In the midst of the lack of news about negotiations with the Monetary Fund, The head of the Inter -American Development Bank, Ilan Goldfajn, ratified on Thursday the financial support for Argentina In 2025 and said he supports the entrance of the country to the OECD. The official met with the Secretary of Finance, Pablo Quirno, within the framework of the G20 Summit in South Africa, where he attended Luis Caputo.
“Our program for 2025 includes operations that consolidate tax management, promote reforms for private sector competitiveness and support the strategic plan for retirees and pensioners,” said Goldfajn. And said that “From IDB we are ready to support the adhesion of Argentina to the OECD”, As reported. The economist had already praised Javier Milei last week for “bold” economic reforms and the decline in inflation.
In July 2024, the Government declared of national interest the adhesion process of the Argentine Republic to the OECD, through Decree 591/2024. In the Government, however, they argue that the process initiated by the Milei to join the organization of Economic Cooperation and Development, will take its time to complete.
Quirno traveled to South Africa along with the president of the Central Bank Santiago Bausili. The Argentine delegation contemplates a meeting with the head of the World Bank, Ajay Bangathe finance ministers of Germany, Jörg Kukies; of the Netherlands, Eelco Heinen; from Poland, Andrzej Domanski; and with the general secretary of the Spanish Treasury Paula Conthe.
The head of the IMF, Kristalina Georgieva, also participates in the summit, but both from the agency and in economics did not respond to the possibility of a meeting with the Argentine mission.
Meanwhile, Banga will visit Argentina in early April and it is expected to have a meeting with Javier Milei To continue conversations about financial support for reforms, such as the adjustment of the subsidies to electricity and public transport by groups to make them more “efficient.”
The visit was confirmed by different sources to Clarionwhile from the multilateral agency as of the Ministry of Economy they did not comment. “We do not have it on the agenda of the month, if it comes to visit it is very likely that the president receives it“Sources from the Casa Rosada said.
IDB and BM have programs require the fulfillment of requirements – such as the progress of works or the implementation of reforms – and usually depend on the washington wink. As a sign of support for the adjustment plan, the first approved in November financing for more than US $ 2,000 million for Argentina, while the World Bank AHe tested two projects for US $ 1 billion.
Milei held meetings last week with Goldfajn and Banja during his tour in Washington, where he met for a few minutes with Donald Trump. The head of the Inter -American Development Bank said that the Bid Invest, the private arm of the bank, was very active in Argentina, investing US $ 800 million in high -impact projects. And by 2025 analyzes more than 20 private sector projects, with about US $ 1 billion.
The idea is to finance infrastructure, energy, telecommunications, agribusiness, mining, financial institutions and other companies that seek to increase production. He also said they are supporting three lithium and copper projects in Argentina and said that the country “is a key actor in the critical mineral supply chain.”
The winks of multilateral organisms arrive in the middle of a February “red” for Argentine bonds and actions Before the lack of news about negotiation with the background, among other factors. Luis Caputo has already said that he hopes to close the negotiation with the IMF in the first four -month period, no later than April, and that the amount and schedule of disbursements are negotiated.
The Minister of Economy was received last week for the first time with the Secretary of the United States Treasury, Scott Besent, key to hold the majority of votes within the Board of Directors of the Fund. While the official praised the minister for the reforms undertaken, No news were known about conversations with the agency.
The Government seeks US $ 11,000 million to sustain reserves in a context where the ironed dollar and the import boom complicate the accumulation of currencies.
“The sustainability analysis asks you to show that you will have additional financing, if you show that you have funding in the fund, but I do not think it is the problem of the moment, The problem is in exchange policy, and that is not fixed by the World Bank“said an former Argentine official with a passage through the IMF.