The large business chambers, nucleated in the Group of Sixwill meet next Tuesday at the Comerico Stock Exchange within the framework of the Infrastructure Policy Council (CPI). The objective of the meeting will be to propose key infrastructure works for private activity.
The presidents of the Argentine Industrial Union (UIA), Daniel Funes de Rioja, the one from the Argentine Chamber of Construction (Camarco), Gustavo Weiss, the one from the Buenos Aires Stock ExchangeAdelmo Gabbi, the one from the Argentine Chamber of Commerce and ServicesNatalio Mario Grinman, the one from the Association of Argentine Banks (Adeba), Javier Bolzico, and the one from the Rural Societyl, Nicolás Pino. Furthermore, the presence of leaders of the General Confederation of Labor (CGT).
With this scenario in front of us, the businessmen grouped in the group will raise proposals to reactivate infrastructure works with private capital. In addition, they will also seek to request completion of private works, since, due to the serious deterioration they suffer (or the occupations or vandalization of homes), this leads to losing the invested capital.
According to the Noticias Argentinas agency, among the proposals that will be considered include the development of rural roads within the framework of a “Productive Connectivity Plan” that reduces satellite internet costs and reaches disconnected communities. We will also seek to debate water and sanitation works and control of water extremes (floods and droughts) and logistics projects that include renew 3,000 kilometers of railway networks and discuss their expansion.
Javier Milei’s call to businessmen: “It’s time to invest”
Milei was present at the IDEA Colloquium and he spoke, last Friday, before the red circle of businessmen gathered in the city of Mar del Plata. Among the most important definitions, the President insisted that his government will not devalue and that it will advance towards endogenous dollarization, while reiterating his call to businessmen to invest in the country.
“You are responsible for your own destiny, you are the architects of your own future. If you don’t take care of yourselves, who is going to do it? The State? No, because the only thing the State can do is harm, the State does not produce anything. When the State gives something, it is because it previously stole it from someone. For this reason, we have implemented the most liberal policy in all of Argentine history.”Milei explained.
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Then the libertarian leader added: “You are responsible for making Argentina great again. We are just giving them a playing field on which they can play. But you are the ones who are going to put Argentina on its feet.”
Milei also anticipated that the Government expects a “investment wave“, especially in the energy sector. In that sense, he also highlighted the importance of the implementation of the RIGI (Comprehensive Investment Guarantee Regime), which he assured will offer solid guarantees to those who decide to invest in Argentina, allowing the private sector to operate without the usual fears related to expropriations or unforeseen changes in the rules of the game.
“We incorporate the financial economic equation of a business, which means that every time the State wants to carry out fiscal policy that harms the private sector, the cost is much higher,” he explained.
Furthermore, regarding the criticism, the President stated that the “negative impact“What happened in the first quarter in the productive sector” has already begun to reverse. “The utilization of installed capacity is above what we had last year,” argument.
“The economic program was so well designed that it meant not having to suffer greatly in terms of activity,” celebrated the head of state. “If you want to see it with industry, It is already at the same levels as November. That is to say, there was a negative impact in the first quarter and it has already started to revert. The economic program was so well designed that it meant not having to suffer greatly in terms of activity and today the use of installed capacity is already above last year,” he stated.
Source: Ambito
