Argentina's Economy Minister Meets Georgieva in Brazil – MercoPress

Argentina's Economy Minister met Georgieva in Brazil

Thursday, February 29, 2024 – 11:14 UTC

Georgieva stressed that we must focus on the most vulnerable

Argentina's Economy Minister Luis 'Toto' Caputo and International Monetary Fund (IMF) Managing Director Kristalina Georgieva met in Sao Paulo on Wednesday within the framework of the G20 Economic Ministers' Conference. . The meeting came less than a week after a visit to Buenos Aires by IMF Deputy Managing Director Geeta Gopinath, with whom Caputo and President Javier Miley discussed a possible new deal on the South American country's debt.

“Great meeting with Argentine Minister Luis Caputo,” Georgieva wrote on social media, while highlighting the “continuing efforts of the authorities to restore stability” but asking them to protect the most vulnerable.

The IMF “celebrates and supports the actions and results achieved by this new administration,” Caputo said after the meeting.

“Teams will continue to work on the best strategy to continue supporting the country's efforts,” he added.

Caputo also met with his counterparts Fernando Haddad (Brazil), Carlos Corpus (Spain), Giancarlo Giorgetti (Italy) and Bruno Le Maire (France), and held talks with OECD Secretary General Mathias Corman and US Treasury Secretary Janet Yellen.

Haddad called for a “global tax on the super-rich” to reduce inequality, while Le Maire congratulated the Argentine official on progress, and they exchanged ideas on how to support reforms of the international financial framework. Along with Giorgetti, Caputo agreed on the importance of “continuing financial reforms and protecting the most vulnerable.”

Together with EU Commissioner for Economic and Financial Affairs Paolo Gentiloni, Caputo reviewed the “challenges of reforms promoted in the country”. Likewise, common working points were analyzed, among them the challenges of promoting the Mercosur-EU agreement and revitalizing the commercial link between the two,” the Argentine ministry said in a statement.

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