According to Télam news agency, the IMF members will meet with the Chief of Staff Nicolás Posse and the Minister of Economy Luis Caputo, who was head of Finance and the Central Bank during Macri’s administration and one of those responsible for the debt with the institution.

Caputo is also known for issuing a 100-year debt bond for an amount of 2,750 million dollars with an interest of 7.1 percent, which was questioned by the General Auditor’s Office of the Nation, who pointed out the nonexistence of a financing strategy that justified it.

Presidential spokesman Manuel Adorni specified that the visit aims to analyze the current agreement, which is “practically collapsed” – in his words – and whose disbursements have been stopped since November 2023.

Recently, the Government of Javier Milei implemented an adjustment plan that included a 118 percent devaluation of the peso, the elimination of subsidies, the end of public works and the reduction of transfers to the provinces.

Moreover, it published a decree of necessity and urgency and sent a package of laws to Congress, actions that aim to modify or eliminate hundreds of regulations, reform the labor system and privatize public companies, among other measures.

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