On his first international trip as president, Javier Milei will participate in the meeting in Davos, Switzerland, where he plans to talk about his libertarian plans for the Argentine economy and meet with authorities from the International Monetary Fund (IMF). According to Argentine Chancellor Diana Mondino, there were “several” requests for a bilateral meeting with Milei, who took office just over a month ago. “There will not be time for all the meetings (requested),” Mondino told the Argentine press, shortly before boarding, in Buenos Aires, on Tuesday (15).
Milei traveled on an international airline, accompanied by his sister, Karina Milei, who is general secretary of the Presidency, and by the Minister of Economy, Luis Caputo, and Foreign Affairs, Diana Mondino, as well as the Chief of Staff of the Presidency, Nicolas Posse .
The Argentine government is awaiting a credit of US$4.7 billion from the international organization. This Tuesday (16), Caputo and Posse met with Gita Copinath, from the Fund, and this Wednesday, with Milei, they should be received by Georgieva. Argentina took out a billion-dollar loan during the administration of former president Mauricio Macri (2015-2019) and as of last year (presidential campaign) it had difficulties meeting the goals required by the Fund. Elected with 56% of the votes, Milei put his foot on the accelerator with three packages to deregulate the economy, announced at the beginning of his government. With almost 700 articles, the project called the Bus Law (named after the wide number of sectors it addresses and affects) is being debated in the committees of the Chamber of Deputies. The government’s objective is to try to approve it by the end of January. But deputies (including those sympathetic to the Milei project) complain about the lack of time to analyze each article.
The IMF director praised the “progress” in the Argentine economy to “very aggressively correct some of the problems”, such as the fiscal deficit and the lack of reserves at the Central Bank of the Argentine Republic (BCRA), as she told the news agency Bloomberg and reported to Clarín in Spanish. “So far so good,” she said.
Last week, the official inflation index for 2023 was released and the result surpassed that of Venezuela, which was the champion in the regional ranking – 211.4%. Only in December, in the first month of Milei’s administration, which resulted in the inflationary legacy of Alberto Fernández’s previous government and the release of previously controlled prices (such as fuel prices, for example), inflation was 25.5%. Analysts agree that combating the inflationary spiral will be decisive for the direction of the Milei government.
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