It should be remembered that since the end of the first quarter of the year, the BCRA slowed down the rate of devaluation to remove pressure on prices. While the dollar it rose around 1% per month in recent months, inflation only fell 3% in a single month.
As for inflation, the holder of the said Central, in line with the look of several officials of the economic cabinet, which is a “multi-causal, not just money” and said phenomenon to overcome the phenomena of “stop and go” the Argentine economy will help solve this structural problem, by facilitating that “companies can put together programs to increase production that satisfy the demands of the public sector especially when it tries to prevent the extreme situations of poverty that our country presents.”
In parallel, Pesce stressed that the country is experiencing “significant growth in exports of industrial origin”But he pointed out that “to reach the peak of 2011 we need US $ 10 billion and, for that, we need the commitment of the State and private companies.”
“The increase in exports and development of the financial system are two issues that are not on the political agenda and are necessary for Argentina to move forward,” he said in this regard.
Finally, Regarding the agreement with the IMF, the public official said that “intense work is being done to reach an agreement” and that the logic of the conversations is not the same as that which existed in past decades.
It is worth noting that on this day it was confirmed that an Argentine mission, made up of members of the Ministry of Economy and the BCRA, will travel to Washington on Saturday to meet with representatives of the Fund.
Source From: Ambito
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