He Ministry of Economy and the International Monetary Fund (IMF) -through a joint statement- announced this Sunday that ongoing negotiations have been completed and a technical agreement has been reached in which “the central objectives and parameters” were established which will be the basis of the understanding that will be raised in the coming days to the Board of Directors of the multilateral organization.

The agreement with basic conditions closed by Argentine officials and the technical staff of the IMF includes the disbursement program for Argentina for the second semester and that the Staff Level Agreement (SLA) be made official next Wednesday or Thursday. From the Palacio de Hacienda they underlined the “strong support and involvement of the White House and the US Congress to push the agreement” with the IMF.

On the morning of this Sunday, minutes before noon in Argentina, andhe IMF and the Ministry of Economy announced -jointly through their accounts on the social network Twitter- that they have completed the core aspects of the technical work of the next review.

“The central objectives and parameters that will be the basis for a ‘Staff Level Agreement’ have been agreed upon, which is expected to be finalized in the next few days and then move towards the review of the Argentina program,” they emphasized.

After which they added that said “The agreement seeks to consolidate the fiscal order and strengthen the reserves, recognizing the strong impact of the drought, the damage to exports and the country’s fiscal revenues.”

Negotiations in the capital of the United States started last Tuesday with the presence of Vice Minister Gabriel Rubinstein and Vice President of the Central Bank Lisandro Cleri, together with the director of that entity Jorge Carrera.

On Thursday morning more reinforcements were added, when the Ministry’s head of advisers, Leonardo Madcur, and the Secretary of Finance Raúl Rigo arrived.

In the midst of these negotiations, there were also telephone contacts between the Minister of Economy, Sergio Massa, and President Alberto Fernández with the Managing Director of the IMF, Cristalina Georgieva.