BUENOS AIRES, June 2 (Xinhua) — The Argentine authorities has “little doubt” that it’ll meet the targets agreed upon with the International Monetary Fund (IMF) for its second technical review, Argentine presidential spokesperson Gabriela Cerruti mentioned Thursday.
“The first review goes very effectively regardless of all of the doomsayers,” she mentioned. “The identical will occur with the second review. Everything goes as the federal government deliberate.”
In March, the Argentine authorities and the IMF permitted a sequence of objectives to resolve a debt of 44.5 billion U.S. {dollars}.
They are linked to a fiscal deficit discount, the gradual elimination of the Central Bank of Argentina’s help to the Treasury, and a rise in worldwide reserves.
The implementation of the settlement calls for quarterly evaluations, with achievement accompanied by new IMF credit score disbursements.
Among the macroeconomic objectives is the discount of the first deficit by 2.5 % of the gross home product (GDP) in 2022, adopted by 1.9 % in 2023 and 0.9 % in 2024.
