According to the Managing Director of International Monetary Fund (IMF), Kristalina Georgievathe government of Javier Milei “it is moving very quickly”in his plan of reckoning and that “inflation is falling faster” than they themselves planned.
This Thursday’s comments from the leader of the international organization come in advance of the meeting she will hold with the Minister of Economy, Luis Caputowhich is already in Washington.
“Look at Argentina, a country that has long been perceived as a laggard from a reform standpoint,is now moving very quickly towards tightening fiscal spendingachieve the capacity of theprivate investmentto find better performance.Inflation in Argentina is falling a little faster than we initially expected”Georgieva reflected.
Despite this good Argentine scenario proposed by the IMF itself, the organization maintains its forecast for Argentina unchanged during this year, which is why it reiterates that the Gross Domestic Product (GDP) will fall by 2.8%.
Anyway, for the 2025the IMF estimates that there will be a rebound effect and a rise of 5%. Regarding inflation, they predict that it will reach almost 150% by the end of 2024. By 2025 they envision a greater slowdown in prices reaching less than 50% annually.
Luis Caputo meets with the IMF
The Minister of Economy is already in Washington waiting to maintain meetings with the main representatives of the IMF.
Thus, participate in the Spring Meeting of the International Monetary Fund (IMF) and World Bank (WB). After the meetings, it will seek to have been able to negotiate a new disbursement by the organization, based on the fact that the eighth review of the entity sees the over-fulfillment of the initially proposed goals.
The greatest achievement, but also the one that the IMF looks at with a magnifying glass, is the fulfillment of the primary fiscal surplus of 0.5% of GDP.