In the pre-G20, Macri received Lagarde in Olivos

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The head of the International Monetary Fund, Christine Lagarde, was received this Friday by President Mauricio Macri in the fifth of Olivos, at the end of the first day of his visit to the country by the ministerial G20.

The head of state held a dinner with the head of the multilateral credit agency, which also included the First Lady, Juliana Awada, the chief of staff, Marcos Peña; the Minister of Finance, Nicolás Dujovne and the head of the Central Bank, Luis Caputo.

The menu that the guests tasted included hot and cold doraditos, asparagus risotto, grilled trout with grilled vegetables and chocolate cake.

The first contact of the official with the Government was with Caputo. “It is a pleasure to meet with Luis Caputo, and I hope to continue our dialogue with the BCRA under his leadership,” the Frenchwoman wrote on the social network Twitter.

Hours later, the head of the IMF held a meeting with Dujovne in Olivos. According to sabe.com, during the meeting Lagarde offered its support to the Argentine presidency of the G-20 while they talked about the international economic situation. Also, sources who were during the brief meeting noted that the French “praised the evolution of fiscal accounts in Argentina.”

This is the first visit of the general director of the IMF since the agency granted Argentina a loan of 50,000 million dollars, of which already disbursed 15,000 million.

In the middle of a currency exchange that broke out in April and lost 35% of its value to the peso, Macri went to the Fund in search of financial assistance and committed to a drastic fiscal adjustment to reduce the deficit to 1.3% in 2019 .

Lagarde arrived accompanied by David Lipton, first deputy director of the Fund; Alejandro Werner, director of the Department of the Western Hemisphere, and Roberto Caldarelli, head of the mission for Argentina.

But the agreement with the Fund that forces the country to a strong fiscal adjustment and reduction of expenses is rejected by social movements and unions, which on Friday called for a march to the Central Bank.

On Thursday, the General Confederation of Labor (CGT) warned at a press conference that the agreement with the agency “will open an infinite conflict.” “This adjustment is unviable in a country that is already paralyzed,” said Juan Carlos Schmid, one of the leaders. In a message to Lagarde, he warned that “if he comes to seek the social consensus he asked for, he has to know that he will not have the backing of this CGT.”

• Lagarde’s agenda

In the framework of the third Ministerial of the G20, the agenda of Lagarde practically does not have a gap. This Saturday at 9:30 Lagarde will offer a press conference with Minister Dujovne, at the Exhibition and Convention Center of Buenos Aires (CEC), where the summit of Finance Ministers and Presidents of Central Banks of the G20 takes place.

In this context, on Sunday at 15.15, Dujovne will speak before the participants of the G20 and then President Macri will deliver a few words to close the meeting.

Then in the same exhibition center, the Head of State will receive from the 15.30, separately, the Minister of Finance of Chile, Felipe Larrain; the French Minister of the Economy, Bruno Le Maire, and the Secretary of the Treasury of the United States, Steven Mnuchin.