To the original destination of Washington and New York, “Houston was added to reinforce the official objective of focusing on the real economy, on the generation of genuine employment together with the growth of the economy and, as a consequence, tax collection,” they explained. to Télam sources of the Treasury Palace.
In Houston, projects underway and investment opportunities in Vaca Muerta will be discussed with representatives of major US oil companies, such as Exxon and Chevron.
Secondly, Massa plans to meet with the leadership of Livent, a leading global company in lithium technologywith operations in the north of the country, and which recently signed a millionaire agreement with General Motors, where the automaker will produce batteries for its cars in the United States, with the raw material -lithium- imported from Argentina.
Specifically, Livent, which has been extracting lithium at its Fénix plant in Catamarca for about 20 years, will provide General Motors with battery-grade lithium hydroxide from its operations in Argentina, for a period of six years starting in 2025, the companies declared in a timely manner. two American companies on July 26, and as the General Motors subsidiary in the country confirmed to Télam.
As it turned out, the superminister Massa plans to comment on how the new sectoral schemes for foreign exchange operations will be. The government is finishing designing the specific scheme for the mining sector -exporter and investment providers-, very similar to the preferential access to foreign exchange scheme that was regulated for new investments in hydrocarbons.
Alberto Fernández also plans to visit Houston within the framework of the United Nations Annual Assembly, as anticipated by the Argentine ambassador in Washington, Jorge Argüello.in the meeting with businessmen and politicians within the framework of the Council of the Americas that took place in Buenos Aires last Thursday.
In that same forum, Arguello confirmed Fernandez’s visit to Joe Biden at the White House, also in mid-September, at a particular moment in the relationship between the US and Argentina that passes through a mutual interest in the objectives of world food security. .
On the other hand, Massa has confirmed a meeting with Juan González, Joe Biden’s adviser for Latin America at the National Security Council., with whom the Argentine maintains, in addition to the professional link, a close personal relationship. In addition, next September 6 would be the date of the key meeting with the head of the International Monetary Fund, Kristalina Georgieva.
One of the objectives of the meeting will be to give formality to the second review of the agreement, where the Government discounts that it will be able to pass without major shocks, and negotiate the terms of what will be the third review corresponding to the current quarterand that it is committed to the quarterly goal of the level of reserves.
The Treasury Department will be another important axis in the economic meetings where it is expected that Massa will have to account for the fiscal deficitthe subject on which Yanet Yellen’s right-hand man, David Lipton, focused in the last meeting with former Economy Minister Silvina Batakis, who has already confirmed that she will accompany Massa on the journey.
At the stop on Wall Street, the minister plans to speak with Argentine bondholders, who are very interested in hearing first-hand how Sergio Massa plans to lower the fiscal deficit and promote the recovery of reserves. Likewise, he will meet with investment banks and, as he explained at the Council of the Americas, he will advance in the negotiations for the Repos, which are loans to the country with collateral guarantee, with the intention of buying back debt and strengthening reserves.
Massa reaffirmed before businessmen and politicians that a group from Asia, another from Europe and another North American approached him with proposals to materialize the “Repo”, and revealed that he asked these three entities – which he avoided naming – to unify their proposals. Finally, The meetings with the heads of multilateral organizations, David Malpass (World Bank), and Mauricio Claver-Carone (IDB), will be key to see how to accelerate investment projects that involve the entry of foreign currency.
Source: Ambito
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