Along the same lines as Batakis, Daniel Scioli is focused on sending a strong message to the productive sector by easing restrictions on access to the foreign exchange market for the purchase of inputs. Yesterday, he transmitted it to the main mass consumption companies in a meeting, where the companies promised not to drastically modify their price lists and guaranteed adequate supply. “We want to generate certainty to continue promoting the increase in employment and investment”, summary in the environment of the former governor of Buenos Aires.
The largest opening would come in September, once the months with higher energy imports have passed, explaining the outflow of up to US$2 billion per month. But official sources explained to Ambit that the Ministry of Productive Development is working to anticipate some measures that could be announced progressively during July and August to mark a path for the industrial sector
A first clue was provided by the president of the Central Bank of the Argentine Republic, Miguel Pesce, during an interview he gave to Radio 10: “The mass consumption companies have asked us to consider the situation of the merchandise that was already in transit when we issued the standard. We are evaluating the amounts to see if we can establish mechanisms that do not imply the rule of 180 days of financing”, acknowledged the head of the monetary entity.
On the other hand, in the Government they recognize that “particular cases” are being studied to exempt the general rule of financing the inter-annual growth of imports for six months according to the relevance that daily consumption may have. At the same time, they point out:We are identifying low-cost, high-incidence products to see if we can find a solution. There is a fluid dialogue with business chambers”.
The challenge of overcoming the coming months, where the shortage of foreign currency will be aggravated, without giving in to devaluation pressures appears as a central objective of the economic cabinet. Yesterday, the head of the AFIP Mercedes Marcó Del Pont, indicated that “there is no delay in the exchange rate” and argued that the measures announced by Batakis “are of political responsibility and ordering of fiscal accounts.”
At the Casa Rosada they hope that in the coming days the soybean liquidation will accelerate and that this will bring some kind of relief in the exchange plan. This is how President Alberto Fernández transmits it to the businessmen who have a fluid dialogue with his office. In any case, the bridge until September must be based on coordinated decisions between officials with interference in the economic area. Fine tuning has the tough challenge of monitoring the output of dollars without affecting production processes.
Source: Ambito
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