While continuing his tour of Europe, Alberto Fernández added new support in the negotiation with the International Monetary Fund after Pedro Sánchez, Spanish representative, backed the country. After adding up Portugal’s will, Fernandez now added the words of the Spanish socialist in the discussion over the collection of overtasse from the multilateral body.” During these long months we are working, Argentina and Spain, to review this mechanism. We support this, dear President Fernandez,” Sanchez said.
“With the president we share that the vaccine must be a global good. It is a moral and ethical imperative that reaches everyone and is the effort we must make as a global community.” The President @alferdez in return with the President of Spain, @sanchezcastejon. pic.twitter.com/0I3wQjaD6X — Alberto Fernández Prensa (@alferdezprensa)
May 11, 2021
In the joint statement that both officials provided following their meeting at the Palacio de la Moncloa, Sánchez added: “The International Monetary Fund’s (IMF) overtasse mechanism is greatly damaging Argentina’s economic and financial possibilities.”
In this regard, the Argentine president said that Spain “always accompanied us in our developments, as well as in suspending the implementation of the overtastes imposed by the IMF”, and appreciated the support of that country. At the end of this meeting, the second since Fernández took office in December 2019, they confirmed a visit by Sánchez to Argentina for June with investment announcements.
Spain was always by our side in the face of the immense debt we inherited and supports the IMF’s call to suspend overtasse to countries that spread in the credit quota. These interest triples the fee and the impossibility of payment is accentuated by the pandemic. — Alberto Fernández (@alferdez)
May 11, 2021
“In the situations that we must face international organizations, Spain was always at our side. I want to publicly thank the President for this,” Fernandez said.