Javier Milei detailed the conditions that must be met to lift the stocks on the dollar and the factor that could speed up the times

Javier Miley explained the conditions that have to be given so that it lifts the stocks on the dollar, although it still does not specify deadlines. “If we have international aid we will solve it faster”, The President explained in reference to the possibility of obtaining financing from abroad.

“To get out of the trap they have to give themselves three conditions: that during the next three months there will be inflation from around of 2.5%, let him get off crawling peg al 1% and solve the stocks“, the president listed this Wednesday in an interview with LN+. Regarding inflation, he said: “We are taking annual inflation between 2.5% and 15%.”

Using his role as an economist, Milei explained the scenario if foreign aid does not appear. “If we don’t get it, we will continue rowing it ourselves. But With the drop in country risk, things are becoming simpler. An alternative, for example, is a loan from the International Monetary Fund (IMF)although we need see well how to implement that operation, because we know what the opposition is like,” he added.

The country risk reached its lowest level for Argentina in five years this Wednesday: 720 points. At the beginning of November, the indicator prepared by JP Morgan marked 955 points and with 10 days left to close the month it is about to break through 700. So far this month it has fallen 26.8% and in the year, 62%. It is a detail that does not go unnoticed by the global economic and financial ecosystem.

Regarding this variable, the President said this Wednesday: “It collapsed after the two vetoes we made. I want to thank our allies, thanks to them we are collapsing the country’s risk and we are growing. The Argentine Stock Market is the one that grew the most in the world, and we are reducing poverty“.

The Government has been maintaining negotiations with the IMF to obtain a new agreement, with the main objective of get dollars that reinforce the reserves of the Central Bank.

At the G20 in Rio de Janeiro, Milei maintained a bilateral meeting with the organization’s executive director, Kristalina Georgievain which they addressed the topic again.

After five months without seeing each other, the head of the Fund highlighted the “impressive” progress from Argentina and showed “ready” to support the country.

“I had another productive meeting with President Javier Milei of Argentina. We evaluated the impressive progress in the stabilization of the economy and its transition towards a more market-oriented model. We are prepared to support Argentina and her people in building on these achievements,” said the general director of the Fund in her X account after the meeting and a photo in which they were seen hugging.

Along the same lines, Milei pointed out this Wednesday the achievements of his government in economic matters: “We avoid hyperinflationwe did not make expropriations (like the Bonex Plan), we did not make price controls and, most incredible of all, we did not set the exchange rate, and we recomposed the rates. Our model is better than Convertibilityand it is sustainable.”

“Argentina that entered the most virtuous path of its history. I tell people to bet on the country because this was not seen in the world. Now, the world admires us; two Nobel Prize winners noticed us,” he added in the interview.

He listed what, in his opinion, were the measures that brought him the most success in economic matters: “In six months we clean the sheet of the Central Bank. we made a adjustment of 15% of GDP something like this had never been done. “People have to be aware of what we did and what we found.”

He elaborated on the latter: “The recession is over in April or May. The economy fell, bounced and It is now above the level it was in December. We made the biggest adjustment in history and activity rebounded. We are going to end up with a positive GDP. Kirchnerism stopped poverty by 41% or 57%. “There were high data for December and an estimate for July.”

At the same time he pointed out against the criticism: “While they continue to criticize here, it happens that the world recognizes our achievements in an impressive way. “Yesterday wholesale inflation came out, it was 1.2%, annualized it is 15%.”

“Products appear,” he said, “when you normalize prices. Today the poverty rate is 46%we reduced poverty by 11 points in nine months. We are destroying inflation, we are not suffering in activity, in employment; salaries are above inflation. Today the dollar is lower than when we took office.”

And he concluded: “The numbers in the surveys which are now doing better than when we started, even after having made the largest fiscal adjustment in Argentine history and having taken a lot of unpopular measures. We are doing the best government in history“.