A Biden official sent a gesture of support to Argentina in front of the IMF

As Christmas and the end of the year approach, in a hot December in Argentina after the legislative elections where the opposition triumphed in almost the entire country, the government is heading to close the renegotiation with the International Monetary Fund of the debt contracted by Mauricio Macri.  the National Security Council’s Undersecretary for the Western Hemisphere, Juan González, sent a positive message to the country. 

Juan Gonzalez, adviser to Joe Biden: “The IMF has learned that it is not always possible to use a model to prescribe macroeconomic policies in a political environment. The national context and factorial endowments must be taken into account.” – Ezequiel Orlando (@ZetaOrlando)
December 7, 2021

“The IMF has learned that you can’t always use a model to prescribe macro policy in a political environment,” he said at a conference organized by the consultancy Eurasia Group.Argentina must renegotiate with the international credit agency the 44 billion dollars it turned over to macri’s government between 2018 and 2019, in the largest loan in history since its emergence after World War II.

“We have to recognize the internal context, the endowment of factors, at the end of the day the Argentines have to devite a plan,” González said, in line with what the Fund demands of the country and that would be presented through the Multiannual Plan. after the explosions produced in recent years. And he concluded: “Brazil and Argentina are very important to us.”

Original source in Spanish