The International Monetary Fund (IMF) stressed that in the face of the "important challenges" facing Argentina, the country needs a "strong and credible" economic plan. The multilateral organization published the Regional Economic Perspectives Report corresponding to the Department of the Western Hemisphere, with a focus on Latin America and the Caribbean, within the framework of the joint meetings with the World Bank (WB) in the Moroccan city of Marrakech. The organization confirmed that the Argentine economy will fall 2.5% in 2023 due to "the severe drought", with a projected inflation of an average of 122% annually. However, regarding the price index, the IMF indicated that it will depend "on the evolution of the exchange rate and its passage to prices, and the pace of adjustment in monetary and fiscal policy." By 2024, the IMF predicts a rebound in the economy of 2.8%. "Downside risks continue to dominate the outlook, reflecting the fragile economic and social situation, uncertainties linked to the elections and vulnerability to external shocks," the Fund states in the report. Faced with this, he recommended a "strong implementation" of the program agreed upon with the country, which will be "critical to safeguard stability and correct macroeconomic imbalances." For 2024, meanwhile, the organization foresees a rebound in the economy of 2.8%. In a press conference, the director of the Department of the Western Hemisphere, Rodrigo Valdes, noted, when presenting the document, that the country "faces very important challenges, including very high and rising inflation, and little reserve coverage in the context of a delicate social situation".