This Tuesday, the International Monetary Fund (IMF) supported the negotiations with Argentina by assuring that “Talks are progressing constructively.”
In the midst of the escalation of the exchange rate, spokespersons pointed out that “The technical staff continues to work with the Argentine authorities to strengthen the economic program agreed with the country in the context of the very severe drought.”
In that line, from IMF they stated that “The exchanges between the authorities and the International Monetary Fund team are progressing constructively.” The silence of the international entity before the requests of the Argentine government to modify the current program was one of the points that added uncertainty in the market, after the Government failed to meet the deficit goal at the end of the first quarter.
A delegation from the Ministry of Economy will travel this Thursday to Washington to speed up the renegotiation of the agreement with the IMF. The Minister of Economy, Sergio Massaassured that “They will use all the tools of the State to order this situation”.
The minister announced that he will use “to the economic Criminal Justice as a vehicle for investigation and clarification of some behaviors and to the UIF and the CNV for the analysis of operations related to money laundering. At the same time, we are going to continue with the multilateral agreements, exporters with the transformation of exports into yuan and the disbursement agreement with the IMF to strengthen the reserves that were affected by the impact of the drought,” concluded in his communication on social networks.
The blue dollar began this Tuesday with a strong rise that led it to $497 around 1:00 p.m.