In a frontal dialogue with representatives of international funds and investment banks, there was a “brutal honesty” meeting with questions and answers. Javier Timermanpartner and co-founder of Adcap Financial Group it was the only local investment firm. In communication with Ambitassured that “it was a good call, given that the breakfast was organized last Friday”. It is worth remembering that Friday was the day that Minister Silvina Batakis held a mid-afternoon meeting with Alberto Fernández and Miguel Pesce at Casa Rosada. Within a few hours, his presence in the United States was confirmed to face a series of meetings, among the most key with the director of the International Monetary Fund (IMF), Kristalina Georgieva.
The attendees asked the minister about the political sustainability of what she is trying to do, and Batakis replied “that she has the support of all the referents of the Front for All.” The minister also pointed out that A serious fiscal adjustment has already begun that will be felt in the economy. He stated that it is something to which “not afraid” because it was already done in the Province of Buenos Aires.
He also commented that he meets four times a day with Miguel Ángel Pesce, director of the Central Bank, to coordinate monetary policy. As he added, he has to improve the credit of the Treasury, so he will try to make the rates more positive than those of the Central Bank.
In short, Batakis stated the possibility of making a liability management. What impression did investors get? “The funds take Batakis as a technocrat, and in that sense they believe him more than Martín Guzmán”, Javier Timerman indicated in conversation with this medium.
According to official information provided by Jorge Argüello, The meeting lasted for two hours.
Argüello, as the official interlocutor of the meeting, revealed that Batakis “appreciated the reestablishment of dialogue with investors and expressed his willingness to mend Argentina’s broken link with the market.”
He stressed that the minister said that “she will maintain an open-door policy with them, to take into account their perspectives and suggestions.”
Likewise, the official “crudely described the scenario she received, particularly due to the acceleration of public spending in the first half of the year, and explained the measures announced on July 11, which will allow, according to her projections, to reduce by one point percentage of GDP the fiscal imbalance”, among other issues.
meetings continue
This afternoon, the official holds a meeting that will take place in the US Chamber of Commerce, where she will give a speech and then hold bilateral meetings with the president of the oil company Chevron for production and exploitation in Africa and Latin America, Clay Neff.
It also maintains bilaterals with directors of General Motors, Amazon and Google. After these meetings, the minister will return to the country.
Source: Ambito
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