He International Monetary Fund (IMF) welcomed the approval of the Bases law and the fiscal package early this morning by the national Congress.
In a message published on the social network Julie Kozack He said: “We welcome Congress’s approval of key fiscal and structural legislation, as well as measures to strengthen the monetary policy framework. These are intended to improve the quality of fiscal consolidation, further reduce inflation, and support economic recovery.”
In addition, he added: “We continue to collaborate constructively with the economic team on policies to create a more prosperous and stable Argentina.”
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As published Ambit, Ministry of Economy officials and IMF technicians continue to maintain numerous meetingsfacing the possibility of negotiating a new agreement.
The Government must “refine monetary and exchange rate policy frameworks and communication to firmly entrench the disinflation process, further improve reserve coverage and support the transition to a new regime of “monetary competition”, indicated days ago the latest agency report on the country.
The organization understands that “this should be complemented with a well-calibrated easing of capital flow regulation measures, with early elimination of the most distorting multiple exchange rates and exchange restrictions, as well as reforms to create a more market-oriented economy “that supports a rebound in activity and boosts Argentina’s growth potential.”
