2023-07-21 20:50:38
The agreement with the IMF would have to be at the end of the hours. It is that from the Ministry of Economy they assure that an announcement is imminent, which would be key to be able to bring calm to the markets in the face of the PASO of August 13.
In this context, we communicate with Miguel Poncean economist specializing in international trade, who spoke about the current economic situation in the country.
Agreement with the IMF
“I am shocked because it had been announced that Massa was going to travel to the United States on Thursday night,” said Ponce, who later completed: “There were setbacks and some things that were closed were not so”.
“The International Monetary Fund is going to go into recess and times are more pressing,” shot the interviewee. “The delay in closing the agreement is not compatible with electoral times”he explained.
Trade balance in crisis
Likewise, the expert said that “there is great arbitrariness in the new exchange rate that is being considered.” “We had the worst month of the trade balance in Argentine history,” he shot.
Along the same lines, Ponce said that exports fell 25% while imports only dropped 8%. “This deficit aggravates the weakness of reserves that we have”supplemented.
“The measures that are going to be announced are clearly inflationary,” explained the trade expert. “We are in discount time so as not to fall into defaultit is possible that we pay with yuan without free availability”, he concluded.
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