After the approval by Congress of the authorization for the Executive Branch to reach a new agreement with the International Monetary Fund, President Javier Milei set a deadline for the completion of the first stage, which consists of the technical agreement with the organization's staff.
According to Bloomberg Línea, the Argentine president stated: "Mid-April." The national government had a plan that contemplated an approved and in-force program by the end of the first quarter, that is, by the end of April. This date was confirmed by the presidential spokesperson, Manuel Adorni, during a press conference on Thursday.
The Minister of Economy, Luis "Toto" Caputo, and the President of the Central Bank, Santiago Bausili, are responsible for overseeing the technical negotiation, which must determine, before its presentation to the IMF board, the total amount of the operation, which will include both new funds and the refinancing of existing maturities.
Yesterday, the Chamber of Deputies supported the authorization through a DNU that the Executive Branch issued to finalize a new technical agreement with the IMF, which will then be sent to the board for final approval.
With the legislative and regulatory issue solved by decree, the economic team now faces a new series of meetings with the IMF's technical staff to conclude the details of the agreement.
