“Without an agreement, we had no horizon for the future,” said Argentine President Alberto Fernández.
The president of Argentina, Alberto Fernández, announced this Friday that an “agreement” had been reached with the International Monetary Fund (IMF) to refinance the loan of more than 44,000 million dollars that the agency granted to the country in 2018, when he governed the Liberal Mauricio Macri.
“Without an agreement, we had no future horizon, with this agreement we can order the present and build a future. Compared to previous ones that Argentina signed, this agreement does not contemplate restrictions that postpone our development,” the president said in an audiovisual message disseminated through official channels.
This understanding comes after months of intense negotiations, marked by the Government’s need to extend payment terms in the midst of the complicated economic scenario that the country has been dragging for four years, with reduced reserves in the Central Bank, high inflation, an accelerated devaluation and the conviction of the Executive to reach an agreement that does not entail adjustments that hinder growth. (I)
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