Martin GuzmanMinister of Economy, referred yesterday to the agreement to pay the debt in pesos that Argentina has with the International Monetary Fund (IMF) and affirmed that, contrary to certain opinions, it is sustainable.
The words of Martin Guzman took place during an interview with the media outlet La Capital, from the city of Rosario. There, the official stated that “Whoever says that in Argentina the public debt denominated in pesos is unsustainable has no idea what he is talking about and would not pass a basic exam in college”.
The blunt statements of Martin Guzman they did not stop there and spread: “We have made an absolute commitment to strengthening the public debt market in pesos, which we rebuilt so that in Argentina there is first more financing capacity of the public sector and a healthier one.”
So, what the economist meant is that these actions that were announced are “coordinated between Economy and the Central Bank, so that Argentina has a path of faster accumulation of reserves.” Therefore, he asserted that fiscal and monetary policy play “an auxiliary role” to achieve this.
“There are great titles”
In addition, he spoke of the work of the media, which he accused of exaggerating what is happening too much: “In Argentina, many times there are great titles.” He continued by assuring that “East it is a process that it implies a change structural because it will allow us to concentrate the use of State resources on what Argentina needs most, such as public investment”.
the minister He argued that it is necessary not only to recover employment, but also purchasing power. In this framework, he referred to energy development, which would be “transformational” for the country, and mentioned Vaca Muerta and agribusiness and industry. However, he did not ignore inflation, which he pointed out as “the main problem in the world today.”