The FMI approves the first revision of the agreement with Argentina and Gobierno is expected to be a new symbol of USD 4.000 million

The Gobierno affirms that it completes with the objectives of the first trimester and chord that it does not change into the annals of the program
The Gobierno affirms that it completes with the objectives of the first trimester and chord that it does not change into the annals of the program

al Monetario Fondo International term the first quarterly revision of the metas with Gobierno and sends technical information to the director of the organization, who decides to turn to the new symbol of USD 4.030 million in Argentinawith those who cut down the two-storey buildings with the FMI proprietorship that has three teeth.

Seg expn explains from the Ministry of Economy, “FMI’s technical staff and Argentine authorities take note of a staff-level agreement on the first revision of the 30-month EFF agreement in Argentina”mancionaron, y citaron el communicado que también publicë el Fondo Monetario este miércoles por la night.

As central points of the mission conclusions, Gobierno reported that ️ ”all the quantitative metas of the program in the first trimester of 2022 are compounded, as. It is fundamental to strengthen the facility and allow for economic recovery in exchange, “he said, adding that” one conclusion revised by the board, Argentina recovered 4,030 million dollars (equivalent to 3,000 million DEG). “

The technical conversations between the Monetary Fund and Gobierno, rigorously, have been commented on by the media of April under the Minister of Economy Martín Guzmán había acudido la la gmbre de primavera del organismo, in Washington. The first quarterly audit, controlling the completion of all FMI-enabled metas (accumulation of reserves, primary deficit, monetary assistance to Tesoro from BCRA, floating deities and attractions in the exterior deer bag), set to mark by “recalibration” that encloses both seats of the coil add priorities and projections inclusive in the economic program.

The FMI confirms the first of the first meta revision.  REUTERS / Yuri Gripas /
The FMI confirms the first of the first meta revision. REUTERS / Yuri Gripas /

The FMI communiqué states that “all the quantitative metas of the program are included in the first quarter of 2022 ″ and that the staff and the national functionalities negotiate” policies that aim to create a line within the program “.

“The review focuses on the evaluation of the program level from the approval of the agreement, analyzing the effects of the impact of the Ukrainian war on the economy of Argentina, and identifying policies to pass the effects.”explicitly the Palace of Hacienda.

By the way, we report that “The FMI technical staff and the Argentine authorities have agreed that the annuities should be stable in the approval of the mandate, in particular the relations with the primary fiscal deficit, the net monetary financing and the internal financing. The flow rate is proportional to one foot for economic construction and inertia at the time of inertia.

The principal variables that accumulate in the discussion between those parts provide new projection of inflation and a greater degree of reduction of subsidiesbecause the sea is as good as it gets in 2022, with a steady increase in the cost to the State of securing the provision of abstraction.

The new inflation projection, which is about 65% higher than expected after the REM that elaborates the Banco Central which of the 48% as an annular ball that habían planteado the Gobierno and the FMIwhich is explicitly stated in the decree on the actualization of presuppositional parties which term as such by the Ministry of Economy, and which include a new guest house for all the States of the State.

The Gobierno assurance that clumsiness with the first quarterly fiscal, monetary and reserve metas (Franco Fafasuli)
The Gobierno assurance that clumsiness with the first quarterly fiscal, monetary and reserve metas (Franco Fafasuli)

The metas that revise the FMI staff and that Gobierno can be discounted that tend to be the green organism, in rigor, zinc. The main three are the primary deficit, the accumulation of reserves and the limits and the monetary assistance from Banco Central to Tesoro.

About the first aspect, Gobierno accumulated less than $ 30,000 million in the first quarterly fiscal meta amount that was agreed with the International Monetary Fund, after the Poder Executive account with an extra interest that allowed it to be targeted. Treated for “property rent” due to the amount of your State within a margin of $ 157,800 million, which implies a higher jump of 1,000% compared to the previous year.

Treats that are obtained from the State that are not related to the arbitration entries by “accountable guarantors” or interests that obtain the tax on financial inversions, plazos fijos and other type of activators, as the result of them inversions that hace el Instability Guarantee Fund (FGS) from Anses. For the near revision, the Gobierno agreed with the FMI in the last two to offer a ball to the accounting of this type of interest, which is 0.3% of the PBI.

The first objective objective is part of the Monetary Fund for the fiscal sender era of $ 222,264 million, more than 0.3% of PBI. Of this form, Hacienda sobrecumplió ese objetivo for $ 29,529 million. Other meta-central exchanges of co-operated furanon alcanzadas, located in Gobierno: laber reserves up to USD 1,200 million in net form, meters the monetization of the deficit tends to cost an amount of $ 236,800 million. Before ambassadors in the BCRA ensure that their objectives are met.

The FMI director should vote for the technical information of the staff before starting a new symbol
The FMI director should vote for the technical information of the staff before starting a new symbol

Other objective objects with little relevance to the floating ball that can be seen by Tesoro, as the Hacienda Secretariat ensures Infobae which is clustered, and the obligation of no accumulating attractions in the bag of the external deity.

Most of the first evaluation, in that the Gobierno pare tener todo allineado to approve and count with the second symbol, the metas of the second trimester of the apparatus with alguna added diffultad. The most varied series of reserve accumulation, where the economically agreed program prevails that the BCRA amount to USD 4,100 million of net additional reserves in relation to the end of 2021.

Además tenders for $ 566,800 million for the primary deficit of $ 438,500 for the financing limit from Banco Central to Tesoro, including nominal values ​​that support alginate adjuvant to the handle of a recalculation of the annual inflation projection how to prepare the Economy and the FMI. Of all the forms, in terms of PBI, they are mantendrians in the prevalence: 2.5% and 1%, respectively.

The pre-evolution route route of the Stand By 2018 specification that between June 21st and June 22nd Gobierno debería girar one USD 2,700 million. At the moment of debería count with the second symbol from the FMI. However, this second symbol, which is a series of USD 4,000 million, can also be used as a Poder Ejecutivo to cover the losses that we have in the first three months to count on a possible third of funds. Other USD USD 1,300 million on July 8 and, by last, USD $ 980 million between July 29 and August 1.

SEGUIR LEYENDO:

Gobierno confirms that FMI approves the first revision and that it accounts for USD 4.100 million from this symbol
El Banco Central debería buy USD 200 million per day up to the last money to accumulate with the agreement with the FMI
Reserve accumulation: BCRA only for USD 2 million on market
Release the bonds from deuda argentina and riesgo country to earn up to 2,000 points

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