The Argentine government took from Rome what it came to the G20 summit for: a final agreed document in which the most powerful countries in the world recommended to the International Monetary Fund to continue analyzing its policy of surcharges with the countries that took debt with the agency and the creation of a Resilience and Sustainability Fund to provide "affordable long-term" financing to low- and middle-income countries. Alberto Fernández did not hide his satisfaction with the result of the match. "We managed to get the G20 to understand the Argentine problem and raise the issue of surcharges with the IMF," he told reporters who accompanied him in the entourage at the Edinburgh hotel where he will sleep after another hectic day.
Technical teams from the IMF and the Economy Ministry stayed in Rome to continue working on the agreement. On Saturday night, after the 90-minute meeting they formally held, Fernández and Georgieva continued to talk at the gala dinner offered to the leaders and the Bulgarian promised him that, in December, the body's board will analyze the issue of the surcharges.
At that dinner, Fernández also talked a lot with the president of the United States, Joe Biden, for whom he confessed to having "sympathy", and with his wife, Jill Tracy Biden.
"We draw the world's attention to the fact that we are facing a problem for the post-pandemic, there is a suffering world that is experiencing an economic crisis that requires financing because there is an enormous inequality that must be warned ," Fernández said.
And he reiterated no. That in no way is Argentina going to pay 19 billion dollars next year. "We want an agreement that Argentina can fulfill and the one signed by Mauricio Macri was unfulfillable," he insisted.
He has not yet spoken with Vice President Cristina Kirchner about the outcome of the summit, but he said that she will surely do so this Monday.
Regarding the meetings that he held at the summit, Fernández said: "I work with Europe on this support to try to resolve the debt problem."
The President had already started the day well: while he was having breakfast at the Regina Baglione hotel, he received a message that made him happy. The ambassador to the Vatican, María Fernanda Silva, told him that Pope Francis had called to send love to the first lady, Fabiola Yáñez , and to bless her pregnancy, almost in the fourth month of gestation.
The second day of the summit was agitated by the presentations of the President, who in three different panels spoke of "swapping external debt for climate action", asked the IMF to allow paying "lower rates and in longer terms" and that the Special Rights (SDR) are used "for sustainable development".
He also had a string of meetings with Máxima Zorreguieta , the Prime Minister of Canada, Justin Trudeau ; French President Emmanuel Macron and the head of the World Health Organization (WHO), Tedros Adhanom Ghebreyesus .
Those meetings were planned, but outside the agenda and informally, when the summit was over, Fernández and Economy Minister Martín Guzmán met for an hour with Jeffry Sachs , a sacred cow of the critic of wild capitalism. That meeting postponed the departure of the entourage to Edinburgh for an hour.
Once on the plane, the President rested for a while. Starting this Monday he is going to speak at the COP26 Climate Change summit in Glasgow.
Government sources told PáginaI12 that they believe that the President's speech on Saturday, in which he firmly marked the IMF's responsibility in the irresponsible loan it gave to former President Mauricio Macri, was heard by the rest of the leaders and influenced the drafting of the final document of the summit.
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They evaluated that, although it operates as a request and not as an order, it has an impact because it is a suggestion from the most powerful countries in the world.
It is probably one more push to bring positions closer with the agency's managing director, Kristalina Georgieva , with whom Fernández had a 90-minute meeting on Saturday that was described as "good and frank" by both parties, but which will continue because the President remains firm in his position: Argentina cannot pay what it owes if the credit organization does not change its rules to repay the loans , especially the largest one that it granted since its creation to finance Mauricio Macri's re-election campaign.
On Sunday morning, when most of the presidents took a photo at the Fontana Di Trevi, Fernández took advantage of the time to prepare his three speeches.
The president of the United States, Joe Biden, and his counterpart from Brazil, Jair Bolsonaro, also passed the portrait.
The day for the President was going to be long: he began with the meeting with Zorreguieta, with whom he spoke about strengthening the financial inclusion of developing countries, and ended with the informal but extensive meeting with Sachs and Martín Guzmán.
Already on Sunday night and after the statement, Fernandez found time to take stock of the summit.
"Martín Guzmán and Gustavo Beliz stayed in Rome negotiating with the IMF team, what made a lot of sense in the G20 for Argentina is to draw attention to the financing problems that countries, including Argentina, are going to face. That financing, the developed world has to warn it and it is clear that in the first revision made by the fund of the agreement with Macri it was shown that it was a failure ", defined the president.
" We also managed to get the G20 to propose funds for low- and middle-income countries, which was key for us, because middle-income countries have 60 percent of the world's poor population ," he added.
"The truth is that I am satisfied because we achieved the objectives that we set for ourselves and we also made progress in some others. The link that we achieved with Germany, with Germany, with Italy, with France, is very important so that we can continue with our proposals against to the international financial community," he enthused.
"There are many conflicting interests and the negotiation with the fund is progressing, but it is difficult because there is a financial world that has shown its failure and is reluctant to accept the crisis it has generated," he said about why it takes time to close the agreement with the IMF.
In December, Fernández will meet with the IMF board to discuss, among other issues, the issue of surcharges. The President understands that if Georgieva talks to him constantly and came over to continue talking at dinner on Saturday, it is because she wants to reach an agreement.
But most of the time, Fernández talked with the first lady of the United States because she had to sit next to her. Before the press, the President defined that he agrees with many of the positions expressed by Biden, not to end capitalism, but to change capitalism.
Later, the president had dinner at the Double Tree by Hilton hotel and will sleep a few hours before leaving for the Climate Change summit that begins this Monday in Glasgow, an hour and a half from Edinburgh.
It was a good day for Argentina: one more step was taken, a signal from the powerful to the powerful was achieved to make the world a little less worse.
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