For his part, the head of the Central Bank, Miguel Pesce recognized that there arecertain problems with the dollar” but he was optimistic that it would be a matter of a couple of months. “With the approval of the first review we will receive about 4,000 million dollars”, commented in order to explain that the situation is not so serious. In this regard, this Friday the IMF board approved the first revision corresponding to the current program.
In any case, Pesce asked the companies to “bank it” until September, although he was confident that the difficulties could be resolved sooner. In addition, in terms of imports, the head of the monetary entity stated that most imports are to guarantee inputs for production.
On the part of the companies there were no specific claims, although some directors mentioned the difficulties they have in access currencies to import. In this sense, the message from officials was that supplying imports for production will be prioritized. From where the attendees left the impression that some sectors, such as the automotive industry, will find it more difficult to import auto parts.
“Guzmán’s vision is positive about the progress of the economy”, summed up a lunch attendee. Moreover, the minister stated that “The important maturities in pesos at the end of the month have already been resolved.”
“The National Government has a full commitment to strengthen the public debt market in pesos and we will carry out all actions for this purpose,” said Guzmán. For his part, Pesce asserted that “we are going to defend the price curve of government bonds in pesos, and we are going to put all the effort that is necessary into this.”
At the end of the meeting, the communiqué announcing new instruments for the June 28 tender was released.
Inflation
The Economy Minister was also confident that inflation will continue to decline. The disputes between the government coalition were mentioned by some businessmen but on this point both Guzmán and Pesce avoided comment.
“They wanted to transmit tranquility to us”, entrusted a businessman to Ambit. “Both Guzmán and Pesce were seen convinced that the economy will be fine”added the source.
the theme of care prices was mentioned in a tangential way since the negotiations are carried out in the Ministry of Commerce. About, William Hang indicated that “We want to reach a consensus for an agreement that strengthens the price policy. Care Prices is a consolidated policy, highly valued by consumers and we need to sustain it”he highlighted.
In this sense, the companies continue negotiations to reach an agreement on July 7. Although, the issue of price increases suffered by companies was mentioned at the meeting and, in this sense, officials appealed for the collaboration of companies.
Where there were coincidences was that Argentina has a lot of potential to increase its exports, although some leaders raised the difficulties to gain more market since many of the products have a high tax burden.
The CEO of Mastellone, Carlos Agote; the General Manager of Unilever Argentina and Uruguay, Laura Barnator; the CEO of Molinos Río de La Plata, Agustín Llanos; the General Manager of Institutional Communication and Public Affairs of the Arcor Group, Adrián Kaufmann; the Executive Director of the Association of Argentine Manufacturers (Coca-Cola), Esteban Agost Carreño; the Vice President and VP Corporate, Legal and Compliance Affairs of Cervecería y Maltería Quilmes, Gonzalo Fagioli; and the General Manager of P&G, Gabriela Bardin.
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.
