Sergio Massa will close the summit that the Chamber of Commerce of the United States in Argentina (AmCham) organizes annually. On this occasion, the meeting will take place from 9 am to around 7 pm at the Alvear Icon Hotel. Unlike what happened weeks ago at the Llao Llao Forum, the ruling party will participate in the event. The presidential candidates of Together for Change will also be present, Horacio Rodríguez Larreta and Patricia Bullrich. Expectation for signals on the economic course in the words of the Minister. Javier Milei’s foul.
The official vacuum at the summit that took place at the end of April in the luxurious hotel in Bariloche did not go unnoticed. At least externally, that meeting was monopolized by the opposition agenda: dollarization, devaluation, adjustment, labor reform. Within the ruling party, the debate persists on how to relate to this type of spaces organized by the Red circle.
At least for this occasion, recalculate the strategy. From the event sponsored by one of the most powerful business associations in the country the Minister of Economy, Sergio Massa; the ambassador in Brazil, Daniel Scioli; and it is not ruled out that President Alberto Fernández will also expose. All of this will be done under the watchful eye of businessmen and women, but also of representatives of the US government.
This last fact is not minor, for these hours the technical teams of the Palacio de Hacienda maintain long meetings by videoconference with the authorities of the International Monetary Fund to renegotiate the Extended Facilities agreement in force with the agency. From the Bloomberg agency they let it be known that the White House supports the Argentine request to advance IMF disbursements to swell reserves and alleviate the effects of the drought.
In fact, after the inaugural presentation, which will be given by the President of AmCham and Senior Country Officer of JP Morgan, Facundo Gómez Minujín, there will be a joint panel of the United States ambassador to Argentina, Mark Stanleyand the Argentine diplomat in Washington, Jorge Arguello. “200 years of bilateral relationship”, will be titled that first conversation.
The link between Argentina and the United States seems to be going through a good moment, after the meeting in the Oval Room that was first staged by Alberto Fernández and Joe Biden, and which later spread to the front page of the cabinet of both leaders. There the commitment to advance a broader agenda was left on the table. Especially in matters related to trade and investment. The General System of Preferences to benefit exports from regional economies and investments in lithium are listed as priorities.
For the closing, the presence of Massa is confirmed, under the title “AmCham talks.” His counterpart in that round trip will be Gómez Minujín. There is expectation as to what the declarations of the Minister of Economy could leave in decisive instances of the negotiation with the Fund and in the hours after the exchange rate run that seems to have found a brake last week.
Massa’s word also comes at a time when the continuity of Fair Prices is being negotiated again with the companies. Several of those who participate in the official program that seems to have become uncoupled before the new jump in inflation will surely be present in the conference room of the Puerto Madero hotel. The Government seeks to draw a new “path” for 90 days for the basic basket.
The opposition candidates, who usually play at home in this type of event, will also be part of the game. Both the Buenos Aires head of government, Horacio Rodriguez Larreta, as the former Minister of Security, Patricia Bullrich, they will carry the yellow representation in the room. The Governor of Cordoba, Juan Schiaretti, will be the standard bearer of the Peronism sector that is outside the Frente de Todos. All of them will be interviewed by the journalist Alejandro Fantino.
And Javier Miley? He was invited but never confirmed his presence, so it does not appear in the event planning. Perhaps it is a consequence of his passing through the Llao Llao and his attempt to explain the dollarization project, which according to the businessmen who had him face to face, was not entirely successful.
Source: Ambito
