FMI’s December release in Argentina costs $ 15,000 million

The Argentine Governor is negotiating with the International Monetary Fund (IMF) to close the agreement and sign the letter of intent before the end of the month, draw on the internal route and look for a first step that will help generate tranquility in the market.

The first fundraiser of the Fondo Alcanzaría will raise 15,000 million dollars, confirming official fees, a figure that represents a third of the 44,500 million dollars of the program to refinance the 2018 Stand By agreement.

This figure summarizes the new foundations and means that it is planned – if the quarterly revisions are approved. But the ‘first quota’ will allow us to cover the totality of the pendants’ debts until the end of the year, amounting to the 2,900 million dollars that will come on the 22nd of March.

On the other hand, the program will add up to 5,000 million dollars as part of the reintegration of special rights from giro (DEG) which will be used to cancel the 1,900 million dollar sales of September and December of last year and one in the past 28 years, for 730 million dollars in total.

Through the map of Máximo Kirchner, the presidential entourage confirms that Alberto Fernández hopes that what he agrees with the Fund will be approved without change. There is no discussion as to what the most important sectors of the Front of All, which want to introduce cambios, will be supported by Gobierno.

This year, between capital and interest, 19,000 million dollars mean that in 2023 there will be more payments for this order, and a remnant of 5000 million dollars in 2023. From this form, the first giro on behalf of the IMF will allow casi the 75% of the revenues, more the quotes that are sumen quarterly to quarter.

The Fund’s allowances will be supplemented with the Stand-By program’s winning chronology of 2018, which for this year has a 3.1% increase and a 5% inflation rate, among others that are imagined to have been completed by the The inversion of the Govierno or the mayor of the unknown, the Covid-19 pandemic.

The negotiations were carried out in the cargo of “an FMI team, headed by Julie Kozack, Deputy Director of the Department of the Occidental Hemisphere, and Luis Cubeddu, Mission Officer for Argentina”, the IMF said, which stated that and after that will have the good view of the Fund Directorate.