Feb 12 • 00:01 UTC 🇦🇷 Argentina Clarin (ES)

Amid protests over labor reform, the IMF extended its visit and met with the Ministry of Economy

The IMF extended its visit to Argentina amidst ongoing labor reform protests, holding meetings with local economic officials to audit the nation's financial accounts.

The Argentine government has held another meeting with the International Monetary Fund (IMF) as part of a mission currently in Buenos Aires focused on auditing the country's financial accounts. This discussion occurred on the fifth floor of the Ministry of Economy, coinciding with other meetings involving local and foreign investors. The ongoing labor reform protests backdrop these negotiations, highlighting the tension between government actions and public response.

Economists Luis Cubeddu and Bikas Joshi arrived for discussions with the Deputy Minister of Economy, José Luis Daza, along with the Argentine representative to the IMF, Leonardo Madcur. Their presence marks the sixth day of the mission's visit, which initially started last Thursday. The team is tasked with conducting a second review of Argentina's financial program. There had been speculation among government officials that the IMF mission might be concluding soon, with optimistic projections about the evaluation results. However, IMF sources clarified that their visit is still ongoing and further information will be provided when the review is fully completed.

The situation in Argentina is becoming increasingly complicated due to the juxtaposition of economic evaluations and public dissent. The outcome of the IMF's discussions with local authorities will likely have significant implications for Argentina's fiscal policy and overall economic stability amidst the protests. As adjustments to labor laws are a contentious issue, the government's ability to negotiate effectively with the IMF while managing public opinion will be crucial in shaping the response to these ongoing economic challenges.

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