IMF meets with Argentina opposition candidate
AUGUST 26, 2019 / 6:12 PM / UPDATED 3 HOURS AGO
Nicolás Misculin, Cassandra Garrison, Jorge Otaola
3 MIN READ
BUENOS AIRES (Reuters) - A team from the International Monetary Fund met on Monday with opposition candidate Alberto Fernandez, the front-runner for October’s presidential election, according to a spokesman for Fernandez.
A three-man IMF team sat down with three representatives from Fernandez’s center-left “Frente de Todos” coalition as well as the candidate himself, according to a statement from Fernandez´s office.
Fernandez, a critic of Argentina’s $57 billion IMF standby agreement negotiated in 2018 by pro-reform President Mauricio Macri, has pledged to “rework” the program if elected, with his advisers telling Treasury Minister Hernan Lacunza last week he would seek an “alternative economic model” to the current administration’s policies.
The statement said Frente de Todos shared none of the policy priorities of the current government, nor agreed with the recommendations of the IMF.
“The loan received by the country and the raft of conditions associated with it has not generated any of the hoped-for results: The economy has not stopped constricting, employment and the situation for enterprises and families has continued to get worse, inflation has not shown any sustained reduction, and public debt has only grown,” said a statement from Fernandez´s office.
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