The owner of the Central Bank of Uruguay (BCU), Diego Labataffirmed last week that the country’s competitiveness is correct, which generated the responses of the former Minister of Livestock, Agriculture and Fisheries, Carlos Maria Uriarteand the former president of the Rural Association of Uruguay (ARU), Gabriel Capurro.
The president of the BCU affirmed during the XXXVIII Annual Conference on Economics (JAE) that “there are a lot of factors” that directly affect the competitiveness of a country, and that the national government carried out “a series of measures in different areas” in this regard.
“One of the factors that influences competitiveness is the inflation low, which is the one that corresponds to us”, indicated Labat, adding that “the objective is the inflationthe BCU ensures the stability of the national currency”.
Asked about the strength of the Uruguayan peso against the US currency, labat pointed out that “the behavior of the dollar has clearly been one of the factors that have helped the inflation behaves within the range (target)”.
The reactions
After the declarations of the head of the BCU, two referents of the Uruguayan agricultural economy reacted. The first to do so, through his social networks, was the former Minister of Livestock, Agriculture and Fisheries in the current government administration and former president of the Rural Federation (FR)Carlos Maria Uriarte.
“Unhappy. This is the type of statement that is like an insult to those who must bear the costs of foreign exchange arrears (tourism and export), worse coming from one of those responsible for such a decision. Instead, thank them for their effort,” said Uriarte.
For his part, the former president of the Rural Association of Uruguay (ARU), Gabriel Capurro, assured the television program, Gente de Campo, that Labat’s statements drew attention. “He said that competitiveness is correct and that you have to look beyond the exchange rate, it is striking that an authority of this government says so,” Capurro established.
The former president of ARU assured that the idea of looking beyond the exchange rate is not original and that it is necessary to take into account the cost of the electric power in Uruguay It is the most expensive on the continent, as well as the cost of fuel, which causes an increase in the cost of fuel. “It strikes me that an economic authority in this government says that the competitiveness It is correct because it is showing that it does not know and that it does not listen because it has been told from all sectors that there are problems of competitiveness”, added Capurro.
Source: Ambito
