At the same time, he stated: “You cannot talk about growth. The comparisons that the government makes with the rest of the world are laughable “and as for the collapse of Argentine bonds and the record in Country Risk, it diagnosed:” mistrust persists: Alberto Fernández spent so much the cartridge of trust that already you don’t believe what you say. AND the market thermometer is the reserves of the Central Bank (BCRA) “.
“The Central Bank has the same reserves to intervene as a year ago despite the increase in commodities and the extra income from the IMF. In a year in which you had two fortuitous things that are difficult to repeat, you skated them ”, he asserted.
“The way to look at the reserves in the face of the exchange challenge that the Government has is like wildfire to intervene in case there is a shock. What I am looking at are the Central Bank’s own dollars, which it does not owe to anyone. I don’t look at gold or Special Drawing Rights (SDR, the currency of the IMF). Today the Central Bank has barely US $ 1.5 billion more than what it owes to the savers who deposited their dollars in the banks. It is true that last year it had US $ 1,000, but it is still a very low number, “said Prat Gay.
In closing, the former minister and member of Juntos por el Cambio focused on the lack of certainty regarding the International Monetary Fund: “What Guzmán has to produce and has not been able to produce is an economic program, that’s what the IMF is asking for. And regain trust and credibility. Because if not, it is a government that has its hands tied to advance, ”he said.
“What is the government going to do to regain the confidence of Argentine society more than that of the IMF, especially considering that it has two years of government left is the issue,” he concluded.
Source From: Ambito
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