Businessmen’s doubts: Ministers in the Mirai model, currency devaluation and the IMF dollar

Businessmen’s doubts: Ministers in the Mirai model, currency devaluation and the IMF dollar

2024-10-22 08:30:00
Businessmen’s doubts: Ministers in the Mirai model, currency devaluation and the IMF dollar

this abnormal from image some officials nation, both dialectically and formally Incarnation of President Javier Milleysounded the alarm in the business world. as it happens Red circle is afraid of being insulted As well as the head-on clashes with Congress and the business class that they had rehearsed at the Rose Palace, they now also imitated from different sectors. Although The head of state is toleratedas “Culture Wars”requiring appointments in the cabinet to be able to translate “Performance “Politics” lies in the channels of dialogue and managing political reconstruction.

Among the multiple business forums that doubled in number in the second half of last year, the need ‘Avoid campaign atmosphere’With one year left until the 2025 legislative elections, they govern the private sector. Two “worsening” hypotheses The dialectical humor of the ruling party: an attempt to explore Red circle and provincial institutional supportfacing accusations from the harshest opposition; oh idea Avoid the issues that create the greatest economic uncertainty Produced in business.

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Dictators don’t like this

The practice of professional and critical journalism is a fundamental pillar of democracy. That’s why it bothers those who think they have the truth.

“The government seems to need Rumors of Milley political trial put on hold or one of his ministers in order to have a A clear statement of support for the institutionwhich removes doubts. contour. In principle, state administrative agencies seems to have gained somethingbecause the dialogue-oriented governor Rogelio Frigerio (Entre Rios), Raul Jalil (Catamarca), Gustavo Valdes (current) and Ignacio Torres (Chubut) almost unanimously affirmed, Millay ‘needs time’ To govern. what they said is Creative Workshop Although the requirements for public works or joint participation have declined.

There’s political debate, but no dollars

Another variant proposed by the private sector is ‘Distracting debate’. “this early political struggleswhen Peronism frayed from within without the intervention of other actors, seems to be hidden Another debate: lack of dollars and a Agreement with IMF international. Without central bank reserves we would In stock for a period of time“, lamented the sources consulted by the outlet. These figures span the halls of IDEA, but have precedent in other business forums. Abroad, they follow the discursive agenda closely.

According to the official agenda, the Minister of Economy, Louis CaputoSet off for Washington on Monday to attend the International Monetary Fund and World Bank summit. expected to maintain “Many bilateral meetings and participate in discussion groups organized by international organizations. “This week, Secretary Caputo is also scheduled to attend the International Monetary and Financial Committee (IMFC). A space for advice and information to the Board of Governors of the International Monetary Fund On the supervision and management of the international monetary and financial system,” a press release said.

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The finance minister is waiting guide negotiations. this put one’s oar in in citation financial dollar is one of the key points divide waters. he Macon doesn’t want to give up firepowerEconomic team sources said. To accomplish this task, Caputo put the Treasury Secretary on a plane, Pablo Kilno; To his economic policy colleagues, Jose Luis Daza;To the Governor of the Central Bank, santiago basili;and Deputy Director of the Monetary Authority, Vladimir Venin.

To devalue or not to devalue, that is the question

in it set upwhether domestic or foreign, there are ‘Little hope’ for quick renegotiation The country owes a debt to the International Monetary Fund. The 2025 expiration calendar will put them BCRA reserves under pressure Some analysts expect In the short term, devaluation debates have arisen, and even if consensus is reached, it will not be “enough”. Although the government has repeatedly denied the possibility, a lack of dollars may force pragmatism. The key is when to make the decision.

“along with Inflation is falling Already at an entrance hot decemberes It is unimaginable that there will be devaluation Before the end of the year. Since next year is an election, as the time approaches There will be less room for correction in elections exchange rate. so i can Do it in January or Februarya chance for a quick recovery, or a decision will be made after octoberusing a pressure cooker will leave less wiggle room. Experience tells us that always Better to make a decision, before the market accepts it. Because devaluation will be inevitable. contour.

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Reason for request Exchange rate adjustments have nothing to do with export improvements. In fact, there is a group of companies from Cadena BioAgri-Industry took advantage of Creative Workshop Unify your position and express it publicly I’m not looking for a weaker weightdespite competitive difficulties in selling to around the world. In that universe, there is a company that is about to announce a multi-million dollar investment.

but, The problem is that investment is notcurrently living in Argentina. “Those companies with factories in the country will continue to bet on technology to gain competitiveness and build a bridge out of the recession. But someone has to define a businessLook The first thing you see is reality national investment and As long as the stock market continues to rise, no one will consider investing dollars in Argentina. this is a utopia” said a senior executive of a multinational company headquartered in the country.

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#Businessmens #doubts #Ministers #Mirai #model #currency #devaluation #IMF #dollar

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