Ámbito’s special envoy to Washington.-
The national government is determined to maintain the exchange rate fixed until November 15, according to official sources, and from that date, the crawling peg based on “October inflation minus one point”.
To achieve this objective, the economic authorities aim to lower inflation and, within this framework, include the agreements already entered into with medicines, fuels, and distributed inputs, among others, to keep fixed prices until november.
They hope that August will not exceed double digits and that the decline will begin to be registered from September when the effects of the different agreements reached are verified. It should be remembered that in the case of food and household products, a monthly increase of 5% was agreed until November.
Another of the purposes of the Minister of Economy, Sergio Massa is to maintain the activity. To this end, as of this Thursday, a series of measures will begin to be known, several of them focused on improving the purchasing power both for the passive, beneficiaries of state assistance and private workers, via a fixed sum.
There will also be a series of initiatives for SMEs and to support sectors that were eventually affected by the devaluation. The intention is that collection does not decline and thus manage the fiscal deficit.
In this sense, the expectation is that this Wednesday the board of the International Monetary Fund will finally disburse the 7,500 million dollars. In this way, after the payments corresponding to both the IMF and the result of the Qatar loan, the government will have more than 3,000 million for intervention in the market.
The meetings with both IDB as with him world Bank, have the purpose of raising funds for various public works. Meanwhile, the meeting with the Treasury authorities seeks to strengthen existing ties.
Candidate
The thing is Massa arrived in Washington with the two suits: that of Minister of Economy and the candidate for the ruling party who aspires to compete with the party that is elected in the October elections.
Despite the surprise caused by the good choice made by the La Libertad Avanza party, both in the ranks of the Together for Change team and in the Unión por la Patria affirm that “nothing is closed yet”. In this regard, in Massa’s environment they see themselves competing in the ballotage with Milei and “winning”
Of course, in Milei’s party they already feel like the government and, perhaps this would explain that when they spoke with the authorities of the IMF They told them that “it seemed good for the agency to continue with the disbursements.” “We prefer that the country arrive in December with a more stabilized economy,” Milei’s team would have said before the Fund, according to comments in Massa’s environment.
For the ruling party, the electoral battle is not lost, although they recognize that the angry vote that expresses the result of Milei or absenteeism, is right and they cite an example: the rental law, an issue that politics will only discuss this week before the “ electoral slap” received by both parties.
“They see us fighting and people got tired of us” They venture into Unión por la Patria and interpret that that is why they voted for Milei. But, they affirm that what the population is looking for is to have their problems resolved and this is one of the axes of Massa’s campaign.
Where the three parties coincide, although by different paths, is in the need for Argentina to need profound changes, which is facing the end of the cycle.
Massa, for example, if he is elected president, he will seek to govern by summoning all the parties since he aspires to have a “unity government.” For example, he believes that it is necessary to establish as a State policy, the country’s external indebtedness and, in particular, with the Fund. He often complains because the loans from this organization result in “having an auditor come to your house every three months.” However, for the moment this auditor will be the one that gives Argentina oxygen to go through these months without too many shocks.
Source: Ambito
