The extension of the loan of the International Monetary Fund with the Argentine government generated uncertainty about the deadlines to be fulfilled and the possibility that with that money it will be possible to stabilize the economy of a country that has been shot in recent months. Carlos Melconían, former president of the Central bank, referred to the agreement and the closeness of the measure with the elections. The former official spoke of achieving “financial tranquility” as a basic objective and said: “It is almost a permanent issue, it is a year of very intense electoral calendar. With macroeconomic consequences, tranquility is attainable, that is to say the decrease of volatility, not that it will remain fixed. ”
Carlos Melconián referred to the agreement with the Fund. Photo: NA
But he called not to despair and uttered a harsh phrase. “Anyone who sees magnitudes and the maturity horizon of Argentina, can go to fight with the Monetary Fund, which is the equivalent of suicide in monetary and financial matters.” As he analyzed, in an interview at FM Millenium, “with a program and an agreement above the table, with the political class defining what to do, with the new president, the path of debt will inevitably be defined.” The electoral terrain requires salaries, credits; But it also requires peace and financial, “he noted. Precisely on the elections he ruled: “On December 10, 2019, the economy has to do its job so that Argentina will someday reduce the risk and be able to return to the markets. It is not a question exclusively of candidates, although they are very relevant. ” In this note:
