Summit
Batakis had previously ratified the fiscal adjustment and said he had the support of the “three leaders” of the ruling coalition: President Alberto Fernández, Vice President Cristina Kirchner and the head of the Chamber of Deputies, Sergio Massa, during a meeting with representatives of funds and investment banks on Wall Street. Also, He insisted that there will not be a faster devaluation of the official exchange rate.
According to sources present at the meeting, Batakis began a dialogue that was “surprised by its brutal honesty” and the investors valued the “sincereness” during the talk and the search for a recomposition of the relationship with investors.
Batakis told the businessmen that the Argentine State will spend less and highlighted the level of coordination between the Palacio de Hacienda and the Central Bank.
The official made it clear to the investment fund executives that she had gone to that meeting to “listen to them.” “I’m not here to reproach you for anything,” she told them, before having a talk that lasted a little over two hours.
Batakis insisted that there will be a fiscal adjustment, considered that devaluation is not the right path, promised that interest rates will rise and guaranteed that the Government will comply with the commitments it assumed before the International Monetary Fund (IMF).
Source: Ambito
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