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Kristalina Georgieva, managing director of the IMF: “Argentina has shown that this time is different”

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The fund managing director
The managing director of the Monetary Fund (IMF), Kristalina Georgieva, gave a conference in the framework of the agency’s spring gatherings

(From Washington, United States). Kristalina Georgieva ratified her satisfaction by Macroeconomic advances Obtained with the adjustment program, the press conference that starred in the spring sessions of the International Monetary Fund (FMI).

“Argentina has shown that this is different,” Said the managing director of the Fund.

And he finished: “This time there is determination to the economy solidly. It went from a high deficit to a surplus, from a two -digit inflation at a figure that fell from 3%in February; From poverty greater than 50% to a current one of around 37%. It is still very high, but it is descending. The State is withdrawing from where it should not be, to allow greater dynamism of the private sector ”.

The optimistic position that Georgieva exhibited in public, He repeated the comments who did night during his meeting with Luis Caputo and the of the team found in Washington. And in turn it supports In the technical forecasts of the IMF, that in his latest global perspective report he assured that Argentina’s growth rates They would not fall as a consequence of the global crisis.

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Luis Caputo and Kristalina Georgieva
Luis Caputo and Kristalina Georgieva during his last meeting at the IMF, (Washington, United States

The IMF managing director Not only did he refer to the impact of the program on linked variables inflation, poverty and fiscal deficit.

Kristalina Georgieva also alluded to behavior of domestic markets, to The influence that could have in Argentina the commercial that Donald Trump He is pounding with China and Europe, and to support that the Casa Rosada obtained from the World Bank (BM) and the Inter -American Bank (BID).

“We saw that the program was announced, The immediate impact on the markets was positive. One of the risks for Argentina would have been to stay alone in this macroeconomic stabilization . But now the country is not alone. We are present, the World Bank is present, and the Inter -American Development Bank is reinforcing its support.

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