The US Treasury has told Secretary Martin Guzman that Argentina needs a strong economic plan to gain Washington’s support in negotiations with the International Monetary Fund.
This was reported by the organism that drives Janet Yellen, explaining that “yesterday, Undersecretary of the Treasury, Wali Adiemo, spoke with the Argentine Minister of Economy, Martin Guzman”.
Undersecretary Ademo reviewed Argentina’s consultations with the Paris Club of bilateral creditors, and Argentina’s pending negotiations on a new program with the International Monetary Fund.
Biden administration official told the minister so “Argentina’s robust economic policy framework that provides a vision for job growth in the private sector will have the support of the United States and the international community,” As reported by the North American Commission.
Argentina’s robust economic policy framework that provides a vision for private sector job growth will have the support of the United States and the international community.
The Ministry of Economy has not yet reported this report. whose content vaporizes the fantasies of some Argentine officials about possible support for Leylin for Guzmán due to the rapprochement between her husband, George Akilov, and the minister’s intellectual godfather, Nobel Prize winner Joseph Stiglitz.
Adeyemo, 40, is a Nigerian American citizen who headed the Obama Foundation during the previous Democratic administration and was also the Under Secretary of Homeland Security for International Affairs and Deputy Director of the National Economic Council.
He received his Ph.D. from Yale University and previously worked on a campaign John Kerry In 2004 cooperated with the secretary Jack Low in the closet. In particular, he worked in the Trans-Pacific Alliance. With Obama, he was also the Treasury representative in the Group of Seven and the Group of Twenty.
Previously, He served as a senior advisor to BlackRock, the largest investment fund on Wall Street, which took over the Argentine government in a debt swap in 2020.
During his trip to Washington in March, Guzmán was unable to establish direct contact with the Treasury, a key body to close negotiations with the International Monetary Fund aimed at postponing the repayment of Argentina’s $45,000 million debt.
The main event on Guzmán’s agenda for that trip, which took place in March, was the meeting he had with the Managing Director of the International Monetary Fund, Kristalina Georgieva. However, since then, negotiations have not progressed even though the Palacio de Hacienda has been allowed to be technically close.
Without contacting the Treasury, Guzmán took advantage of that visit to the US capital to also meet with the senator Bill Cassidy, a Republican member of the Finance Committee.
Earlier, he met the Director General of Operations of the World Bank, Axel van Trotzenburg, which approved loans to Argentina for infrastructure development, social protection, health, employment and climate change in the amount of US$2 billion through 2021, about US$420 million was already approved last month.
The Minister had previously visited New York, where he met with representatives of investment funds that participated in the debt swap and that Since then they have been deeply skeptical about the Argentine situation.
Guzmán continued his international contacts in Europe, where he also met his counterparts from Spain, Italy, France and Germany, to advance a 10-year agreement with the International Monetary Fund and defer repayment to the Paris Club for $2.4. One billion. The state did not pay in the original period of end of May and ahead of the end of July to avoid falling into default.
They made it clear both in Europe and in Washington that he needed a guarantee from the fund to renegotiate with the club on better financial terms in terms of term and interest rate in relation to the agreement reached by the then minister. Axel Kiselov In 2014, those who did not accept Argentina’s review of Article IV from the International Monetary Fund had to accept terms that now ended up suffering the government’s Alberto Fernandez.
This week, the Speaker of the House of Representatives, Sergio Massa, plans to meet in Washington with important officials in the US government and Congress to advance these efforts.
In his speech with businessmen assembled by the Inter-American Council on Trade and Production (CICyP), Guzmán today noted that “Every round with the president has to do with building support that strengthens Argentina’s position and creates common sense with what Argentina needs.” The next stop on this trip will be at the end of the month with the second meeting between Fernandez and his French counterpart, Emmanuel Macron.
An IMF spokesperson last week, Jerry Ricemake it clear There is no news about the contacts Argentina needs for support at the club or the deadlines for carrying out the staff mission to Buenos Aires., a possibility that they, from Washington, believe the ruling party wants to avoid at all costs in the middle of this year’s election campaign.