Argentina is trying to “revive” the agreement with the International Monetary Fund (IMF) after “the systematic failure to meet its goals”, said this Monday (8) the country's presidential spokesman, Manuel Adorni.
In a press conference at Casa Rosada, he referred in this way to the meetings that have been taking place since last weekend between delegations from the Argentine government and the multilateral organization, in Buenos Aires, with the aim of renegotiating the debt that the country owes to the entity .
After several technical meetings, the IMF envoys are expected to meet this Monday with the chief of staff of President Javier Milei's government, Nicolás Posse, and the Minister of Economy, Luis Caputo.
Adorni stated that the Argentine government is seeking a new agreement with the fund. “It is the only thing that is being sought today: trying to revive the agreement that fell apart due to the country's systematic failure to meet its goals with the organization.”
The presidential spokesman said that the measures taken by the government that took power on December 10 are “in line” with the goals imposed and that they “will be met.”
“The new plan that we are implementing is a plan to bring order to the accounts and in various aspects of the Argentine economy that should not have any type of inconvenience so that the agreement is not remade, and efforts are concentrated on this,” he stated
The meeting between Argentine authorities and IMF envoys had been announced for January 4th, but was postponed until this week so that technical meetings could be held over the weekend.
Argentina and the IMF are trying to reach an agreement on the renegotiation of the country's debt maturities with the organization. The Milei government's intention is to postpone this year's first installments, which are due on January 9th (US$1.3 billion) and January 16th (US$650 million).
Argentina's debt with the IMF, with which it signed a refinancing agreement in March 2022, already reaches around US$46 billion (R$224.4 billion) due to the interest generated.
After taking office, the libertarian had to take out a short-term loan from the CAF-Development Bank of Latin America in the amount of US$960 million (R$4.6 billion) to pay the installment due on December 21st. .
The IMF supported the measures taken by the new Argentine government, which aim to achieve fiscal adjustment, cut public spending and reduce currency issuance.
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