“The president of the BCRA has negative reserves. You have to return the special drawing rights. When he listens to the speech, he wonders if he had a goal that was November 14, why now they throw it away until December. This is the urgent thing. The exchange policy is no more. It is no longer going to devalue at 1% per month with an inflation of more than 3% ”, assured the economist.
Regarding the role of the Monetary Fund, he stressed that the objective is to prevent Argentina from falling into default again. “It is the only objective. There will be no structural, tax, labor, or pension reforms. There will be complicity to last. But when the moment of truth arrives, you will have to do something about tariffs and with respect to the exchange regime, the monetary issue behind the treasury. “
On the other hand, he stated that Argentina is experiencing heterogeneous growth: “They earn money with less volume than in 2019 because they charge more expensively. The popular government allows exorbitant returns because it is an economy of scarcity, not volume. In capitalism what The premium in is volume, long-term and credit. Here it is the other way around, “he remarked.
In the medium term, meanwhile, he pointed out that the goal is to reach 2023. “There is no making a plan in 48 hours. There is a dirty task ahead “and he concluded:” The government has to do what it refuses to do. ”
Source From: Ambito
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