The draft agreement with the IMF will be discussed today in the Senate

The debate session in the upper house is scheduled for this Thursday at 2:00 p.m. With the support of the opposition, the Frente de Todos is confident that the project will obtain a large majority.

The Senate is heading to sanction this Thursday the bill that authorizes the Government to close an agreement with the International Monetary Fund (IMF) for the refinancing of the debt of more than 44 billion dollars contracted in 2018.

The session to discuss the norm, which already has half a sanction from the Chamber of Deputies, was convened for 2:00 p.m. through a decree signed by Vice President Cristina Fernández de Kirchner.

The Together for Change (JxC) interblock, led by Alfredo Cornejo, also informed José Mayans, at the head of the Frente de Todos block, that his space will provide the necessary numbers for the quorum required at the opening of the session. With the support of the opposition bloc, the FdT bloc is confident that the project that supports the agreement with the IMF will obtain a large majority, according to parliamentary sources in that space.

The text approved by the senators contains only one article in which it is indicated: “Approve in accordance with the provisions of article 75 paragraph 7 of the National Constitution and in the terms of article 2 of law 27612 the public credit operations contained in the Extended Facilities Program to be concluded between the Executive Branch and the IMF for the cancellation of the Stand By agreement entered into in 2018 and for budgetary support”.

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For this Thursday’s session in the Senate, fences will be placed in the vicinity of the Legislative Palace, with the aim of preventing a recurrence of incidents such as those that occurred last week during the debate in the Chamber of Deputies, during which offices were stoned of the upper house.

Shivam Bangwal

Shivam Bangwal is an India-based Entrepreneur. He is the Founder of Successful Startups like Youthistaan, People News Chronicle, Hitchhike TV & Branding Panther. Shivam has done his Master's in Computer Applications.

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