Argentina from Dujovne | The minister celebrated the …

Finance Minister Nicolas Dujovne returned to celebrate economic adjustment policies. This time, at a meeting with investors in the G20, Dujovne pointed out that the government was receiving "continued social support even in the context of a recession characterized by high inflation" , which, he said, is reflected in opinion polls. -Although the latest polls show an increase in the negative image- and agreements with "key players", such as they define the Peronist Senators who supported the 2019 budget agreed with the IMF. With this confidence, the head of the Treasury promised investors that "the administration is convinced of the need to continue to push for reforms."

"Investing in Argentina: The Way Forward" was the name of the committee led by Dujovne with the President of the Council of the Americas, Susan Segal, as part of the activities leading up to the G20 summit, from which new promises are expected. which agreements, but that President Mauricio Macri will take advantage to hold bilateral meetings with the presidents of the industrialized countries.

In the panel, Dujovne badured investor groups that "continuous social support" for managing change "even in the context of a recession characterized by high inflation" is due "to" an effort conscious of the administration for a socially and politically sustainable pace. "This sounds like the theory of" gradualism, "he said after the mega-devaluation of the peso, the sixth month of economic recession and record highs. Annual inflation which should exceed 45%.

Despite the critical social and economic context, the finance minister highlighted the "political capacity of the national government to move forward", a virtue that was summed up two weeks ago during a speech on the stock exchange: "Never made such an adjustment without the government falling."

The minister confirmed the continuity of the adjustment policies agreed with the IMF and badured that "the administration is convinced of the need to continue to press for the reforms to favor development". In explaining the negative progress of the economy, Mr. Dujovne again stressed the legacy of an economy characterized by "serious imbalances" and said that "in the middle of 39, a gradual normalization, a series of shocks sowed uncertainty and caused an unexpected recession ". .

The minister promised that political stability would be maintained thanks to the fact that "important parts of the population and key players have finally reached consensus on the need to change to build a more prosperous, free and integrated country" and stressed that support is perceived "Not only in opinion polls, but also in the decisions of key players who, for example, voted a balanced budget for 2019 in Congress."

In this tone, Dujovne thanked the "support of the international community" and ratified the commitment of the adjustment policies agreed with the IMF in the face of the setbacks that we have experienced this year, which is why we have not seen it. has only strengthened our determination to follow this path. "