Saturday, November 27

The Government aims to achieve “the greatest possible consensus” for the Multiannual Economic Program


“It is an idea that has been coming for several months, but it was difficult to specify in an electoral time like the one we were living through. It is a pact on which the greatest possible consensus is to be achieved” and that will take into account the ” better understandings “that can be reached in negotiations with the International Monetary Fund (IMF), the sources stressed.

Therefore, once the mid-term electoral process is concluded and the results are known, The President announced last night, through a recorded message, the definition of a program that will contemplate the best understandings that the Government has reached with the staff of the International Monetary Fund in the negotiations led by the Minister of Economy, Martín Guzmán.

The project was coordinated and has the endorsement of Vice President Cristina Fernández de Kirchner, the head of the Chamber of Deputies, Sergio Massa and other important leaders of the Government coalition, sources said, in line with what Fernández said regarding that within the Frente de Todos there is “full will to reach a sustainable agreement.”

The Argentina has been negotiating with the IMF since last year a debt restructuring agreement for US $ 45,000 million assumed by the Cambiemos management, in 2018, in order to be able to clear the maturities of the next few years to allow the consolidation of the economic recovery.

The negotiations included various meetings between President Fernández and the IMF Managing Director, Kristalina Georgieva, the last of them in the framework of the G20 Summit of Countries that took place in Rome three weeks ago.

Fernández’s message, in this sense, sought to make it clear that the negotiations with the multilateral organization are continuing and that an agreement will be insisted on “without renouncing the principles of economic growth and social inclusion,” as the head of the State.

The same sources also noted that sending the bill with the multi-year program is “the path to agreement” with the IMF, with which they tried to make it clear that to reach the final understanding “there is still a lack”.

“In this new stage, we will deepen our efforts to reach a sustainable agreement with the IMF. We must clear up the uncertainties that lead to unsustainable debts like this one. And we must do so while preserving the conditions that allow us to continue on the path of recovery with job creation. pointing at the same time to a persistent reduction of the inflationary bad, “said the head of state.

In that context, The Executive Branch will send the bill to Parliament in the first week of December for discussion, in an area “where there are always polls and permanent negotiations”, and the same will happen in the space that has been operating since the first months of the year of the Economic and Social Council (CES).

“The vice president (Cristina Fernández de Kirchner) always had the idea that the debt be discussed in Congress and that is why the former president (Mauricio) Macri was wrong taking a debt that did not go through Congress, as the National Constitution says. At the time, a law was voted stating that the debt must go through Parliament, “the same sources recalled.

The Government trusts, and the President repeated this last night, that with With a GDP growth forecast for this year above 9%, at the beginning of 2022 Argentina will be able to recover the fall due to the pandemic.

“At the beginning of next year, industrial production will not only have recovered what was lost in 2020, but will also have recovered from the damage caused by the economic and financial crises of 2018 and 2019. We currently have the highest exports in 8 years. Investment this year will grow around 30%. And industrial production continues to be at the forefront of the recovery “, stressed Alberto Fernández.

But despite the promising numbers, the President once again pointed out that the “biggest obstacle” that remains is the debt contracted during the government of Mauricio Macri.



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