The Minister of Economy, Luis Caputohe met with the director of the International Monetary Fund, Kristalina Georgievawithin the framework of the meeting of G20 ministers that began this Wednesday in Brazil and will continue on Thursday.
The head of the Central Bank was present, as part of the Argentine delegation.Santiago Bausilithe vice president of the monetary entity, Vladimir Werningand the Secretary of Finance, Pablo Quirno.
After the meeting, the head of the Argentine Treasury Palace rated as “excellent”. Furthermore, he stressed that the organization “celebrates and supports the measures and the results obtained by this new administration”.
“The teams They will continue working on the best strategy to continue supporting the country’s efforts,” he added. With that expression, he shared an image on his Instagram account. X (ex Twitter) where both appear smiling.
said photograph It was also spread by the former Director General of the World Bankwho highlighted “the authorities’ sustained efforts to restore stability.”
“Excellent meeting with the Argentine minister Luis Caputo”, wrote. In turn, he welcomed “the sustained efforts of the authorities to restore stability, support the most vulnerable and build support for reforms“.
Excellent meeting with 🇦🇷 Argentina Minister @LuisCaputoAR on the margins of #G20Brasil. I welcomed the sustained efforts of the authorities to restore stability, support the most vulnerable, and build support for reforms. pic.twitter.com/w8bBTbER6O
— Kristalina Georgieva (@KGeorgieva) February 28, 2024
This meeting is not the only one that is part of Caputo’s busy schedule in Brazil for this couple of days. In the next few hours, too will maintain dialogue with his Brazilian counterpart, Fernando Haddadwho this Wednesday asked for a “global tax on the super rich” to reduce inequalities.
The German Finance Minister will also be seen, Christian Lindnerthe Secretary General of the OECD, Mathias Cormannand the Secretary of the Treasury of the United States, Janet Yellen.
Regarding the forum, you will have participation in the discussion panels on “The role of economic policies in addressing inequalities: national experiences and international cooperation” and the “Global outlook on growth, employment, inflation and financial stability.”
In addition, he will debate with his peers from the Group of 20 on “International taxation for the 21st century”y “Global debt and financing for sustainable development”.
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Expectations for a possible renegotiation of the agreement with the IMF
Caputo’s meeting with Georgieva took place just a week later of the visit to the City of Buenos Aires Buenos Aires by IMF First Deputy Managing Director Gita Gopinathwith whom the head of the Treasury Palace and the president Javier Miley They began to formally analyze the possibility of reach a new debt agreement.
It should be noted that the current program, revived by the administration of Freedom Advances con the approval of the seventh technical review in mid-Januaryafter failure to meet goals by Alberto Fernández’s management, will end in September. In turn, the National Government requested, at the end of last month, postpone the last review of 2024, scheduled for September.
During her visit to the federal capital, the second of the organization analyzed the public accounts and highlighted the fiscal adjustment plan of the National Government after knowing the financial surplus of $0.5 billion in January.
“I have been able to learn more about the progress that is being madebut also aboute the difficulties faced by the Argentine people. I heard first-hand from a wide range of stakeholders who shared their thoughts on how to address the country’s challenges and harness its vast potential“said Gopinath, in dialogue with the organization’s official website.
In the same way, he considered the need to “ensure that the burden of adjustment does not fall disproportionately on working families”something important, he considered, for ensure the success of the reforms promoted by the Governmentat the same level as the need for “work pragmatically to gain social and political support.” This is an aspect that Georgieva also emphasized this Wednesday.