The IMF said it is “very close to reaching a full agreement with Argentina.”

The director of the Western Hemisphere Department of the International Monetary Fund (IMF), Ilan Goldfajn, said that the organization is “very close with the Argentine authorities to reach a complete agreement,” when he presented this afternoon to businessmen and economists in the region. Goldfajn, who took over last month as the new director of the IMF’s Western Hemisphere Department, spoke about Latin America’s prospects at a virtual conference by the Council of the Americas.

“We have published the understanding of this program, of the social programs, we have seen what the fiscal path is, but we are now very close to reaching a complete agreement with all the details and all the reforms that are in the new program,” he said before the consultation of Susan Segal. And he continued: “We have intense meetings, many virtual, and that takes almost 24 hours a day, seven days a week,” said the Brazilian economist and former head of the Central Bank of his country. “When we finish we send it to the board of directors and they will say what they will say; the reality of Argentina must be taken into consideration; it is a realistic and reliable program that is only for Argentina in the broadest sense, this is a credible program, in a pragmatic and feasible way,” he analyzed. Economy Minister Martin Guzman said that the draft agreement with the IMF will be sent to Congress by the Executive Branch with “annexes that will contain all the documents” and “each of its details.” The idea that there are going to be secret documents is nonsense. Once the agreement at the IMF staff level has been finalized, a bill will be sent to the National Congress that in its annexes will contain all the documents that are the basis of that agreement, with each of its details,” Guzman said in statements to Télam.In recent days there were diplomatic meetings between the Argentine Government and the United States. In this regard, Foreign Minister Santiago Cafiero stressed that “there was an accompaniment of the political wing of the Joe Biden administration” in the framework of the negotiations that the Argentine Government maintains with the Fund. “We needed them to get involved and they did,” Cafiero said today, a day after having held a meeting with the U.S. ambassador to Argentina, Marc Stanley.Both Guzman and the Argentine representative to the IMF, Sergio Chodos, continued at the G20 – virtually and in person – with the search to garner support for the Argentine position when the formal vote is held at the IMF, before the teams of finance ministers who participated in the first summit of the year in Indonesia.

Original source in Spanish

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