Argentine Treasury attorney.
BUENOS AIRES, April 20 (RHC) – Argentina’s treasury minister has called on former President Mauricio Macri and government officials to testify in the debt case contracted with the International Monetary Fund (IMF), Página 12 reported Thursday.
According to this press outlet, the body representing the country in this process has asked Judge Maria Eugenia Capocetti to subpoena former President (2015-2019) and former Finance Minister Nicolas Dujovny and former Head of Finance and Central Bank. Louis Caputo.
The attorney general’s office endorsed this request in a report from the Office of State Auditor General (AGN), which concluded that the agreement was riddled with irregularities and omitted requirements, such as sending the loan in the budget act, and approval of the process through Congress or by decree of the executive branch.
According to the Consultative Group for Africa, the agreement concluded with the International Monetary Fund in 2018 did not respect the standards of the negotiation and implementation process and led to an increase in this country’s commitment to the International Monetary Fund after obtaining a loan of $56.7 billion.
The aforementioned document indicates that this happened in a context marked by financial pressure caused, among other factors, by Caputo’s decision to issue and offer public securities in New York, United States, for a total of nine billion dollars, which is an extraordinary figure.
In addition, he described the operation as unusual due to the size required and the level of indebtedness with the International Monetary Fund, which had not been recorded before.
The authority stated that at the end of 2018, the public debt amounted to 332,192 million dollars, representing 85.2 percent of the gross domestic product.
On the other hand, it indicated that there were violations of the rules for the financial management of budget funds, and in detail that 20 percent of direct debt issuance in that year was approved by decrees of necessity and urgency. (fountain:PL)
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