In Washington this Wednesday, the Minister of Economy, Luis Caputo, will participate in the Spring Assembly of the International Monetary Fund (IMF) and the World Bank. He will also meet with Treasury and IDB authorities and give a conference organized by JPMorgan. Joining him on this trip at the last minute is Chief of Staff, Nicolas Posse, who will have meetings with White House officials on his agenda.
The economic delegation that accompanies Caputo will include Secretary of Finance Pablo Quirno and head of the Central Bank, Santiago Bausili. They will hold several meetings within the framework of the organization’s Assembly and G20. While an official meeting with the IMF director has not yet been confirmed, they are expected to meet at a location in Pennsylvania Street building.
During their visit to Washington, economy officials will finalize the eighth revision of their program which is expected to be completed in mid-May and would allow for a disbursement of about US$770 million. The government is also optimistic about a new program that expands loan to Argentina with some US$15,000 million that would primarily be used to address financial challenges. However, discussions on this are still considered “premature.”
In Economy circles there is excitement about not needing waivers or pardons in review as it hasn’t happened in decades. The government is confident that they have met goals set by program regarding reserves and fiscal deficit in an impressive way. They also celebrate slowdown inflation projections showing decline to 15% by end year and 4.5% by 2025.
Negotiations between technicians continue virtually or in person with focus on improving quality fiscal adjustment without disproportionately impacting vulnerable sectors. Treasury plays crucial role for any negotiations or new programs with IMF as United States as main shareholder holds significant influence decision-making process at IMF level .
Caputo and Posse will meet with President Inter-American Development Bank (IDB) and give conference at JPMorgan event during their trip along with meetings at White House discussing economic issues security closely following Washington’s economic plan .
