Several Argentine governors travelled with herFriday, June 25, 2010
President CFK to present own anti-crisis recipes to G-20 summit
President Cristina Fernández de Kirchner is to participate today and on Sunday in the G-20 meeting that will be held in Toronto, Canada, where she is to once again question the orthodox recipes suggested to pull Europe out of its crisis, in the midst of a personal bid against the International Monetary Fund (IMF).
Under the name "Global Economy: Perspectives and Challenges," the developed and emerging countries will re-unite in the wake of the old continent's crisis.
Argentina, however, arrives with its own interests, after closing the debt-swap and with the intention of re-negotiating its debt with the Paris Club in order to return to the voluntary credit markets.
In order to take that step with the group of most powerful nations, to which it owes US$6 billion, Argentina needs to reach an agreement with the IMF, which would imply opening its books to international supervision.
Until now, Argentina has denied the IMF permission to audit macroeconomic data, a "right" found under the so-called Article IV, and it is the only country of the group that maintains an irregular relationship with the organism.
That is why the Head of State is to ask her counterparts for the reforms that were approved in the previous meeting in Pittsburgh, United States, to be applied on multilateral credit organisms.
Argentine Foreign Minister Héctor Timerman confirmed this information, and also said that "this government does not believe that the rescue packages are a way out of the crisis, not at all."
This weekend's G-20 meeting will not count with the presence of Brazilian President Luiz Inacio Lula da Silva, who cancelled his trip in order to supervise rescue actions for victims of floods that have affected the north-eastern part of his country.
Fernández de Kirchner arrived in Toronto on Friday, after having participated in Vancouver of the Trade Union Confederation (CSI) Global Summit, along with Labour Minister Carlos Tomada and Hugo Moyano, head of the CGT labour confederation.
Before participating in the G-20 discussions, to be held on Sunday, the Head of State is to participate today in a business lunch organized by the CEO of the mining company Barrick Gold Corporation, Peter Munk.
In that gathering, the governor of San Juan province, José Luis Gioja, who is part of the presidential committee, will also be present.
At 5 pm Argentina time, CFK is to meet with Canadian Prime Minister Stephen Harper at the Fairmont Royal York Hotel.
Afterwards, at 8:30 pm Argentina time, she is to attend the G-20 Leaders Labour Dinner, which is to session under the name "Global Economy: Perspectives and Challenges," during which the European crisis and its international impact are to be discussed.
The organism's activity is to take place on Sunday, with two plenary of presidents and a closing ceremony. Later, the president will journey back to Argentina.