“There is the possibility of agreements that previously would have seemed more difficult,” said the Minister of Economy after Donald Trump’s victory in the United States.
The Minister of Economy, Luis Caputoreferred to the dialogue maintained by the Government with the International Monetary Fund (IMF), He specified that they are preparing for a new program and announced that there are possibilities of fresh funds entering the country.
He stressed that starting next year there will be a “closer relationship with the United States” after the electoral victory of donald trumpwho will take office on January 20. “There is the possibility of agreements that previously would have seemed more difficult,” said the official.
“With the IMF we have begun to talk informally about a new program. We are probably going to go to a new program and it will surely involve new money. We are discussing two things, how much money it is and how that money will come in. It is not the same that they disburse you US$1,000 million at the beginning, that they enter US$12,000 million,” he said in an interview with TN.
Luis Caputo celebrated Argentina’s economic direction and assured that the country “is already in currency competition”
Furthermore, he highlighted Argentina “is already in currency competition” because “it can now be invoiced in dollars.” “When the president talks about endogenous dollarization, he means that the economy needs to be remonetizedboth in pesos and in dollars”.
Along these lines, he celebrated “the normalization of macroeconomics“and noted that “it was done without affecting salaries nor economic activity”.
“The salary is beating inflation, October is probably the seventh month in which salaries beat inflation,” he said.
As for the inflation, highlighted the drop in wholesale prices 1.2% levels and said that they are at levels that “a year ago were unthinkable. For next year the rates already validate the inflation that we have in the Budget.”
He acknowledged that “the middle class is fighting it” although he rescued: “lor good thing is that the numbers we are seeing are the right way to go.with downward inflation, having reconstituted rates, food, fuel, and without breaking contracts or plans Bonex”.
Source: Ambito
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