The Argentine government announced the materialization of the agreement with the International Monetary Fund (IMF) for which it will receive 20,000 million dollars. The South American country is The main debtor of the financial body worldwide. Before receiving the new money shipping, I had a liabilities with the IMF of 40,000 million dollars. The management of Donald Trump He paid off at a time when the loan seemed not to arrive and endanger the economic program of the ultra -right. The credit demanded a measure that President Javier Milei resisted accepting: the devaluation in the facts of the weightthe local currency. The Minister of Economy, Luis Caputo, He informed that the price of the dollar will move within a mobile band that goes from 1000 to 1400 pesos. Until Friday, the Central Bank (BCRA) had set the value of the currency in 1036 pesos. Financial analysts expect this change. The BCRA had lost more than 2000 million dollars to sustain an artificial price of the dollar. The great question of the press media is What will be the impact on inflation controlthe main flag of the capitalist anarco that in March has shown its difficulties. The cost of living had an increase of 3.8% and the prices of the products of the family basket usually accompany the oscillations of the American currency.
The IMF also demanded that the government completely release the exchange market, which ends the restrictions to carry out foreign trade operations and turn profits to the matric houses.
Until Friday, foot citizens could buy just $ 200. There will be no restrictions. The BCRA will not only feature the assistance of the fund but other multilateral organizations that will add 35 billion dollars to its reserves. Milei has in turn renewed a loan of 5000 million from China, despite Washington’s suggestions to break financial ties with Beijing. In this context will arrive next Tuesday to Buenos Aires The United States Secretary of the United States, Scott Kh Bessent. Another generosity sample of the Trump administration towards its main Latin American ally is not ruled out.
Historical debtor
Argentina has signed its Twenty -second agreement in history with the IMFwhich he adhered after the coup d’etat of 1955 against General Juan Domingo Perón. In 2004, President Néstor Kirchner canceled the pending debt of 98 billion, using BCRA reserves and with the help of Bolivarian Hugo Chávez. In 2018, the Government of Right to Mauricio Macri He restarted the indebtedness cycle that has just been deepened. Peronism warned that it will not recognize that loan if you get to power in 2027.
Caputo said that, unlike preceding situations, this money will serve to undertake a virtuous cycle of the economy. “Allows you to have a healthier currency and accelerate the disinflation process“. The exchange control, known as” Cepo “, is past history.” So much damage has done. It was put in 2019 and limits the normal functioning of the economy. “At that time, Caputo had just been displaced from the BCRA that led under the orders of Macri and Milei, an altisoning television gathering, considered him responsible for the financial disaster.” Fin They are aware that Argentina gave this new stage and can end the exchange restrictions, “the minister promised and highlighted the presidential role,” his leadership, his generosity, his courage and because every time I work more with him more admiration generates me. “
Relief
The agreement with the IMF has the impact of a balm for Milei, who It crossed its worst policy fortnight between the end of March and April: In Medo of the growing social conflict and a fall in his image, the Senate rejected the nomination of two new members of the Supreme Court and the Chamber of Deputies has created a investigative commission of the “cryptogate” to elucidate the responsibility of the President and his sister, Karina, at the same time general secretary of the presidency and articulator of the official party, La Libertad advances.
The news impact of understanding with the financial agency relegated weight to a secondary plane. Prosecutor Eduardo Taiano asked to lift the fiscal secret of the brothers Milei to elucidate his role in the $ slibra scam, the digital asset that he promoted in his X account and then erased the recommendation once the thymus that allowed his Araists was consumed to earn about 100 million dollars.
