Negotiations with the International Monetary Fund, the main topic in the meeting of Mansour and Kozman with businessmen and investors

chief of staff , Juan ManzurMinister of Economy, Martin GuzmanThis afternoon, at the Argentine Consulate in New York City, he met with businessmen and investors from American companies. There they presented the main guiding principles and views of Argentina’s politics and economy, and discussed progress in negotiations with the International Monetary Fund (International Monetary Fund).

The chief of staff stressed during the meeting held at the Argentine consulate, which was also attended by the Argentine ambassador to the United States, Jorge Argello.A positive agreement with the IMF is a national priority that includes all sectors of Argentine society. In this sense, Mansour endorsed Argentina’s will to repay the debt and emphasized that “this has a consensus within the Todos front and we want to present it to Congress and have the support of all political sectors until it is approved there.”

The Prime Minister also said that he seeks to “conclude the best possible agreement that is sustainable and allows the country to continue on the path of recovery that does not hinder development, but on the contrary accompanies it.”. Finally, Mansour invited investors to Argentina for meetings with the national private sector and with the highest political authorities in the government.

Guzmen, for his part, highlighted the importance of “enhancing debt sustainability, both from a macroeconomic and a political standpoint,” and argued that it was necessary for the National Congress to have a greater presence in foreign currency debt decisions “so that the macroeconomic stability of state policy This strengthens Argentina.”

In addition, the President of the Palacio de Hacienda stated that he aims to reach a program that “includes conditions that define a path compatible with the sustainability of debt maturities.

Before investors, the minister highlighted the work that had been carried out in debt restructuring with private creditors, and specified that it allowed interest payments to be reduced “from 3.4% of the product to 1.5%, creating space that we can advance in the public policy scheme to reassure the economy.”

In turn, Guzmn pointed out that in the framework of COVID-19The state should have an anti-cyclical role to support economic recovery and specify that since Argentina is below what its potential direction should be, the state should have a policy in which spending grows in real terms. In this sense, Guzmen noted that the second role of the state should have the ability to invest in key sectors to promote the growth of the economy in infrastructure, science, logistics, innovation, research and health. We need to strengthen the state.

In this sense, Guzmen emphasized that “systematically relying on debt and money issuance generates problems in the economy” and explained that “this is why we consider it important that the deficit should decrease gradually.”