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Milei To Meet IMF’s Georgieva This Afternoon

ARGENTINA
  • President Milei met with UK Foreign Secretary David Cameron at Davos this morning. Later today, he is scheduled to deliver a special address (1445GMT), before meeting with IMF Managing Director Georgieva at 1630GMT. In Argentina, congressional committees are currently continuing the discussion on the government’s omnibus law bill.
  • HSBC note that the government may have to accept changes to many aspects of the bill to make it pass. Nonetheless, they believe that there is consensus on the need for rapid fiscal consolidation and note that the debate has focused on objections to discretionary increases in pensions, limits on debt swaps on new external debt issuance and other matters which they do not think are material in terms of the fiscal consolidation target.
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