The Nation’s Minister of Economy, Martín Guzmán, defended the agreement between Argentina and the International Monetary Fund (IMF) and assured that “reducing inflation is the main objective of macroeconomic policy.”
This Friday after his return from France where he conducted negotiations with the Paris Club, the official granted reports to the newspapers Clarion and The nation . Regarding the agreement, he said that “it is important to work on the basis of consensus but also with reasonableness.”
“The Russian invasion of Ukraine has been a very strong shock for everyone. It has implied an increase in the price of food around the world and an increase in the cost of energy. In the last weeks of the negotiation (with the IMF), precisely, there was a focus on including certain guidelines that allow us to have the capacity to react to contingencies. In the world we are living in, the levels of global uncertainty are high and, therefore, contingencies are appearing,” said the minister.
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And he added: “Today we have a platform of greater stability, which did not exist before. Before there was a different level of uncertainty. Today there is a path that can be traveled, understanding that along that path, situations with that will have to be dealt with. That is what we will do with the national government.”
I also highlight that the Argentine economy: “Growed 10.3% in 2021, exceeding all forecasts. Multilateral organizations projected that it would take between four and five years to be able to recover what was lost in 2020. The recovery has been very strong “, both from the point of view of production and employment, as well as from investment. What we seek with this agreement is to be able to continue this trend.”