With the signature of six presidents, the Government sent a letter to Joe Biden inquiring for assist inside the negotiation with the IMF

It turned into this Thursday. It become controlled by Chancellor Cafiero. Who signed it and what does it say?

Inside an envelope and complying with diplomatic protocols, the US embassy obtained on Thursday a letter signed by using six presidents of the location in which they asked “with respect and affection” that “Support Argentina inside the negotiations that the Government is sporting out before the International Monetary Fund.

“The common and shared standards inside the Americas, around democracy, human rights and social inclusion should manual us to discover a brief and effective solution for Argentina” They signed a record that become being negotiated by Foreign Minister Santiago Cafiero, and that President Andrés Manuel López Obrador found out – with out giving info – this week. The Mexican president, who plans to return to the u . S . In September, signed the letter, which criticizes, with out giving names, the government of Mauricio Macri for having asked a US$fifty seven billion mortgage from the Fund.

The letter is likewise signed with the aid of Luis Inacio Lula da Silva (Brazil), Luis Arce (Bolivia), Mario Abdo Benitez (Paraguay), Gustavo Petro (Colombia), and Gabriel Boric (Chile). The absence of Uruguayan Luis Lacalle Pou draws interest.

In the last few hours, Lula declared himself “very worried” about the Argentine state of affairs.

The full text of the letter is as follows:

“The international locations of the place are closely following the situation that Argentina goes via, because of the blended effect of over-indebtedness within the preceding management, the pandemic, the effect of the struggle in Ukraine and the outcomes of the best drought the us of a has suffered in the closing century…

… The Argentine authorities has been working hard to cope with the splendid debt owed to the International Monetary Fund (IMF). This is the most important loan granted in the records of the organization, which had the endorsement of its foremost shareholders, for an quantity extra than 1,000 percentage of its quota…

… Notwithstanding the aforementioned exceptionality, Argentina’s willingness to honor its multilateral commitments has been unquestionable. Since the approval of the brand new program with the IMF that changed into duly accredited via the National Congress, Argentina has met the agreed desires and consolidated a process of boom, job introduction and fiscal order….

… The exogenous shock posed through the drought —by way of definition completely past the need of the Argentine authorities and its people— has triggered a loss of overseas currency of extra than 20% of the us of a’s exports, with a severe impact on the global reserves that It has complicated the everyday functioning of the alternate marketplace, decreased tax sources and had an impact on inflation….

…. Extraordinary circumstances name for remarkable responses, as amazing as the over-indebtedness because of the IMF mortgage, which is one of the fundamental reasons of the present day scenario. We are seeking a solution that allows the growth of Argentina, the era of employment and the boom of its exports. All of them are necessary situations for the united states, in turn, that allows you to meet the maturities of the aforementioned mortgage.

… Argentina has requested the IMF for a evaluate to triumph over the problems provided by means of this extraordinary year and to serve as a bridge until various ongoing projects mature, specifically those associated with energy and mining, in an effort to have a good sized impact on the country’s balance of bills

… The leaders of the vicinity believe that it's far viable to find a consensual answer to be able to permit Argentina to navigate the scenario wherein it unearths itself. It is not feasible and neither is it suited that needs that don't duly recall the trade in instances submerge Argentina in an needless disaster that interrupts the ongoing restoration. The inflexibility of the IMF to review the parameters of the settlement inside the context of the drought described runs the hazard of turning a liquidity hassle into a solvency one….

… For those motives, we respectfully and affectionately ask you to guide Argentina inside the negotiations that it is carrying out with the aforementioned frame. The common and shared principles inside the Americas, round democracy, human rights and social inclusion have to manual us to find a short and powerful solution for Argentina….