For his part, the CEO of Syngenta for Latin America South, Antonio Aracre, warned that Argentina does not generate confidence in foreign investors, after having gone through processes of default and debt restructuring in pesos. “If our institutions are not trustworthy, we are going to have to assure the investor, so that he stays for 10 years, a secure institutional framework in New York,” he stated.
Ricardo Dessy, director and economist Citibank for the southern cone of Latin America, he pointed out that at a global level there is a scenario of strong instability that can be taken advantage of by Argentina. “Uncertainty is very high in the world, and the reality is that uncertainty is worse than bad,” she considered. Contrary to what the Minister of Economy, Martín Guzmán, thinks, he maintained that inflation “is not multi-causal” but rather “its transmission channels” are. For the Citibank economist, the global scenario is governed by four factors of uncertainty, which are the covid pandemic, the slowdown in the Chinese economy, the increase in interest rates by the United States Federal Reserve and the war in Ukraine. And for this reason, he considered that opportunities are opening up for Argentina and Latin America in general. “I have energy and food, but I also have peace,” Dessy explained. In this sense, he considered that in a future negotiation with the International Monetary Fund, the Government should put into play, instead of the classic monetary and fiscal objectives, food and energy production goals as part of a program.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
