The Minister of Economy, Sergio Massa, met this Saturday in Washington with the first deputy managing director of the International Monetary Fund (IMF), Gita Gopinath, with whom they evaluated the impact of the drought and They agreed on the need to reformulate the program that Argentina has with the organization.
“We had a very productive meeting with the deputy managing director of the IMF, Gita Gopinath, with whom we discussed the impact of the worst drought in Argentine history and we promised to continue working together to strengthen the program in this difficult scenario,” said Massa this tomorrow in a message posted on his Twitter account.
Meanwhile, the “number two” of the Fund highlighted the “good meeting” with the minister on the social network and detailed the topics of the meeting in similar terms. “We talked about the impact of the worst drought in Argentine history and we promised to continue working together to strengthen the program in this difficult scenario,” Gopinath said.
At the meeting, Gopinath and Massa agreed on noticing the seriousness of the historical drought and, therefore, they agreed on the need to “reformulate” the program. “All the alternatives are on the table,” said the same sources about the changes that are being evaluated. They also confirmed that Vice Minister Gabriel Rubinstein and the chief adviser, Leonardo Madcurthey already had their first meeting with Fund technicians to “recalibrate” the program.
Massa also spoke with the head of the IMF, Kristalina Georgieva, although he did not hold a private meeting as on other occasions. The minister spoke to him again in detail about the impact of the drought on the official plans. The woman agreed and they agreed to work on the new architecture of the program, with new goals and probably another disbursement scheme, for the next two weeks.
