The Minister of Economy of the Nation, Martín Guzmán, referred to the negotiations with the International Monetary Fund following the visit of his staff to the country: “We advance in the guidelines of the program that will replace the failed previous program,” he said. The premise is to grow to shore up economic stabilization,” said the national official who commands negotiations with the credit agency.
With the IMF’s mission, we are advancing the agenda guidelines that will replace the failed previous agenda. It must be drawn up by us, from collective action and understanding of what we need. The premise is to grow to underpin economic stabilization. pic.twitter.com/NoOGMDyvTA — Martín Guzmán (@Martin_M_Guzman)
November 21, 2020
In recent weeks, Guzman has called for support from G20 countries for considering it necessary to reach an agreement with the G20 country to “resolve” the “macro and debt crisis.” It should be drawn up by us, from collective action and understanding of what we need,” the head of the Palace of Finance said on his Twitter account.
The mission to obtain information on the progress of the economy ended on Friday and it is estimated that the new agreement will be signed only in 2021, to reschedule loan payments of $44 billion. Following the end of the visit, the IMF assured that there is “progress” in Argentina’s intention to request a new support program, but warned that “a carefully calibrated set of policies will be required to promote stability.”