The minister shared a panel with Yanis Varoufakis, former Minister of Finance of Greece during the crisis of 2015 and a reference of the Progressive International; and Andres Arauz, former Minister of Knowledge and Human Talent and former presidential candidate for the Citizen Revolution Movement in the last elections in Ecuador.
Guzmán also indicated: “The Central Bank is accumulating reserves and we have a trade surplus and exports are growing. In other words, we have more resilience and not less on the external front.”
The Minister of Economy later said: “Ending dependence on the IMF is an act of sovereignty. The IMF is the main problem left to Argentina by the government of (Mauricio) Macri. It financed the campaign for Macri and today the people. Argentina is paying for it with fewer job opportunities and more inflation. “
“The IMF loan was a political loan. The IMF will not recognize it, but it was the Executive Director at the IMF who sat in the chair of the United States at the time of the loan who said publicly that it had been a loan to support the previous government “, he asserted.
He also added: “What we have to achieve is that the IMF stops being a destabilizing burden on the balance of payments. That is what we are looking for: an agreement based on what is our economic programming to reassure the Argentine economy.” .
Meanwhile, he said: “We are looking for a convenient agreement for Argentina that implies that the load is sustainable. The volume of debt is so large that it will take different steps to be able to solve this problem in a way that ends up being sustainable. agreement is a step on that path. “
“Can one kick the board and say ‘out the IMF’? Here what must be understood is that the rival also plays. Here we are talking about the relationship of a Nation State and all the Nation States of the world. We are talking about the integration of Argentina in the world, “he said.
He also pointed out: “We need an Argentina that is properly integrated into the world, not like the government of Juntos por el Cambio did. That is integrated in a way that favors the development opportunities of our real economy.”
“The Government leads, but it is very important that the different economic sectors of our country accept the leadership and that when they go out to ask for an agreement, they do not ask for any agreement. That they accept the premise of our Government to seek an agreement that works. Always working on a principle of political construction where understandings and consensus are the basis. This can only be achieved with a project that puts working people as the protagonist, “he said.
He also indicated: “The only political space that today offers a project that puts working people as the protagonist is ours. We have an international financial architecture written by financial power for financial power. Not an architecture that puts finance at the service of power. be used for development projects that have the people as protagonists “.
“What creditors try to do is get the most out of it and many times they succeed because the architecture was designed by them,” he said, adding: “What ends up happening is that restructuring takes too long to start and most of the sometimes, when they are finished, they do not result in enough relief for countries to come out on top. It is the syndrome of ‘too little too late’ “.
Meanwhile, he indicated: “The IMF has always been on the side of the creditors, and last year there was an anomalous situation from the historical point of view, which was the restructuring of Argentina, in which the IMF played a different role and supported”.
“The balance of power is very asymmetrical and the asymmetries of power are very important. Many times in international forums there is talk of transparency. Do you know where there is less transparency? On the side of the creditors,” he commented.
Guzmán pointed out that “fiscal austerity, that the State shrinks in a time of recession, never works and aggravates the recession”, and said: “Our government raised when we assumed, not to go down that road, to take a path that takes care of Argentina and that is what we are doing.”
“What happened to JxC from the perspective of JXC was not a mistake, it is an alliance. The decision to privilege payments to private creditors in dollars when there were no more dollars in the country, and to take money from the IMF to pay the Private creditors too. It is to privilege and choose an alliance with the international financial power. Why couldn’t they have done what we did? We did restructure the debt, “he said.
He also stated: “The structural conflict of interests that exists in Argentina means that there are some who are on one side and others who are on the other. In the Frente de Todos, all parties understand that the main reason for the unity is that we are all on one side of that conflict of interest, on the side of governing for the people, and that our alliance is with the people, with the Argentine people. It is seen in the constitution of our government. No one responds to economic interests: the President, the Vice President , myself”.
“There will be nothing worse for the future of the Argentine people than an incorrect alliance. A yes that works can be achieved and that is what we are working on. We have taken very important steps. The next step is collective, not only of the government.
The next step is all the factors of power in Argentina and they are also responsible to the people.
We will seek to continue leading a solution to this serious problem facing Argentina, “he concluded.
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