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Political loans are unlocked by politics

Nobody will get up from the meetings announcing a closed agreement with the Monetary Fund (IMF) or making grandiose public expressions, but in the National Government they assure that the meetings that Foreign Minister Santiago Cafiero will hold in the United States are of “high political voltage”. It is that in the journey that begins this Tuesday, the Executive will put on the table the issue of the renegotiation of the debt that the Government of Mauricio Macri contracted as part of the new bilateral relationship between the management of Alberto Fernández with that of his peer Joe Biden. Marking in this context a strong idea to negotiate that the government will not give in: that Trump’s loan to Cambiemos was political and the only way to unlock it is with more politics. With the endorsement of the majority shareholder and owner of the Fund, who is also the one who has been dictating the technical requirements that the members of the Agency’s Staff then take to meetings with officials from the Ministry of Economy.

“Nobody is going to ask us to take one more or less point of deficit or other indicators. They will be purely political meetings,” he summed up before Page I12 a high source who is part of the official entourage. This Tuesday at 1:00 p.m., Cafiero will have a solo meeting with Biden’s Secretary of State, Antony Blinken, a man extremely close to the US President. Then, at 4:15 p.m., he will talk with another important leg: the head of the House of Representatives, Nancy Pelosi.

In the Government they assure that the relationship with the US “is very good” in different areas, such as trade and sensitive agenda issues, such as Climate Change, Human Rights and the non-proliferation of nuclear weapons. They also say that, in private, the Biden administration adheres to the fact that the loan was political and understands the Argentine position, but it is necessary that they assume it.

In any case, it remains to be seen how the United States will play in public and what position it will take with Latin America. In this scenario, Argentina presents Fernández as a democratic, rational and dialogue leader in the region, such is the line that will be exposed. In this context, the events in Washington must be connected with what will happen in ten days: Fernández’s visit to China and Russia. Some take that journey as if it were a question of a rupture of the country in the nexus with the United States. In the Government they explain it the other way around, as a way of showing that, in a tough renegotiation, Argentina can lean towards other financial support from global giants. Naturally, these visits do not imply from any point of view that the country is betting on a default or a change in the general geopolitical vision, centered on multilateralism.

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