“As the country risk will be below 700 points we will return to international markets”. This was stated by the president Javier Milei, by reiterating that decision although without giving a precise date. This ratified a decision that has been fogoneando the government from the agreement with the IMP
The Government insists without an exact date of when it will go to the markets, after obtaining the credit of US $ 20,000 million of the IMF, to which other funds from international organizations are added. It is speculated that it will not be before the October elections, and even some analysts expect to be in the middle of next year.
Milei spoke for almost 2 hours at Expo EFI 2025, with an extensive exhibition in which he did not save criticism of those who question his management: “Let them go looking for her, they have it inside.”
The libertarian leader reviewed all his economic management and highlighted the “achievements” of his cabinet, from the Economics portfolio – driven by Luis “Toto” Caputo -even what Sandra Pettovello in its management at the head of the Ministry of Human Capital. After this, Milei said that “It’s time for economic growth.”
Javier Milei said present at the EFI 2025 Expo
For almost two hours, the president made an exhibition against hundreds of businessmen, where he reviewed all his economic management, initiated on December 10, 2023.
The president’s speech began with a sample of gratitude for his entire cabinet, part of which he was present with the presidential spokesman, Manuel Adorni, the deputy, Jose Luis Espert, and the Minister of Economy, Luis Caputo. “I always have a Great thanks to the entire government team for the courage to accompany me in this truly heroic play, And especially who sat in the worst of electric chairs, the best economist in history, Luis ‘Toto’ Caputo “, assured.
Once again, Milei defended the agreement made with the IMF for US $20,000 million.
Depositphotos
Then, the president assured that his economic plan started from an economic diagnosis – shared with Caputo – that “The origin of the emission was given by the fiscal deficit.” “All the issues of the Argentine network are the result of not wanting to correct the true cause of the problem, which is the fiscal deficit, and then patches were put everywhere,” the president recalled.
In his presentation, Milei revindicated “The 15 -point tax adjustment”, the IMF agreement, the reforms carried out by Minister Federico Sturzenegger and the fall of poverty “in 22%which meant that the heartless of the liberals brought 10 million Argentines out of poverty. “
In reference to the agreement with the Fund, the President assured that the mechanism through which it was signed is part of the “rules of the game” and, after defining “bilardist” he sentenced: “Was it allowed in the regulation? Yes, then that they go to look for it, they have it inside.”
The long minutes of speech also had time for the libertarian leader to respond to current criticism about the exchange scheme, which establishes mobile flotation bands, among which the value of the dollar oscillates. “There are some who talk about exchange backwardness in a context where the exchange rate is free”he said.
“It is getting closer to the band below (the value of the dollar), and as time goes by, we continue to have a fiscal surplus and taking pesos from the medium, when we place the placement of the bopreal and enter dollars from outside. Oh, how will it hurt …“He said.
On the growth of the country’s economic activity, Milei explained that “When one takes the endless EMAE, it ended 6 points above the level of December of the previous year “ And he assured that the country had a development no longer in the form of “V” but “a tilde”. According to the president, as a consequence“1 months ago that the real salary does not stop up and the unemployment rate did not increase.”
Finally, Milei He admitted that “inflation is still high” but predicted that it will end “in the middle of next year“
“It is basically because monetary policy acts with a lag that ranges between 18 and 24 months. We set the amount of money in the middle of last year, that means that inflation has a death date and is in the middle of next year. So now is the time to start thinking about growing up “he sentenced.
News in development.-
Source: Ambito
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