Fernández asks Biden to continue supporting him in the negotiations with the IMF

The president of Argentina, Alberto Fernandezasked this Wednesday his counterpart from USA, Joe Bidento continue supporting him in the negotiations with the International Monetary Fund (IMF).

“We hope you will continue to accompany us, as you have done so far.”, Fernández said in statements to the press at the beginning of his meeting with the US president in the Oval Office of the White House.

LOOK HERE: Who is María de los Ángeles Duarte, the convicted ex-minister who escaped from the Argentine embassy in Ecuador

The Argentine president alluded to the IMFwithout actually mentioning it explicitly, when he was expressing his concerns about the climate crisis to Biden.

“Argentina it is suffering from the worst drought since 1929 in its recent history. This has greatly complicated our economy and we are considering this new reality to credit agencies”, affirmed Fernández, who then asked Biden for his support.

At another point in his statements, the Argentine took the opportunity to thank Biden for the support that his government “always” has given Argentina in international credit organizations.

The meeting takes place at an important moment in the debt restructuring agreement between Argentina and the IMF, since it is expected that in the coming days the Fund’s board of directors will authorize a disbursement of 5.3 billion dollars, within the 44 billion credit that Argentina has with the financial institution.

Fernandez traveled to USA accompanied by the Minister of Economy of Argentina, Sergio Massawho met this morning with IMF Deputy Managing Director, Gita Gopinathwith whom he agreed on the need to strengthen the reserves of the South American country.

This is the first bilateral meeting between Fernández and Biden as presidents. In addition, Fernández is the first Peronist leader to take a photo with a US president in the White House since Nestor Kirchner (2003-2007) met in the presidential mansion with George W. Bush (2001-2009).

Both heads of state were scheduled to meet last July in Washingtonbut the match was postponed because the American contracted covid-19.

MORE INFORMATION: Argentina raises the minimum wage due to high inflation

On the agenda, in addition to the negotiations with the IMF, is cooperation in the fight against the climate crisis, critical minerals and the transition to clean energy, in which Argentina could play a key role because it is one of the largest producers. lithium.

Today’s meeting will have two parts: the two leaders will meet alone first, and then their teams will join in what is known as “enlarged bilateral”.

Massa and the Argentine foreign minister, santiago cafieroThey will be some of the senior officials who will accompany Fernández in that second part; while it is expected that the US Secretary of State, Anthony Blinkenand the head of the Treasury, Janet Yellenare sitting next to Biden.

Source: Elcomercio

jack

I am Jack Morton and I work in 24 News Recorder. I mostly cover world news and I have also authored 24 news recorder. I find this work highly interesting and it allows me to keep up with current events happening around the world.