BUENOS AIRES.- In Argentina, Javier Milei’s economic team prepares next week to face the scrutiny of the International Monetary Fund, which until now has only received preliminary positive results from the performance of that administration, which makes it possible for a technical team from the multilateral organization arrives in the country to evaluate, confirm the reforms and the long-awaited yes of a loan can be achieved.
IMF head Kristalina Georgieva He anticipated the country’s final grade by highlighting that Argentina has achieved “tremendous progress” and added, after his meeting with Javier Milei, that “the momentum for new reforms is strong; “This is a good time to give a greater boost to the country’s sails.”
Javier Milei met with Kristalina Georgieva, managing director of the International Monetary Fund (IMF) in Washington. The meeting, which took place at the hotel where the Argentine president is staying, lasted 75 minutes. Milei traveled to Donald Trump’s inauguration.
At the end, Georgieva told the Argentine press in the lobby: “We want to advance quickly on a new program and present it to the board” and confirmed that a technical mission from the IMF will travel to Buenos Aires next week.
Milei’s team aspires to support $18 billion for its adjustment policy and would change. For its part, behind the scenes the international entity has requested that the stocks and exchange restrictions be eliminated, which has not been done because for this there must be fresh money in the coffers of the Central Bank in case of any eventuality of capital outflows.
However, the Milei government has been insisting that capital is rather returning Through a Laundering Law, for example, it allowed $18,000 million cash to be repatriated while the economic and fiscal adjustments are in line with the IMF mandate.
When Milei was told “free the exchange market” he responded “give me the money”. The markets have responded satisfactorily, despite the currency trap, which has allowed the country’s risk to be improved with the possibility of obtaining resources from the international market with reasonable interest rates.
Javier Milei was on tour in the United States, between liberal forums and the inauguration of Donald Trump. But on Sunday his central activity: the meeting with the head of the International Monetary Fund, Kristalina Georgieva, gave him a diplomatic bonus.
The Minister of Economy, Luis Caputo, was also at the meeting.and Foreign Minister Gerardo Werthein, as well as Karina Milei. The outcome of the meeting, for now, was the responsibility of Georgieva, who spoke at the exit.
“It was an excellent meeting within the framework of tremendous progress what Argentina has done, with inflation on the decline, the stabilization of its economy, which has begun to grow.” In addition, she noted that “poverty has decreased” and “the Argentine population is beginning to see some benefits,” the official highlighted.
“Excellent meeting with President Milei: We are working on a new program to support a vibrant economy for the prosperity of the Argentine people,” said Kristalina Georgieva