As much as Georgieva later clarified that her statements were addressed to the government, aiming that she did not intend to influence the Argentine electorate, in Washington it is interpreted that the words of the managing director revealed the deep concern that exists in the agency for the fate of Argentina that is – by far – its main debtor. And whose treatment is, incidentally, cost the race to more than one senior fund official.
In international media it is argued that doubts about the continuity of the Argentine program are founded not only by the erratic history of the country, but also because the failure of the last attempt to change during the presidential management of Mauricio Macri They emphasize, ended very badly in 2019.
The statutes of the Fund do not allow their officials to comment on political issues of the member countries, but the reality is that In the United States there is concern about what is considered “institutional fragility in Argentina”the country with which it has the best relationship in Latin America.
Doubts: Investors expect greater consolidation of reforms
With the latest modifications to the exchange rate, The government cleared one of the most important questions for the planning of multinational companies. As is known, the transfer of utilities and other payments abroad was released, while for stocks the payment will be possible through a new public, Bopreal title.
But from a medium and long -term perspective – which are the horizons in which productive investments are projected – in multinational companies and investment banks they expect “A greater consolidation of the reforms carried out by Milei”as they pointed out to Scope.
The analysis carried out by investors is that the country achieved a notable ordering of its macroeconomy, but also evaluate that This advance will not be held over time without carrying out structural changes -such as reforming the tax, labor and pension system. And they are worried that “An important part of public opinion continues to be in favor of statist policies”.
Since a sector of Argentine society is against the abuses of the State. It is the one that was reflected more than 40 years ago when he saw on television and applauded the then famous comic program segment the nut entitled “The Tree Process”. These were episodes that showed the sufferings of a neighbor who never finished planting a tree on the sidewalk because of the bureaucracy.
Or, more recently, The famous public employee “flora” starring Antonio Gasalla, A sketch that criticized the work attitude of public employees with chicanas and ill -treatment of citizens who came to do a procedure.
In this sense, the Minister of Deregulation and Transformation of the State, Federico Sturzznger, has been eliminating numerous norms and, in the next few days, other bureaucratic eliminations will be known.
However, there is also an important part of society that after decades of preaching of Peronism and more recently of Kirchnerism, aspires to a strong public sector and a “present state.”
Divisions that are maintained
Immediately, no matter how much that Milei continues to maintain a high percentage of approval – more than 40% positive image according to most surveys – political analysts reveal that Argentina is still a divided society.
A striking fact about it: 97.5% of Milei’s supporters have a negative image of Axel Kicilloftoday the politician who is emerging as the main opposition candidate to compete in 2027 for the Presidency. But hate are crossed: Among the adherents of the governor of Buenos Aires, the rejection of Milei reaches 98%according to a Synopsis study.
A few weeks after the beginning of the main disputes of the mid -term electoral process (May 18, legislative in the city of Buenos Aires take place) The ruling continues to lead the surveys, but not for too much margin.
If the national legislative elections were today, La Libertad advances would take 37.4% of the votes and the 6.3%that is, added would reach 44%. It would be a flow that would be above 40% that accumulate Kirchnerism with 29.6% and Peronism no K with 10.4%, According to the last measurement of the consultant who directs Lucas Romero.
An additional concern among investors is The negative impact that the eventual triumph of Peronism in key districts could have on expectations With the Federal Capital -it is probable for the division of the rest of the parties -and in the province of Buenos Aires -if freedom progresses and the PRO does not agree. There are those who claim that, in this scenario, they would reappear “the ghosts of the return of populism.”
In business media it is also said that there is concern because some consider that “The government is very locked up”, as they comment in business media.
They add that “without a doubt the last days were very good for Milei, He left the stock without the dollar, received praise from the United States and the IMF and there are companies that are rolling prices ” And, they reflect: “Hopefully these achievements do not dazzle them and end up not listening to those who make well -intentioned observations.”
Source: Ambito
