“We would never do it,” he said. the minister with respect to defaulting the debt in pesos since he considered that “the credit of the local currency is a pillar” for which “we must never stop paying it”.
Following this line, he recalled that it was the Macri government, with Minister Hernán Lacunza, who stopped paying the loans taken in the local market and entered what they called “reprofiling”, better known as default. “That issue that was nonsense that we resolved,” he stressed and added that the government of Alberto Fernández was the one who rebuilt the public debt market in a context in which there was no credit.
“Being able to do so gave us financing for public policies such as the Emergency Family Income (IFE) and the ATP (Assistance to Work and Production)”said the Minister of Economy.
“We look at what happens. There are interests at stake and they are strong. There are some who speculate. Sometimes they win and sometimes they lose. With our government, those who speculate always lost,” he added regarding the movements registered in the local debt market and He pointed out that “many of these have already lived and in each instance we manifest the instruments that we can use.”
Bookings
Another point highlighted by the minister was the International Monetary Fund’s approval of the quarterly figures presented by Argentina in the framework of the review of the Extended Facilities agreement. “The first review has been reached and completed,” he said, affirming that meanwhile Argentina continues along the same path of growth, “building conditions so that there is more stability and it lasts.”
In this framework, he referred to the reserve accumulation goals agreed with the international credit organization that stipulates an increase of US$5.6 billion by 2022. “The objective of accumulating reserves is the most important for the country to continue to grow and can continue attacking the problem of inflation”, he did not hesitate to point out.
News in development.-
Source: Ambito
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