00:00And a president has to say this, that the hope of the economic plan depends on Trump.
00:06This is what President Javier Milei said in an interview with an international media.
00:11The truth is that one can say this as an analyst, I don't know if it is logical for one to say it in front of so many presidents,
00:17but well, one definitely appreciates that the president is saying that,
00:22with which a good part of economic analysts agree.
00:25What does it mean? Why does Milei say that it depends on Trump?
00:30Because Mauricio Macri depended on Trump at the time,
00:34because it was Trump who enabled that mega-loan from the IMF,
00:38which later served for the gambling, but that's another story.
00:42But that loan that served so that Macri, when they close his debt in 2018 in the markets,
00:50gets a loan, a mega-loan, which at that time was 57 billion dollars,
00:55I think 44,000 were finally debited.
00:58And then, well, this allowed Macri to reach the end of his term without having a big market blow,
01:04although inflation is shot at 53%.
01:08What President Javier Milei is looking for, and it is known,
01:10is that the IMF gives him part of that attributed loan that they stopped giving.
01:16How much? 10, 15 billion dollars.
01:19However, the IMF says, yes, yes, but we think that this economic plan is a bit unsustainable,
01:24because it should be devalued, it is devaluing everyone.
01:27There are already several documents that the IMF asked for devaluation.
01:30However, Milei expects that now, when Donald Trump joins,
01:33Donald changes in the authorities of the IMF, which designates the United States,
01:37which has veto power in the IMF, and there they enable him the money.
01:41But how strange, Milei, that he said it.
01:44Yes, he admitted it, it was a kind of sincerity, right?
01:47In a media in the United States, Javier Milei said that the intervention of Donald Trump
01:52is what will open the doors for Argentina to get a new loan with the IMF.
01:58He must have spoken about it.
01:59Of course, that's what we say, it can be a new loan,
02:01or enable that part of the money that Mauricio Macri had lent him,
02:05which Alberto Fernández rejected.
02:07Well, it may be that it is about that.
02:09One cannot think that the IMF will enable that loan,
02:11because in the end it is the great adjuster.
02:14In other words, the IMF, which is what it says,
02:16we celebrate the way in which the fiscal austerity is,
02:19that it is adjusted, but on the other hand it says,
02:21yes, yes, but it's fine, but the dollar, this price, no.
02:23And it also intervenes in all policies.
02:25Well, what Javier Milei said is also another textual.
02:27I think a free trade agreement is very likely,
02:29because the United States discovered that we are a trustworthy partner.
02:33Let's remember that Javier Milei, with the triumph,
02:35he militated Trump, we can say, to win the elections.
02:39The entire libertarian government, in fact, was very happy
02:42when he won the day of the election with the red ties.
02:46Javier Milei traveled to Mar-a-Lago, he was there with Donald Trump, let's say.
02:49He is going to travel to Asunción.
02:51He is going to travel to Asunción.
02:52The link he has with the United States, with Donald Trump,
02:55he believes that it will favor the policy of the Argentine economy.
03:00And he spoke precisely of these free trade agreements,
03:03which is not new, because Javier Milei has already been saying
03:05that he wants to make free trade agreements
03:07both with the United States and with China.
03:09In fact, it is something that he raised at the summit of the Mercosur,
03:13this desire to make these free trade agreements,
03:17which we know is not possible in the Mercosur.
03:19I mean, doing that would imply breaking with the Mercosur,
03:23because the member countries of this alliance
03:26do not allow agreements to be made by the countries individually,
03:29but as a block.
03:31In fact, Lula has already shown against that.
03:34Jamal Dworcy, who is going to be the new president of Uruguay, too.
03:37So it's a complex context, but Javier Milei...
03:40Yes, and it is also more complex to achieve a free trade agreement
03:44with the two commercial powers facing each other.
03:46With China and the United States, of course.
03:48With God and the devil.
03:48Of course, well, it's kind of weird.
03:50And we also have to see if the United States wants it,
03:51because we know that it has a more pro...
03:54Well, we have to see, we have to see.
03:55The truth is that the international scenario is very complex.
03:57Javier Milei believes that with this alliance,
04:00with this devotion he has for the US government and for Donald Trump,
04:04well, that's going to help and it's going to unlock a loan
04:06with the International Monetary Fund.
04:07Also, let's say that to raise the CEPO,
04:11which Javier Milei announced in the national chain
04:14that he did to fulfill a year of mandate,
04:16to raise the CEPO, it is very possible that he needs the loan
04:19of the International Monetary Fund.
04:20So, well, it is also something that urges him...
04:24The problem is that the Monetary Fund believes
04:26that the CEPO cannot be raised without evaluation.
04:28Of course.
04:28Why?
04:29Because either via imports, or purchase door-to-door,
04:33or by tourism, the reserves would evaporate.
04:36So, let it be a barrel without a bottom,
04:38let them lend him 15,000 and then they need more.
04:40Of course, well, then there is going to be a tension
04:44that we have to see how the government solves it.
04:46First, we have to see if, indeed, Donald Trump
04:48is going to raise this loan with the International Monetary Fund
04:51after everything that has already happened to us
04:53with the Morsema government.
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