translated from Spanish: Dujovne and Lagarde met but there is no news on the dollar

the expected meeting between the Chancellor of the Exchequer, Nicolás Dujovne, and the President of the IMF, Christine Lagarde, was finally yesterday in Washington, waiting for that by the end of month is approved a new disbursement from the international body. The meeting with Lagarde, that lasted less than 1 hour, there will be a couple of weeks until the IMF’s Executive Board set to approve a disbursement of a new tranche of US $10,700 million loan stand-by agreed with the Agency in the midst of the financial crisis.
“It was a pleasure to meet @NicoDujovne at the IMF. We had a good discussion on recent economic developments in #Argentina. The continued implementation of the programme of reforms of the authorities will be crucial for a stable economy and sustainable growth.”said on his Twitter account, Lagarde.Fuentes of the Palace of finance assured that the meeting not discussed about the escalation of the dollar, which yesterday closed at 42,30 pesos, while the Central Bank continues raising rates to try to stop it. The rate is already above 63% annual. The spokesmen also rejected that meeting had the objective of improving the aspects included in the settlement by 57.100 million US $. In this sense, did not appear to be changes in the strategy used by the Government, where the interest rate variable to stabilize the exchange rate. At the expense of the real economy and with an industry that denounces a terminal situation, it seems that the election year brings not for now, changes in the equation. In this note:

Original source in Spanish