He Ministry of Economy once again postponed the sending of the mission to Washington whose objective was to finalize the details of the new agreement with the International Monetary Fund (IMF), in the midst of tough negotiations between the parties. In principle, it was scheduled that the Argentine entourage would leave this Tuesday night for the US but, once again, the trip was postponed. From the economic team they explain that the agreement “continues to be negotiated, progress continues.”

The group designated by Minister Sergio Massa to travel to Washington is made up of the Vice Minister of Economy, Gabriel Rubinstein; the head of Advisors, Leonardo Madcur; the second vice president of the BCRA, Lisandro Cleri; and Jorge Carrera, one of the directors of that entity.

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When the trip finally takes place, the official delegation will continue face-to-face discussions with the IMF technical staff, something that until now has been done virtually.

The Government seeks to reformulate the Extended Facilities program, with new macroeconomic guidelines for the second semester that consider the harsh impact of the greatest drought in the last hundred years in terms of foreign currency income and collection by cutting around US$20 billion agricultural exports forecast for this year.

In addition, the discussion also includes the request to increase the amount of the next disbursement above the amount originally scheduled for this review and the possibility of using a part to maintain exchange rate stability.