“We have to act quickly and act in coordination. We have to be calm, achieve a better relationship with international organizations, such as the Inter-American Development Bank, and reinforce reserves”affirmed the official, and specified that it is “a difficult path, but one that the minister (Sergio Massa) has already faced.”
In addition, he stressed that “the only structural solution is to grow vigorously and with a different productive structure, which allows exports to be doubled and employment with greater added value.”
“Today Argentina has a very primary economy, so this is the challenge that falls to my area,” said De Mendiguren.
Also, he indicated that “This year we are going to a figure that I hope to maintain of US$90,000 million in exports and a trade surplus of between US$11,000 and US$12,000 million”.
In this regard, he argued that “in other times, Argentina did not produce dollars and the deficit in the trade balance was chronic, which was made up for with indebtedness,” but he stressed that today, however, “the real Argentina is producing dollars.”
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.
