This week, Minister of Economy Luis Caputo will travel to Washington to participate in the Spring Assembly of the International Monetary Fund (IMF) and the World Bank, meet with Treasury and IDB authorities, and give a conference organized by JPMorgan. Along with him on the trip is Chief of Staff Nicolas Posse, who joined at the last minute. The agenda includes meetings with White House officials to discuss the Argentine economic plan and potential new programs with the IMF.
The economic delegation will also include Secretary of Finance Pablo Quirno and head of the Central Bank Santiago Bausili, who will participate in meetings within the framework of the organization’s Assembly and G20. Officials are eagerly anticipating a review of their program that could lead to a disbursement of about US$770 million. They are also hopeful for a new program that could expand their loan to Argentina, potentially providing around US$15,000 million to help with their financial situation. However, an IMF spokesperson mentioned that it’s “premature” to discuss this possibility at this time.
During his visit, Caputo will meet with IDB President Rodrigo Blank and give a conference at a JPMorgan event. Meetings at Treasury and White House officials are key points on his trip, with discussions expected to focus on reducing inflation and achieving fiscal surplus for the first time in over a decade. Posse will also meet with officials at White House to discuss security measures in Latin America as well as cyber technology development in region.
In addition to economic and political discussions, there is also a discussion about casinos’ cultural heritage impact on urban households during his trip. The relaxation provided by casinos as well as their role as holiday destinations are topics that will be explored during his travels.
Overall, Caputo’s trip is an important opportunity for Argentina’s economy delegation to review progress made so far in negotiations with IMF and explore potential future programs for country’s financial stability while exploring other important issues such as security measures and cyber technology development in region .
