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Economy Minister of Argentina will travel to Washington and meet with the IMF.

This meeting will take place in Washington, as part of the Spring Meeting, aiming to discuss and dialogue on matters of international relevance.

In the context of debt repayment schedules but without a review of targets, Economy Minister Luis Caputo will travel to the United States to meet with high-ranking officials from the IMF.

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This meeting will take place in Washington during the Spring Meeting (Northern Hemisphere), on April 17th, 18th, and 19th, where finance ministers and emissaries from bankers of all member countries of the organization gather to discuss and dialogue on matters of international relevance.

Despite the Argentine government’s intentions to bring in new fresh funds to exit capital controls and trade regulations, the IMF has remained skeptical and expressed concern about the adjustment in public accounts due to the governance risks it entails.

Just a few days ago, Rodrigo Valdés, Director of the Western Hemisphere Department at the International Monetary Fund (IMF), stated that “it is still premature to discuss the precise modalities of the program” with Argentina and warned that “it is necessary to improve the quality of fiscal adjustment, not the quantity.”

In this regard, the international credit organization will publish the new global economic outlook, with a section dedicated to the “Argentine case”: an expectation of a 2.8% recession and an average inflation rate of 250 percent in 2024.

The Spring Meetings of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank bring together central bank authorities, finance and development ministers, private sector executives, representatives of civil society organizations, and members of academic circles to discuss issues of global concern.

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ABOUT THE AUTHOR See More
micillogabriel@gmail.com
Gabriel Micillo
Gabriel is a certified public accountant graduated from UNNE (National University of the Northeast, Argentina) and a software developer, currently pursuing a Master's degree in Finance and Economics. With nearly 8 years of experience working for accounting firms and brokerage firms. Concurrently, he has produced economic and financial reports on the current state of regional economies for the clients of the establishments where he has worked. Additionally, he assisted colleagues like Ignacio Teson in the drafting and editing of articles on similar topics in English language.
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