President Javier Milei signed a decree appointing the accountant Ariel Montenegro as new regular trustee of the Central Bank of the Argentine Republic (BCRA) and to the lawyer Ignacio Perez Cortes as Deputy Trustee of the entity.
The appointments have transitory character until the agreement of the Senate is obtained for the definitive officialization of both officials in their positions, as established in article 36 of the Organic Charter of the BCRA.
In this way, the Executive power progress is being made in regularizing the institutional situation of the Central control bodies, which have been vacant for months in the case of the Principal and Deputy Audit Office.
The members of the Board of Directors of the Central Bank, one by one
Montenegro and Pérez Cortés They must now collaborate with the internal oversight work of the Board of Directors headed by the president of the BCRA, Santiago Bausiliand which also includes Vice President Vladimiro Werning, Second Vice President Alejandro Daniel Lew, Directors Marcelo Eugenio Griffi and Agustín Pesce.
The superintendence of Financial and Exchange Entities, Juan Ernesto Curutchet, It’s part of the team.
Likewise, they will interact with the regulation and supervision tasks of the financial system carried out by the Superintendency of Financial and Exchange Entities.
Thus a new step is taken to complete the authorities of the Central Bank after the change of Government on December 10.
The objectives of the Central Bank for 2024
He Ministry of Economy presented its economic program on December 12, focused on structural modifications to reverse “the instability and stagnation in the Argentine economy ”.
In this framework, the elimination of the fiscal deficit and its financing through the monetary issuance of the BCRA, “with the objective of achieving fiscal balance in 2024.”
According to the agency in charge of Santiago Bausili, also searched eliminate regulations, bureaucratic obstacles and correct relative prices, especially the exchange rate, “to restore external balance.” Furthermore, as indicated, it aims to clean up the Central Bank’s balance sheet by recovering international reserves and resolving its remunerated liabilities.
Source: Ambito
