Lacunza The key definitions of the new minister on his first day



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Lacunza The key definitions of the new minister on his first day – LA NACION


The new Finance Minister, Hernán Lacunza, said that "a higher exchange rate is not necessary" and confirmed that Argentina would comply with the guidelines of the agreement with the IMF. Source: LA NACION – Credit: Silvana Colombo

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The new Minister of Finance, Hernán Lacunza, took office today after 8 hours after the oath of President Mauricio Macri. A few minutes later, already in his wallet, he went to the press and defined the main guidelines of his management. These are the strong points:

Dollar

  • "The electoral process is not indifferent to the
    trade instability".
  • "You do not need a
    exchange rate upper".
  • "We have reason to think that the exchange rate is above its equilibrium value; any rise in the currency will have no reason to be in fundamental terms."
  • "The president has given me a central mandate: to guarantee the stability of the exchange rate as a first-rate goal".

Finance Minister Hernán Lacunza's press conference – Source: Casa Rosada

8:35 p.m.

markets:

  • "While the market is looking into the future, what the opposition says is sometimes more important."
  • "In times of uncertainty such as
    election periods, stability is the most important public good that the Ministry of Economy has to offer to care for the Argentineans. "
  • "We are living through a complex moment and we will take all the necessary measures to guarantee the tranquility of all Argentines."
  • "Everything that happens in the markets ends up having an impact on ordinary citizens."

  • "The measures taken last week do not compromise the scope of this year's budget targets."
  • "We will have
    budget surplus in August".
  • "The budget train and the money train must rowing together."
  • "We will respect the guidelines of the agreement with the
    MFIs".

The future government

  • "The economy has not grown steadily for eight years, and if we expand the range, 50"
  • "We will work to leave a sound economic platform to the next Argentine government"

IN ADDITION

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