Within the framework of a new trip to the United States, the president Javier Milei He met Friday with the president of the Inter -American Development Bank (IDB), Ilan Goldfajn, who supported the macroeconomic course of libertarian management and said they analyze “potential financing around US $1 billion“By 2025.
During the meeting, the President ratified his “Unwavering decision to maintain fiscal balance And he reiterated that he will be indefatigable in giving the cultural battle for the sake of a better world, “the government reported in a statement. Both the head of the IDB, Ilan Goldfajn as Javier Milei They agreed to criticize the role of the State in economic matters. “It is not a good engine of private activity “, They affirmed.
In detail, the Argentine president is touring the United States, where he already held a meeting with the CEO of Tesla and American official, Elon Musk. Before the meeting with Goldfain, the president gave a Dissertation at the IDB entitled “The Argentine Economic Model”. He also met with the President of the World Bank, Ajay Banga.
The support of the IDB to Javier Milei’s economic policy
In detail, the president of the IDB provided a speech in the previous one of the dissertation of Javier Milei. The delegation that accompanied the Argentine president was composed of the general secretary of the Presidency, Karina Mileithe Minister of Economy, Luis Caputothe chancellor, Gerardo Werthein and the Secretary of Communication and Media, Manuel Adorni.
Goldfajn highlighted from the beginning the economic management carried out by the libertarian government. “President Milei has been a year of management and already addressed numerous challenges with their bold economic reformswhich are already producing tangible results. “
In this sense, the president of the IDB celebrated the reduction of the Argentine primary deficit from 2.9% to 1.8% In reference to GDP. In addition, he also stressed that the libertarian “Finalized the monetary financing of the BCRA of this deficit“
“President Milei, I remember that we talk in its inauguration about the estimation of the IDB regarding the efficiency profits in fiscal spending of 7.2% of GDP in 2016. Since then, we have updated this figure to 3.5% by the end of 2024, what which means that inefficiencies have been reduced by 3.7 percent of GDP, with their reforms certainly playing an important role, “said the head of the IDB.
Along these lines, Goldfajn said that Milei’s measures “they reduced public spending around 30% in real terms“And that managed to reduce inflation around 2%, which represents the lowest level in the last four and a half years.
Finally, the president of the IDB also highlighted the role carried out by the Ministry of deregulation and transformation of the State: “And its simplification and speed of regulations in Argentina have been remarkable, probably with both short and long -term effects,” he said.
BID financial support to Argentina
In the second part of his brief speech, Goldfajn said that, for 2025, from the IDB they will continue to “support Argentina’s reforms, further improving fiscal efficiency and public spending qualityand working in citizen security, among other priorities. In addition, we will continue to focus on the growth led by the private sector, which is key to the future of Argentina. “
In this sense, the IDB holder said that the institution is in the analysis stage of more than 20 private sector project, With a potential financing of US $ 1 billion for 2025. They point to the sectors of “Infrastructure, energy, telecommunications, agriculture, mining and financial institutions. “
In addition, Goldfajn highlighted Argentina as a lithium provider and other critical minerals. “And just as the United States and the world They look for safe lithium supplies and other critical minerals, we are supporting Three important lithium and copper projects in Argentina“He said.
Source: Ambito
