The Minister of Economy, Sergio Massawas present at the opening of the production plant of Patagonia CNC Machines together with the Secretary of Industry and Productive Development of the Nation, Jose Ignacio de Mendiguren where they presented a program to empower exporting SMEs.
Massa announced that the initiative foresees make investments of 12 billion pesos to promote pymexexporting SMEs.
“We have to target transform each company into an agency selling our work to the world, each embassy in a placement agency of the Argentine effort in the world, each peso that we invest from the State in a development mechanism, to promote exports to make our economy strongMassa said.
In this sense, the head of the economic portfolio maintained: “We are going to be sustainable as a nation when we occupy the world with what we produce” and added that they are “willing to go to look for new markets and dollars” for the Argentine economy.
For his part, de Mendiguren assured: “Today what we are doing is going over our SMEs to continue advancing in an export modelvalue added and change in the productive structure”.
He also highlighted: “We all know that when an SME exports, it does not export commodities, exports technology, skilled labor, and an average price five times higher than that of a traditional export from Argentina. This is what we bet on, that change of production structure and I know that you are going to help us
On the other hand, Massa referred to the IMF debt after a renegotiation that confirmed this Monday a reduction of almost US$ 2,000 million of the 2023 goals as a result of the historic drought suffered by the country.
He criticized the debt taken during the Mauricio Macri administration and said that this commitment ended up imposing on the country “a stocks for an indebtedness that served to finance capital flightbecause “those who came to speculate to Argentina will take the dollars of those who work, produce and invest in the country”.
New agreement with the IMF for droughts
The Government agreed today with the International Monetary Fund (IMF) on a reduction of almost US$ 2,000 million in the goal of accumulation of international reserves for 2023 due to the effect of the drought on exports. On the other hand, it kept the fiscal deficit target of 1.9% of GDP unchanged for this year.
The decision is part of technical level agreement reached by the Argentine authorities and IMF staff on the fourth review under the extended facilities agreement (EFF, for its acronym in English) of Argentina, which must be approved by the Executive Board of the multilateral organization in the coming weeks. Once the review is complete, Argentina will have access to around US$5.3 billion.
Source: Ambito
