The top opposition bloc of Argentina indicated that they won't be attending the government's meeting at the presidential palace on Wednesday to discuss the state of negotiations with the International Monetary Fund.
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The administration of President Alberto Fernandez wants to give broad political support for talks with the IMF to reschedule payments on over $40 billion owed to the lender. After Fernandez's coalition lost November s midterm elections, Congress must approve the IMF program, so the opposition s backing will be needed.
When asked why he won't attend, Buenos Aires Mayor Horacio Rodriguez Larreta, one of the top opposition leaders, said Tuesday that the forum is more of a political meeting than a serious meeting of institutional work. Larreta said that the government should hold such discussions in congress, together with leaders of each political blocs, rather than in the presidential palace.
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A powerful party within the opposition coalition, the UCR, reiterated the same point in a Twitter thread Monday, and spoke for the three opposition governors. The governor of Cordoba Province Juan Schiaretti, who leads his own party, won't attend either, according to local media.
The lack of participation from the governors outside the ruling coalition isn't a good sign for the future program, as the International Monetary Fund said in December that broad support within Argentina would be critical to its success.
The meeting with governors on Wednesday, led by Economy Minister Martin Guzman, is expected to spell out Argentina's proposals to the International Monetary Fund on fiscal deficit, monetary financing and international reserves. Fernandez said that the country can't pay because of the fact that Argentina is facing large payments due to the IMF this year.
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