On Monday holiday after the ballot general increases in international stock markets They set the initial course of the week. We will see how the behavior of the local market in the coming days. It is inevitable to expect immediate responses to the end of electoral uncertainty, both as a result of an immediate reflection, as well as responses as they are presented, and executing, of course, plans that go in the direction that the electorate expressed their support.
It is impossible to predict what may happen in the short term, but it is possible to expect certain patterns common to deregulated economies. As declared last week by the president of the Institute of Company Directors of Argentina, Santiago Gallichio, the new government “must make a series of decisions to promote economic development and the growth of private companies”. The Capital Market is the proven means worldwide for the in-depth and extensive development of private companies. The most urgent aspect to improve and understand the dynamics of the markets that we hope will enter to invest in the Argentine Real Economy is the Corporate governance.
We get tired of reading and mentioning that what is needed is direct investment to Real Economy and not in corporate debt, but We do not see that the correct structuring of companies is being considered in order to be receptive to contributions from foreign capital.. The best way to prepare is not with a Public Stock Offering. That is too quick and hasty an alternative. The best thing in these times is to have a diverse Corporate Governance structure, prepared, experienced and with the proper network of contacts.
The reconstruction of the capital market is expected with more SMEs offering their assets in it, this being one of the main emerging from the deregulation of the capital market. The reintegration of Argentina into the international financial market is essential.
As the president-elect announced in his campaign, Javier Mileiwe need a free and absolutely deregulated capital market.
We are prepared for the normalization of relations with international financial organizations, the freedom of national financial movements, in the medium and long term. From the capital market we know how to apply financial engineering.
Vice President and CEO of Numero Bursátil and associate director in charge of the Corporate Financing Department of Phronencial.
Source: Ambito
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