The Minister of Economy, Luis Caputo, affirmed again that the Central Bank (BCRA) will only buy dollars if the exchange rate drills the floor of the flotation bands, today below $ 1,000. He also emphasized that It is the treasure that needs to accumulate reservations To fulfill their obligations and He diagrammed a road map to achieve that goal.
The official said that there are four sources that his portfolio has in mind to add currencies: Privatizations of public companies, sale of assets, concessions (such as hydroelectric plant) and block trade (or sales blocks). He did it within the framework of his exhibition at Summit 2025, an event organized by IAE, Business School of the Universidad Austral.
Caputo defended the government’s fiscal, monetary and exchange policy of the government without qualms. As for the dollarhe stressed that, since the modification in the exchange scheme, the exchange rate depreciated in Argentina, when the rest of the region occurred.
Regarding criticism about the deficit of current accountHe said it is not something that worries him. On the contrary, he cataloged him as “necessary”, since it is the result of transactions between private.
The minister marked that The “red” of the current account in terms of GDP is low Compared to countries that had crisis in the external sector, and stressed that in these countries the financing of this deficit was a consequence of an imbalance in the expense and income of the State, something that does not currently happen in Argentina.
Caputo said that “this time is different”
Caputo expressed before the room full at the Buenos Aires Convention Center that It is the “first time that the fiscal balance is done by the State, by political vocation, and not the market for the crisis”. “It’s a radical change, that’s why this time is different,” he said.
“The coordination between the fiscal, monetary and exchange policy allowed to avoid a crisis that had taken 90%poverty. On the contrary, We go down more than 20 points poverty, taking 10 million Argentines”, He deepened, using as comparison the data of the first quarter of 2024, whose results are also awarded to libertarian policies.
Caputo stressed as something fundamental that President Javier Milei is the guarantor that the government will never be diverted from the fiscal and monetary order. “Argentina went from being one of the best 5 in the world. In this context of commercial war, the other day Kristalina Georgieva told G20 ministers that the IMF will only be helping countries that do things like Argentina”, Graphic.
In this edition of the Summit of the IAE, the motto was “conditions for a productivity leap in Argentina” and was attended by referents of the private sector and the public sector with different ideologies, from José Luis Espet, Julia Strada, Matías Kulfas and Marina Dal Pogetto, among others.
Source: Ambito
