The stay in Washington of the economic team will be until Saturday, led by Economy Minister Luis Caputo at the annual meeting of the IMP And the World Bank will be very different from those sent by Argentina since 1958 to the date it signed its first agreement with the agency.
In this context, Caputo will be received by the managing director of the Kristalina Georgieva organismwho was the main defender of the Milei government setting program in front of the Staff and Board of the agency.
Unlike her predecessor, Christine Lagarde, who signed the agreement with the IMF in July 2.018 with the government of Mauricio Macri the official always believed in Milei and her economic plan.
But Gita Gopinath, the deputy manager of the IMF and Chilean economist Rodrigo Valdez, the IMF director for the Western hemisphere were those who did not believe in the different technical variables and the novel scheme to clean up the BCRA presented by Milei and the economic team.
Luis Caputo meets with the IMF and other organisms
Caputo will also meet the head of the World Bank, Ajay Banga, will participate in a G20 plenaryand will meet with Jörg Kukies – Minister of Finance of Germany-, Éric Lombard, Minister of Economy of France.
Today he will present by closed doors, without the presence of journalism, before a select auditorium called by JP Morgan.
Yesterday, Finance Secretary Pablo Quirno presented in his participation in a G24 meeting and spoke about the benefits of the adjustment plan and new exchange system.
“We have worked to demonstrate our willingness to pay, and we will comply with all the commitments,” said Quirno regarding public debt matches in 2025 with private creditors.
Quirno surprised the auditorium by stating that The government had not only raised the stock for human people, but also had done it for companies.
In that aspect he replied with his statements a previous tweet in his account of the social network X by stating that: “The stocks for companies was also raised. Companies can access to buy dollars for their imports freely. They can also repatriate profits generated from 1/1/25. The stock of profits to distribute prior to 1/1/25 will be resolved by means of the emission of Bopreal dividends.”
According to what he could know iprofesionalQuirno will have meetings with the managers of the Morgan Stanley Capital Invest (MSCI) agency For Argentina to improve its qualification in the country risk index and border country pass or stand Alone to an emerging country or emerging market.
Together with Caputo and Quirno are the head of the BCRA Santiago Bausili, who today will present the “Argentine case” in a panel organized by the IMF, Vice Minister José Luis Daza and the vice president of the BCRA Vladimir Werning.
Caputo reached the IMF headquarters institutional tensions and questions as well and also The explicit support of the United States Treasury Secretariat was addedwhich has a great influence on the global world political system.
In addition, Luis Caputo arrives in a world commercial and financial climate altered by the strongly protectionist initiatives of the president of the United States, Donald Trump.
Caputo will expose after the support of the United States Secretary of the Treasury
Thanks to the successful planning of the macroeconomy devised by the president of the nation Javier Milei and put into practice for him and his economic team, Caputo will be shown in Washington as one of the most successful economy ministers in the world for the agreement signed with the IMF and international financial organizations such as the World Bank and the Inter -American Development Bank for about 23,100 million dollars.
But Milei with Caputo and his team also added a strong support from the United States Treasury something that advanced iprofesional Exclusively on March 10 before the visit of Treasury Secretary Scott Besent to Argentina.
Yesterday Besent, said in investors that The White House could give the Argentine government a direct credit line In case there was an external shock.
“If Argentina needs it, in case of an external shock and if Milei maintains the course, we would be willing to use the FSE said BaSsent in reference to the United States Treasury Exchange Stabilization Fund. This type of financial aid used Mexico in 1995 when the famous tequila effect exploded and received about 45,000 million dollars.
While for Argentina according to what he could know iprofesional Financial aid could reach about 20,000 million dollars.
Besent yesterday made these statements, at a closed meeting against investors organized by JP Morgan in Washington, according to the Bloomberg agency.
Remember that Besent was at Casa Rosada on Monday, April 14, the same day as The government eliminated the exchange rate and put into operation the new scheme of flotation bands for the dollar.
Besent made a lightning visit for Buenos Aires in which he had meetings with President Javier Milei and Economy Minister Luis Caputo, plus a lunch with private sector executives in the North American Chamber of Commerce (AMCHAM). He had words of support to the economic plan of the libertarian government, and his scale for the country was coinciding with the implementation of the new phase of the economic program and after the announcement of the agreement with the IMF.
“The reason for my presence today is that it is a key day. The Milei government has implemented three adjustments, and this marks the beginning of the third. They implemented a significant fiscal adjustment, an important monetary adjustment and on Friday they announced a significant exchange adjustment. The IMF has assigned 20,000 million dollars. The World Bank has assigned them 12. 000 million dollars, and wanted to come today to show my support to President Milei to rescue Argentina from the abyss, “he said.
When asked about the beginning of negotiations with different countries after the announcement of generalized rise in tariffs by the United States, among them with Argentina, Besent mentioned: “As with everyone else, I tell them that they give the best of themselves. We will see what they do and we will leave from there.” “Can any country get to zero?” Asked Bloomberg’s special sent. “We’ll see. I don’t know what will happen to tariff and non -tariff commercial barriers, exchange manipulation and workforce subsidies and facilities,” he said. “There is a wide range of possibilities,” added the Secretary of the Treasury.
The IMF and the economic perspectives on Argentina
Regarding coins swap between the Central Bank of the Argentine Republic (BCRA) and the Popular Bank of ChinaBesent said: “They have a credit swap of 18,000 million dollars in yuan. Argentina, under the previous Peronist government, obtained 5,000 million dollars, and that amount will remain pending. The Chinese showed a great effort after the announcement, or in conjunction with that of the IMF, so it will extend a year. I think, as this administration maintains its inflexible economic policy, They should eventually have enough currency tickets to pay it“He stated.
After the meeting with Milei, from the treasure they said that “during the meeting, Secretary Besent reaffirmed US’s full support to the bold economic reforms of President Milei and praised him for the speedy action of his government to reduce the barriers to reciprocal trade,” said the US body.
In addition, he congratulated him “for the recent and successful negotiations of Argentina with the International Monetary Fund (IMF)” YRHe looked at the confidence of the Republican Administration “to continue promoting the positive economic impulse of Argentina.”
The IMF yesterday presented its report of Global Economic Perspectives (Weo), where it warned about a significant world deceleration by 2025, due to reciprocal tariffs imposed by the White House on all goods that are exported to the United States.
In the case of Argentina, that IMF report describes that the national economy will grow 5.5 percent of GDP and inflation will remain in a range between 18 and 23 percent.
While the report predicted a decrease in global economic growth that would go 3.3 percent to 2.8 percent in 2025. “We still maintain the improvement of 5.5% for Argentina. And this is related to the positive surprises we have seen despite a very strong tax adjustment.
“I think that the recovery of trust has greatly influenced this prognosis,” said Petya Koeva-Brooks, director of the IMF Research Department, at a press conference organized by the multilateral agency yesterday.
