Before investors, Dujovne said the plan was receiving "social support," and then spoke with staff – 11/28/2018

The Minister of Finance, Nicolás DujovneYesterday, in front of investors and businessmen, defended the fiscal adjustment and the monetary policy of the plan set up alongside the IMF. "The most important is that we attend continuous social support even in the context of a recession characterized by high inflation", said the manager at an event at the Alvear hotel organized by The Council of the Americas.

The Dujovne exhibition was in English, under the eyes of several people from abroad to participate in the G20 summit. There were also resident residents as entrepreneurs: Eduardo Elsztain (IRSA), Alejandro Bulgheroni (PAE), Miguel Gutierrez (YPF), Gustavo Weiss (Camarco), Daniel Funes of Rioja (B20 and UIA) and Daniel Pellegrina (Rural Society) and governors. Juan Manuel Urtubey (Salta), Gerardo Morales (Jujuy) and Omar Gutiérrez (Neuquén).

In the end, and in a separate room inside the hotel, the minister briefly met with IMF staff. There was the director of the department of the Western Hemisphere, Alejandro Werner, the economist in charge of the Argentine case, Roberto Cardarelli and the representative of the IMF in Buenos Aires, Trevor Alleyne. The Deputy Minister of Finance also participated, Miguel Braun. The meeting was formal in the face of the summit and visit to the country of the head of the IMF, Christine Lagarde, who will meet Mauricio Macri Saturday.

At the end of this meeting, Dujovne left a series of definitions on the prospects of the local economy. Also on the agenda of the G-20. "We are working on the final declaration." He acknowledged that "Argentina is a small southern country that hosts the G-20 and coordinates the event without imposing its position, but we will seek that these agreements are those that represent the most our vision" .

On the national economy, the minister stressed that the rise of country risk in the last two weeks, this reflected what was happening generally in the bond market, like Argentineans. Mr Dujovne, however, admitted that there is a political risk detectable by investors and it is what he commands today: "The vulnerability indicators of the Argentine economy, such as the fiscal and external front, will improve and once the uncertainty that generates the political risk, all this will be transferred to the reduction of country risk ". He added that "investor issues mentioned in Argentina have evolved in the last months of the financial program towards political risk".

At the level of interest rate and its impact on economic activity, the minister said that "what counts to bring down the rate, is that inflation goes down, that's the way to go and not l & # 39; reverse. " Who decides the rate is the central bank. "