesman.

Let us remember that in the previous visit, representatives of the Fund held meetings with the leading figures of peronism not Kirchner, among whom was Sergio Massa, presidential candidate and those who described the agreement as “lousy”. Ultimately, after this visit and subsequent deposit of the mentioned amount, expected that, if everything proceeds as agreed, take place other two disbursements before the presidential elections.

The truth is that in the framework of the agreement stand-by with this organization, the administration of Mauricio Macri has decided to reduce the fiscal deficit to 0% for this year, made resulted in the austere budget 2019 and that means a deepening of the strong set started from its management. Thus, prior to deciding if, since 10 December of this year, there will be a new political picture, indeed that the ruling party will have received almost all of the 57,100 million dollars agreed upon with the IMF. In this note:

Original source in Spanish