The change of global scenario for Donald Trump’s measures put him greater pressure to the government in the last stretch of negotiations with the International Monetary Fund. In an official office, where they monitored this afternoon the “Black Monday”, They recognized that the trade war does not help Argentina, but minimized the impact of the global crisis which caused the collapse of the world’s bags and promoted the rise of the financial dollar at the local level, and were optimistic in conversations with the body.
“There is a kind of shield, bonds fall, but actions not as much as outside, complicates but the background does not make decisions for this volatility the fund has to know the macana that Trump was going to do, “said an official. While Wall Street fell up to 2.5%, the Merval in dollars fell 4.3%this Monday and the risk in turn rose to 960 points, the highest level since October, while the financial dollar rose 1.7%, after approaching $ 1,370.
Economy Minister Luis Caputo, seeks that the initial disbursement of the IMF loan exceeds US $ 10,000 million, above the US $ 8,000 million that had been announced, according to anticipated Clarion The weekend. Sources aware of the conversations ensure that Argentina could also have another advance of more than US $ 10,000 million from multilateral organismslike the World Bank, whose headline confirmed last week a “support package” to the government.
Caputo looking for funds that allow him to refinance the debt payments and at the same time placate the pressures on the dollar, in a scenario where the Central Bank has already lost US $ 3 billion of reservations in March. However, according to Clarín, The first disbursement of multilateral banks would not be in all free availabilitysince a part will be conditioned to the realization of programs associated with the execution of social expenses or infrastructure.
In the last hours, the versions of closing a technical agreement for this week. Milei had announced that the technical agreement with the staff was going to be ready “in the middle of April”, but there are still tensions. The agency’s directory met again last week, but according to the Bloomberg agency the members of the agency They failed to reach a consensus on the amount and the modality of the first credit of the credit for US $ 20,000 million that Argentina negotiates.
The United States, on the other hand, revealed new demands to release funds to Argentina. Mauricio Claver Carone, the special envoy for Trump’s Latin America, said Thursday that Javier Milei “is an ally” and that with the agreement with the IMF “the priority of the United States” is that the new program “does not reinforce China’s position” with the swap. “We want the famous credit line that Argentina with China ends”He said in reference to the exchange of coins.
Today, the swap reaches US $ 18,000 million of the US $ 25,000 million that the Central Bank has in its gross reserves. But in the government they believe they could decrease their weight if there were extra funds. “To change the swap someone has to give us money, to the best more silverand we assess whether to put eggs on several baskets, “said an official source.” The swap is a problem, it is only to buy Chinese products, the reserves did not fill us, it is a trap and the IMF is freely availability, “he added.
Milei was very active this Monday in the networks social. While the main financial newspapers in the world today reflected panic on their covers by market collapse due to Donald Trump’s commercial war, the president did not comment, but republished messages from other users who discourage the Government from the measures of the Chief of the White House – the main ally of Argentina, according to Milei- and even justify the decision of the president of the United States.
“Now the chantas resort to the international context to attack Milei. As they can no longer use the internal situation – where many of the inherited problems have been resolved,” They are forced to point to factors in which Milei has no interference with the aim of confusing ordinary people and generating an artificial climate of instability, “said the Austrian Economy School, one of the official plants that defends the Government’s policy and disseminated the Argentine president in his X account.