In the midst of the accusations between the ruling party and the opposition for the debt and in the face of the STEP on September 12, Martín Guzmán, Minister of Economy, will visit the National Congress this Thursday to share a report in the Bicameral Commission for Monitoring and Control of Foreign Debt.
The beginning of the meeting, which will unfold in a face-to-face, is agreed for 15 in the Blue Room of the Legislative Palace and will be headed by Formosan senator José Mayans, who chairs the commission.
Although details of the presentation that the minister will make have not yet been disclosed, it is expected that he will make a debt tracking and to explain whether the US $ 4,344 million in special drawing rights (SDRs) from the IMF that will be used to pay the debt to the agency will be accounted for as current income or, on the contrary, as a source of financing.
To provide the report, Guzmán will be accompanied by a team of eight officials: the Secretary of Finance, Rafael Ignacio Brigo; the Undersecretary of Financing, Ramiro Tosi; the Undersecretary of Information and Economic Diffusion, Vera Voskanyan; the Undersecretary of Institutional Relations, Rodrigo Maria Ruete; the Argentine representative to the International Monetary Fund, Sergio Chodos; the general director of Institutional Coordination, Lautaro Fidel Vicario; the adviser to the Ministry of Economy, Pablo Salinas; the chief of staff, Melina Mallamace; and the head of the External Public Debt Sustainability Management Unit, Rosana Bebén.
The visit to Congress takes place in the midst of a climate of tension between the ruling party and Together for Change regarding Argentina’s indebtedness. Without going any further, this Tuesday, during a campaign event in Tucumán, Guzmán criticized the opposition for a “brutal and harmful indebtedness“.
“How much was the debt in dollars that Juntos por el Cambio carried out? US $ 100,000 million, the people know, “he shot.
In this way, he lifted his gauntlet after criticism from Macri and former governor María Eugenia Vidal, who accused Alberto Fernández of putting the country into debt “faster”. Vidal said that since December 2019 the debt increased by US $ 30,000 million, but Guzmán considered it an “absolute deception.”
“One of the great challenges we faced in management was to solve the problem of debt in dollars that Juntos por el Cambio had left behind,” he said. “And we managed to restructure the debt in dollars with private creditors obtaining relief of approximately US $ 37,000 million for Argentina in the next 10 years,” he said.
The minister also described as “misleading” the estimates of the opposition to include in their calculations the debt in pesos. “When they say that debt in pesos is a problem, what they are saying is that what should be in Argentina is a fiscal adjustment,” he warned. And he promised that the government “will never go that way.”
The members of the Bicameral
The Bicameral Commission for Monitoring and Control of Foreign Debt is made up of Senators José Mayans, Matías Rodríguez, Maurice Closs, Oscar Parrilli, Adolfo Rodríguez Saá, María de los Ángeles Sacnun (Frente de Todos); Martín Lousteau, Ernesto Martínez, Pamela Verasay (Together for Change); and Alberto Weretilneck (Together We Are Río Negro).
In addition, there are the following deputies: Itaí Hagman, José Luis Gioja, Carlos Heller, Rodolfo Tailhade, Fernanda Vallejos (Frente de Todos); Luciano Laspina, Federico Angelini, Hernán Berisso, Brenda Austin and Ricardo Buryaile (Together for Change).