The president confirmed that he already achieved the dollars to face the bulky debt maturities next year but acknowledged that with the decoupling of some variables and their decisions to redirect them, “the economic activity was strongly slowed down.”
The President Javier Milei, During a television interview, he acknowledged that economic activity slowed down as a consequence of The rise in the interest rate But that his search was “Protect macroaeconomic balance”. He also confirmed that The source of financing for the bulky debt commitments for 2026and that they still did not finish for the maturities of 2027. In turn, He denied that the US imposed as a condition to unsubscribe the “swap” with China to make an exchange in dollars country to country.
“We have never seen support in the history of the president of the United States, Donald Trump”said Milei and detailed the three aid that the northern giant would be willing to provide (something that was already announced by the holder of the Treasury, Scott Besent): A “swap” for US $ 20,000 million, the possibility that the United States government bought debt in the secondary market, and that the United States government finances us directly.
“Just as we build armor, or salvage, or insurance on the monetary issue, we also did it on financing. We already have closed the financing of ’26, and we are looking to close the ’27”, confirmed the president. In parallel consulted on the small print he denied that there is a condition that a broad political agreement must reach to unlock the economic aid alternatives and He also discharged the version that indicates that the US asked him to interrupt the swap with China.
Strong cooling of economic activity, what Milei said
Javier Milei A24 capture
Capture 24
The first president also explained “Because economic activity was decelerated strongly” And to do it he used a metaphor with chess: “You can play with white, but what happens? Black also plays. Well, then, the Argentine economy had been expanding very strongly during the first part of the year and had been accelerating towards 8% with inflation falling and This gave an electoral context that was very positive for the government. On the other side they decided to start attacking. That is, they went out to break everything. What you see is a destructive scheme implemented from the Nation Congress.
President Javier Milei, then, attributed the economic slowdown to what he described as a “destructive vocation” of Kirchnerism. “When the country risk increases, the interest rate is triggered. And when the interest rate is triggered, economic activity is slowed down”explained the president, referring to the impact that, according to him, have political tensions on business climate and financial stability.
“You came carrying an economic activity, and now you will find that you have no demand, or that the orders you had now have less, that the business flow is now much slower,” Milei described, and finished: “That has consequences. It is not free. The destructive vocation of Kirchnerism, which is willing to break everything because the only thing that matters is power, is not free,” he said in an interview with A24.
Source: Ambito
