“We are working to reduce inflation. An objective would be 40 and, if it is a little less, better. We are aware that 40 is not a good number but it is better than the 50 percent with which it closes this year,” they said the same sources during a contact with the press.
In 2022, one of the central axes of the Government’s economic policy will be to guarantee the supply of dollars for the productive sector, so as not to slow down the growth that this year will be around 10% of GDP.
The reactivation of the economy experienced by commerce, industry and construction in 2021 could be affected if there is a delay in the import of intermediate or capital goods that these items require to maintain their recovery, so it will be key to guarantee the dollars.
“Our bet is to balance the macroeconomy. The country is in a position to generate the dollars, if there is an agreement with the IMF, that they reach to grow at a rate of 4.5 percent per year. Today we have a real economy that is doing great despite the fact that the financial economy shows many problems that will take time to solve, “the sources pointed out.
The presence of a gap of around 100% between the official dollar and the stock prices – MEP dollar and CCL – is one of the main obstacles in financial matters, something that they hope will be reduced without betting on a devaluation that “would only cause more inflation “given market conditions.
In this context, the price agreements to promote a disinflation process will be “support tools to help a disinflation process and in a framework of cost collapse to stop an unfounded inertia”.
“In 2022 they will join an exchange policy with monetary and fiscal regulations and an agreement with the Fund,” said the sources regarding the price agreements.
Regarding the ongoing negotiations with the multilateral organization and the possibility of reaching an understanding, the sources pointed out that “in any scenario between signing or not signing, the costs are indisputably higher if an agreement is not reached.”
To have the dollars that support this growth, one of the central factors of the official proposal is to face the Productive Plan 2030, announced by President Alberto Fernández at the beginning of the month at a meeting organized by the Argentine Industrial Union (UIA).
“It is necessary that all of Argentine society, all of it, without exception, generate employment thinking of growth that becomes sustainable over time. We are determined to promote productive policies that allow a true rebirth of Argentina to be achieved. Development must reach everyone. You should not focus on a few, “said the President on that occasion in his speech at the Industrial Conference.
There he asked Congress for the approval of six bills to promote the production of Hydrocarbons, the Agrobioindustrial complex, the Compre Argentino, medicinal Cannabis, sustainable mobility and the automotive industry.
The objective of the production plan -which has already been drawn up and approved in a draft- is to work with an incentive scheme for production segments and discuss it with all the productive sectors and unions within the framework of the Economic and Social Council.
Another engine of growth will be the promotion of financial inclusion credits that, through the Argentine Guarantee Fund (Fogar), aims to reach a volume of $ 900,000 million in loans to various productive sectors, especially small and medium-sized companies that today they do not have access to bank credit.
“We want to massively replicate the Fogar guarantees and gradually replace the Leliq and the Passes that the banks have deposited, their liquidity can be exchanged for loans to the productive sector, with a guarantee that they are backed by a fund that, in the absence of payment , responds in 20 days “, they detailed from the Productive Development portfolio.
Source From: Ambito
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