The Government warns that Parliament must approve the debt request as part of the new program with the International Monetary Fund (IMF) because the organization requires a solid legal framework. "The possibility of it being approved by decree is not real, because the Fund would not allow it, as legal certainty is required," said Chief of Cabinet Guillermo Francos.
In statements to Radio Rivadavia, Francos made it clear that the resolution of a crucial economic issue for the government depends on the Legislative Power. President Javier Milei urged Congress to approve the agreement with the IMF during his speech at the Legislative Assembly, but in recent hours it has become known that it is not his intention for the entire program to be debated.
The Executive Power is solely seeking authorization to acquire new debt without revealing the details of the new program, which would impact long-term economic policy. Therefore, the project to be presented will seek shortcuts for this purpose, complicating negotiations. The legislative weakness of the ruling party and the start of the electoral campaign are two situations that will influence the debate.
The IMF request is not new and has been made multiple times by the organization's staff. The Government has always been aware of the difficulty in meeting this requirement, which could have delayed the communication of the agreement.
