The Argentine Minister of Economy, Luis Caputo, will travel to the United States to attend the annual summit of the International Monetary Fund (IMF) with the support of the initial results from the second phase of the economic plan, which entails a zero emission policy. The annual assembly of the international organization and the World Bank will take place in Washington from Monday, October 21, to Saturday, October 26, bringing together economic management officials and central bankers from around the world.
On behalf of Argentina, Caputo will be accompanied by the President of the Central Bank, Santiago Bausili, the Deputy Minister of Economy, José Luis Daza, and the Secretary of Finance, Pablo Quirno. During the summit, the economic team will participate in talks with funds, banks, and other countries, as well as meetings with the IDB, the World Bank, the G20, and the G24.
Among the achievements to be presented during the event are the inflation indicators, which reached 3.5% in September, the reduction of the exchange rate gap to 20% in recent weeks, and the decrease of country risk to 1,050 basis points, all as a result of the implemented zero emission policy.
Caputo is expected to meet with the Managing Director of the IMF, Kristalina Georgieva, and her Deputy, Gita Gopinath. While awaiting the approval of the ninth review of the Extended Fund Facility agreement, pending assessment of the second quarter of 2024, where the government has met the proposed targets in reserves, public accounts, and emission.
However, looking ahead to the tenth review corresponding to the third quarter, due on November 10, there is a shortfall in the reserves target, which is $2 billion below the stipulated amount, which must be reversed before the deadline. Despite this situation, it is not expected to affect the final evaluation, which, if positive in both instances, would lead to a disbursement of $1.069 billion.
