May 22, 2022 8:40 am

The number two of the IMF revealed that Argentina agreed to “progressively reduce energy subsidies”

After the agreement of the national government with the International Monetary Fund (IMF) last Friday, the number two of the organization, Gita Gopinath, referred to the aspects that Argentina committed to. “We agree that a strategy to progressively reduce energy subsidies will be important”, He said.

In that sense, he added: “The technical staff of the IMF and the Argentine authorities reached an understanding on key policies, including a fiscal path to gradually and sustainably improve public finances, reduce monetary financing and reduce the primary deficit to 0 by 2025. Work will continue to reach an agreement at the staff level”.

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