President Javier Milei will have bilateral meetings with Giorgia Melonipresident of the Council of Ministers of Italy, Ajay Bangapresident of the World Bank, Emmanuel Macronpresident of France, and Kristalina GeorgievaDirector of the International Monetary Fund.
President Javier Milei will meet with the head of the International Monetary Fund (IMF) within the framework of the G7 meeting in Italy and prior to the start of a new negotiation with the multilateral credit organization, as confirmed by official sources. .
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President Milei’s trip to the city of Bari is scheduled for tonight, while the Senate of the Nation is debating the Law Bases and the tax packagewhich the Government hopes to approve – although it must still be ratified by Deputies, because it will have changes – to take as a trophy to the main leaders of the world.
On Friday he will speak as part of the extended session “Artificial Intelligence and Energy” and later will have bilateral meetings with Giorgia Melonipresident of the Council of Ministers of Italy, Ajay Bangapresident of the World Bank, Emmanuel Macronpresident of France, and Kristalina GeorgievaDirector of the International Monetary Fund.
Meanwhile, on Saturday he will travel to the city of Bürgenstock, Switzerland, to participate in the Ukraine Global Peace Summit. There he will have a bilateral meeting with Volodymyr Zelensky, President of Ukraine, who will present him with the “Order of Freedom” decoration. On Saturday night, Milei will begin her return to the country and on Sunday at 8:30 she will arrive in Buenos Aires.
The IMF Board will meet next Thursday to analyze the eighth review of the agreement
Finally, one month after approving the technical mission, the board of directors of the International Monetary Fund will meet next Thursday June 13, to address the report sent by the staff on the 8th. review, as confirmed to Ambit official sources in the Casa Rosada.
It is assumed that it will be approved by the Board of Directors since all the goals were met and almost immediately Argentina will receive a disbursement of approximately US$800 million. President Milei hopes that the organization’s Board will issue a ruling before his meeting with Georgieva.
It should be remembered that on May 13, through a statement signed by the deputy director of the Department of the Western Hemisphere, Luis Cubeddu; and the head of the Mission for Argentina, Ashvin Ahuja of the Monetary Fund’s technical team pointed out that: “despite the inherited economic and social situation, the firm implementation of the stabilization plan by the Argentine Government allowed the program to be firmly reestablished.”
Likewise, he highlighted that it was possible to achievethe first quarterly fiscal surplus in 16 years, the rapid fall in inflation, the change in the trend of international reserves and a strong reduction in sovereign risk.”
New agreement with the IMF
The Minister of Economy, Luis Caputo, confirmed that the IMF board will analyze the latest review of Argentina this week and confirmed that negotiations are beginning on a new program that will mean more funds. “It will take a while but we have to agree with the Fund and eventually with this new program new money will arrive,” said the minister at an event organized by the Libertad y Progreso Foundation in the City of Buenos Aires.
The head of the Treasury Palace highlighted the conviction of President Javier Milei in carrying out the economic program of the national Government and emphasized that now “some want to underestimate him.”
“A President who dared to do what some want to underestimate but no one dared to do in 100 years”stated the head of the Treasury Palace.
The minister emphasized that adjusting the macroeconomic variables that included a deficit of 15 points of GDP would be “made in a neat and orderly manner.”
“Fiscal balance was reached in month one when in theory it was difficult to do so in the mandate,” the official stressed.
