He Minister of Economy, Luis Caputo, and the Chief of Staff of the Nation, Nicolás Posseheld several meetings with representatives of various firms in the energy sector, exploitation of natural resources, the pharmaceutical and food industries (such as Amazon, Glencore, Total, Naturgy and MSD, among others) within the framework of the Davos Economic Forum .
In a joint statement, the Chief of Staff and the Treasury Palace highlighted that the businessmen expressed to the officials their interest in expanding investments in the country, with the expectation placed on the draft Base Law and its legislative treatment in Congress.
In this framework, the ministers who accompanied the president Javier Milei on their trip, who were the chancellor Diana Mondino and the aforementioned Caputo and Nicolás Posse, They gave a press conference to several international media in which the leader of the Economy portfolio left some definitions.
Caputo pointed out that dollarization today is not in the short term. In other words, it is a plan that he does not plan to carry out at the moment. Likewise, he spoke about the problem of inflation and trusted “May things improve by the end of the year” and avoided giving forecasts about the next inflation indicators. “Then you get trapped,” she said.
This is how he expressed himself regarding the great problem that it represents for the Government a figure of 25.5% that was known last week for the month of December, whose main component is 54% devaluation implemented and price adjustments that the current management has been carrying out.
Regarding the possible closure of the Central Bank (BCRA)one of Javier Mileu’s campaign promises, said that “first we have to stabilize the economy”, and then deal with that issue.
He also referred to the possibilities of a dollarization of the economy. He said that the conditions are not yet in place. “There is no rush for this dollarization. The priority is to stabilize the economy,” he stated. Thus he implied that it continues to be an objective for when the conditions are met.
Other economic definitions were given by Posse, who assured that The Government’s objective is to end debt and anticipated that, “after hard times, the situation will improve.” And he said, on the other hand, that “the faster we implement our program, the one that the people voted for, the faster the economic situation will improve and the recession will be shorter.”
The head of the Treasury also highlighted the according to the IMF, “the fastest ever obtained. Our relationship is excellent. It is not a new agreement, but we are very optimistic. We also hope to have a new program. But, this time, we will solve it ourselves this time.”
And Mondino spoke about relations with China. “We never said we were going to break relations with China. Our relationship will be based on values. “The contracts will be respected,” she stated.
The relationship with companies
Regarding the dialogues they had with the businessmen, the case of Amazon Web, The technology firm expressed its interest in Argentina, highlighted the capabilities of Argentine human capital and emphasized the advantages for entrepreneurs.
For its part, Glencore, The global natural resources company based in Switzerland, expressed its interest in expanding its future investments in Argentina. In the case of the French energy company Total, The interest was also placed on the investments carried out in the country. There was also a meeting with the MSD Human Health International President, the pharmaceutical multinational based in New Jersey, United States.
The marathon of meetings also included a meeting with executives of the firm Naturgy, the Spanish energy company that operates in the electricity and gas sectors. Posse and Caputo also spoke with the Secretary of Financial and European Policies of Germany, Joerg Kukies, and with the Minister of Special Affairs of the German government, Wolfgang Schmidon sustainable energy and mining.
Source: Ambito
