Argentina’s Economy Minister Silvina Batakis held a series of high-level meetings in Washington last Monday (25) with international creditors and US officials, at a time of mounting financial pressure on the South American country. .
The Argentine economy is suffering from rampant inflation and a growing fiscal deficit, as well as a currency that last week weakened to record lows against the dollar.
Batakis met Monday with the head of the International Monetary Fund (IMF), with which Argentina has a $44 billion outstanding debt deal, a meeting that both sides later described as productive in posts on Twitter. .
In her post, IMF Managing Director Kristalina Georgieva praised Batakis’ “initial efforts” to strengthen Argentina’s fiscal sustainability, comments likely seen as a vote of confidence during the minister’s first month on the job.
Batakis took office after his predecessor abruptly resigned, forcing President Alberto Fernández to act quickly in a bid to calm already anxious markets.
At a meeting with senior World Bank officials also on Monday, a new $200 million loan was announced for small and medium-sized Argentine companies, according to a World Bank statement.
World Bank operations manager Axel van Trotsenburg said in the statement that the bank provided record funding to the country, including $2.1 billion last year, and expects to provide a similar amount in 2022 and 2023.
Source: CNN Brasil
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