The President left several definitions about the Government’s economic program for this year. Definitions on the direction to follow in the run-up to the Davos Forum.
The president Javier Milei reiterated this Wednesday the decision to align with the policy of USA and stressed that it is necessary to “move forward with free trade agreements“. He also left several definitions regarding the dollar, the stocks and inflation, at the same time that he pointed out against those who “warm the seats in Brussels”, with strong criticism for the cultural battle.
In dialogue with Bloomberg, the president also emphasized that “we are committed to eliminating exchange restrictions.”
“We are committed to eliminating capital controls, we believe that it is a tool of expropriation by the public sector,” said the president. Along the same lines, he maintained that he considers that it is “an event that restricts freedom and also violates property.”
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Presidency
“Obviously the trap is aberrant and I am going to remove it, what happens is that I am a libertarian liberal, I am not a libertarian liberal”held.
In another part of the interview, Milei maintained that obtaining fresh foreign currency would accelerate the process to release capital restrictions. “We are still going to get out of the stocks at some point when we manage to rebuild the balance of stocks in the Central Bank, the difference is that if we get financing the exit is faster. Any type of agreement that we make either with the IMF and/or with investment funds will not be used to finance the Treasury but to rebuild the balance sheet of Banco Central”, he commented.
Milei gave details of the negotiations with the IMF
Javier Milei also referred to the dialogue that the Government maintains with the authorities of the IMFand said in this regard that “one part – of the negotiation – has to do with the structure of these payments and another with obtaining new funds to rebuild the accounts of the Central Bank, that is, the stocks, and in this way accelerate the exit of the stocks. We are going to leave but the speed will depend on how much the amount of the operation is and how it is structured.”
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Presidency
At the same time, he maintained that work is being done on the possibility of a free trade agreement with the United States upon the arrival of Donald Trump to the White House: “Recently, when I assumed the pro-tempore presidency of Mercosur, I indicated that I had to advance along three lines: the fight against terrorism, drug trafficking and free trade agreements.”
The President considered that he could leave the regional bloc, although he stated that “there is a mechanism by which it can be done while within Mercosur.”
Source: Ambito
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