President Alberto Fernandez met this Saturday with the managing director of the IMF, Kristalina Georgieva, at the Argentine Embassy in Rome. The meeting was scheduled as part of the official activity during the G20 Summit in the Italian capital. In exclusive statements to TN, the head of the international organization assured: “It was a good meeting. We discuss the economic situation in Argentina and the commitment between the economic team and the IMF staff to continue working to find a way to go in our relationship”.
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In a one-on-one with the journalist Nelson Castro from the embassy door, Georgieva assured that “there were no changes of position because no details were discussed ”.
Asked about the progress in the negotiations with Argentina, the IMF managing director stated: “The two teams are going to sit together and carefully evaluate the work to be done”.
The meeting, which lasted an hour and a half, was the second face-to-face meeting between the Argentine president and the head of the multilateral credit organization, who had already seen each other in the Italian capital in May of this year. Alberto Fernández hopes that the IMF will cut the interest surcharges that Argentina should pay for the $ 45 billion loan granted by the entity in 2018.
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In addition, the local Executive proposes the creation of a new line of credit, with longer repayment terms than those in force, whose maximum repayment time is 10 years.
Alberto Fernández criticized the IMF before meeting with Georgieva
Before meeting with the director of the IMF, Alberto Fernández spoke to the leaders of the G20 and criticized the body. “There are no innocents in that story. Those who got into debt without taking care of the ruinous consequences that followed are as responsible as those who gave those resources to finance the flight of foreign exchange in a deranged economy ”, assured the President.
Along these lines, he called for changes in the global financial system. “The external debt that my government inherited with the IMF and that today we are facing is a clear example of what is wrong: unique in history for its amount and for its repayment conditions, approved to favor a government in the conjuncture, ends up condemning generations who look undaunted at the fate that has been imposed on them, “he said.
The objective of the Argentine president is for the final communiqué of the G20 Summit to once again support the request to the IMF to lower surcharges and the proposal of a new financing line with longer repayment terms, in line with what Vice President Cristina Kirchner had requested.