The former Minister of Economy, Sunday Cavallo, He assured this Tuesday that the privatizations promoted by the Government “They should not be done to simply solve direct debt problems or access the traditional financial market.”
Cavallo’s statements were made within the framework of the traditional “ringing of the bell” to begin operations on Wall Street, with which the Argentine company Transportadora de Gas del Sur (TGS), celebrated its 30 years of trading on the most important stock market in the world.
Through privatizations, “induce the development of the capital market and support good administration”, Cavallo told the press.
In this context, the former Minister of Economy of Carlos Menem and Fernando de la Rúa, highlighted that the Privatization processes should not be approached either with the vision of the bankers, who usually want them to serve simply to cancel the country’s debts, or with “the fiscal vision that marks the urgency of obtaining resources to plug fiscal holes.”
“Then (in the 90s) and also now, the issue of privatizations must be thought of in this way: that companies like TGS be created that have access to the local capital market and, if possible, the international one, to the New York Stock Exchange. York”, he stated.
This way, “Business groups are being born with the capacity for innovation, good business administration, investment and growth. “That is fundamental,” Cavallo assured.
Javier Milei’s government confirmed the privatization of Corredores Viales
The government of Javier Milei continues with its plan to reduce the State, which includes the closure of organizations, entities, and companies. In this context, it was confirmed this Tuesday that Road Corridors will be subject to privatization.
The person in charge of announcing it was the presidential spokesperson, Manuel Adorniwho said in his usual press conference: “Indeed, the Ministry of Economy, through the Ministry of Transportation, has just published the tender for the concessioned sections of the federal road network.”
“This new system makes it possible to break with an almost monopolistic participation that today is limited to road contracting companies”said the official while adding: “Today the participation of any private company that complies with the requested guarantees is enabled.”
Source: Ambito
