This Tuesday, the head of the American Treasury, Scott Besent, participated in a private event of the largest financial entity in the United States, JP Morgan within the framework of the Annual Assembly of the International Monetary Fund. There he assured that the Trump administration would be willing to offer the Argentine government a specific credit line if an eventual crisis, outside Argentine politics, endangered the country’s economic recovery.
The libertarian government took it as a “support” in front of the markets. The latter also saw with good eyes the statement of the first -line official of the Trumpist administration. Thus the price of the Argentine bonds reacted upwards, increasing this Tuesday to 1.45% after the comments, being among the best performance in the emerging markets.
What will the mediocre journalists say cultivators of the phototes? Surely, their very low intellectual level (IQ deficit) does not allow them to understand the magnitude of the news. They are part of the decline that prefer lies with good forms to the hard truth of the data.
CIAO! https://t.co/ZIwq5qbUzS– Javier Milei (@jmilei) April 22, 2025
Milei went out to celebrate him on his social networks retweeting a post where they compare the conditional statement of the official with the “Brady Plan.” It should be notified that this “debt restructuring” financed by the USA. Under the Menemist government ended in the 2001 crisis, with a new cycle of indebtedness and submission of financial groups that obtained great profits and another “vultures” that until today continue to litigate by said bonds.
In the event in Washington, Scott Besent said that the United States Government would be willing to use the exchange stabilization or exchange stabilization of the foundation of the American treasure, to support Argentina if something that was not his fault, an “external shock” occurred as long as Milei maintains the course of its economic policies.
He also took the opportunity to criticize the management of Macri and mark a warning to Milei, “I have been dealing with Argentina like many of you in this room during, I don’t know, several decades. I thought that the Macri government had an incredible opportunity, and I was a great admirer of Mauricio, but we blinked. And as soon as he tightened, the market came and caught it. My feeling is that Milei is not going to play.”
Last week, Trump’s treasure and trusted man official made an express visit to supervise the situation in Argentina on the first day of signing the agreement with the IMF, with devaluation and liberation of the stocks: “I wanted to be there, so I was there on Monday for about 10 hours. I wanted to be there.” He also added his support for the strong adjustment of Milei: “They were in their third adjustment. They had a tax adjustment, a monetary adjustment, and are currently making a exchange adjustment, and they have done very well.”
Tell me who finances you and I will tell you what you are going to do
The ultra -rightist government Trump was crucial for Milei to obtain the “fresh dollars” of the fund that did not arrive via investments and that libertarian management skated to contain inflation with exchange anchor.
While when Milei was not in the government tweeted that “resorting to the IMF showed the failure of your government” and rant against the agency, already mid -year (August 2024 according to the government itself), its “Minister of Economy Star”, Luis Caputo Segundo, began negotiations with the fund to request financing.
Recently the head of the IMF, Kristalina Georgieva, said that the future of Argentina will be “to stick to the reforms, and create the confidence that this time is different.” A somewhat trilliant phrase by all governments – or their Ministers of Economics – that participated in the 23 agreements reached in 70 years of the country. One every 3 years average, which ended with a new debt crisis.
The left is the only political sector that openly raises the impossible need to reject the covenant with the IMF, to end the scourge that means for social majorities to live under the boot of this organism. The IMF returned 7 years ago, by the hand of Mauricio Macri, he was legitimized in Congress in 2022 for Peronism, and this new program that guarantees 10 more years of submission.
Specifically, this translates into the continuity of spending adjustment, which is lower silver for health, education, public works, tariffs in services (light, gas, transport, water), layoffs of public employees. Continue sinking retirement and pensions, which since the IMF returned lost 50 % purchase power. But it also gives free way to a new wave of privatizations of public companies and structural reforms. And the delivery of natural goods considered strategic to US companies, such as lithium.
Milei and the IMF don’t go anymore. It is necessary to face them in the streets. Just as retirees made the CGT convene to its march on Wednesday, it is urgent that the union centrals convene a true struggle plan to rebuild everything lost and throw the IMF of the country.
Source: www.laizquierdadiario.com
