In addition, they pointed out that the extension of payment terms with the agency helps to improve the maturity profile of the public debtand highlighted the need for coordination between Nation, provinces and municipalities To order the public spending and move towards a less distortive tax structure.
The news took some business referents by surprise, especially for the decision to raise restrictions to dollars access earlier than expected. However, the answer was overwhelming.
From the Argentine Business Association (AEA) to the North American Chamber of Commerce in Argentina (Amcham)the Argentine Chamber of Commerce (CAC)the Argentine Confederation of Medium Enterprises (CAME)the ASSOCIATION OF ARGENTINE BANKS (ADEBA)the United Supermarket Association (ASS) and the Argentine Chamber of Distributors and Self -Services (CADAM)they all went back to the understanding with the IMP and the new exchange regime.
The CAC statement
From the Argentine Chamber of Commerce They stressed that “understanding with the background, In line with the ordering implemented by President Javier Milei since its assumption at the end of 2023, and that allowed a overwhelming stabilization of the national economy, will favor the growth and generation of quality employment ”.
They also clarified that U $20,000 million agreed with the agency will not go to the financing of the deficit, but to the sanitation of the Central Bankwhich “will favor the generation of trust and the consolidation of the pronounced decrease that inflation had in recent months”
Came also held the agreement
In that same line the Confederacy Argentina of the medium -sized company (Came)which defined the lifting of the stocks as “A key step in the normalization of the Argentine economy“And he added:”It is expected that the release of the so -called ‘exchange rate’ for natural persons will continue with the total flexibility of controls in a path of broad predictability”Likewise, he stressed that the new administered flotation scheme will require measures to avoid impacts on prices.
From the financial sector they also celebrated the measure. A businessman’s businessman defined as “timely and convenient“The announcement, since it allows you to rebuild the International reserves In a global context of growing instability. “You stretch the maturities with the organism itself and more fresh silver arrives. Having negative reservations is walking through the cornice”, He explained.
What did they say from an idea
However, everyone agreed that the real challenge is Avoid transfer at prices. The data of March inflationwith a 3.7%it ignited alerts, and the elimination of the stocks generates the risk of a Pass Through that stops the disinflation process.
From the Institute for the Business Development of Argentina (IDEA)its president Santiago Mignone He argued: “Not every movement of the dollar has to generate a pass Through. When they were made Settings in the value of the currency With more reasonable conditions of the economy, there was no total Through Pass, which gained competitiveness. ”
And he remarked: “It’s excellent news. The agreement gives him greater credibility to the program. They are no longer funds that enter to cover the deficit, but to clean up the assets of the BCRA ”.
The UIA also manifested about the removal of the exchange rate
In the industrial level, the Argentine Industrial Union (UIA) He still did not spread an official statement. However, the president of the UIA, Daniel Funes de Riojawarned that “We don’t have an estimate about how much the dollar will open on Monday. ”
In statements with Radio Miter, the businessman said: “The lifting of the stocks seems to me that it is an important element, In addition, the exchange issue and allowing profits from this exercise, is obviously the correct path for normalization. ”
On the new exchange scheme between bands, he explained that “it allows a better adaptation to the daily fluctuations and the reality of national production.” However, he recalled that behind all this news they have to be “structural reforms.”
The Wholesale Supermarket Chamber (CADAM) He also said that the departure of the stocks is an accurate decision, indicating: “They eliminate two historical sources of inflation in Argentina, and more flexible without releasing the exchange band system, which allows greater freedom without the chaos of a total flotation. It is an orderly way to leave the stocks”
Industry Day Javier Milei Daniel Funes de Rioja
UIA Press
From the Banking scopethe head of Adeba, Javier Bolzicocelebrated the agreement and asked to advance with a deep reduction in added spending that allows to eliminate the distortive taxes. He also said that the financial system will continue to collaborate in the recovery of the country through credit and quality services.
The Camarco Message
For its part, from the Argentine Construction Chamber (Camarco)its president Gustavo Weiss He said that the announced measures “They go in the positive sense of transparent and normalize the market from the important game power that gives it the agreement with the IMF”, Which should encourage investments and liquidation of pending exports.
On the other hand, the Chamber expressed “Your support for the recent agreement reached between the Argentine government and the International Monetary Fund (IMF)as well as the decision to eliminate the exchange rate definitively “and said that” these measures are fundamental to recover the Macroeconomic predictability, promote investment and strengthen confidence in the country. “
“The CEPO Departure represents a significant advance in the process of standardization of the exchange market and the integration of Argentina to the Global Financial System. This step will contribute to improving access to financing, reactivating paralyzed projects and facilitating the development of new infrastructure initiatives, a key sector for Employment generation and sustainable growthand, “they sentenced.
Source: Ambito
