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Alberto Fernández, after the agreement with the bondholders: "Now we have cleared the horizon to where we want to go"

2020-08-04T14:40:24.882Z


The President praised the Minister of Economy, Martín Guzmán, and stressed that entrepreneurs have a "better scenario to project their businesses."


08/04/2020 - 11:27

  • Clarín.com
  • Economy

After having reached an agreement for the debt swap with three large groups of creditors, President Alberto Fernández considered that, with the arrangement, the country has " cleared the horizon " where it wants to go.

"Very happy for the country. We resolved an impossible debt in the greatest economic crisis on record and in the midst of a pandemic. In these seven months we were told that we did not understand anything and that we were on the way to failure because we did not accept the offers of the It turns out that we finally closed an agreement that allows Argentina to save 33 billion dollars on the debt assumed in the next ten years. Now we have cleared the horizon to where we want to go, "said Fernández in statements published by journalist Iván Schargrodsky in his OffTheRecord newsletter .

The president praised the Minister of Economy, Martín Guzmán, whom he considered "central" in the achievement because "he gathered what were the objectives that we should achieve (accept obligations that could be met without making major social adjustments and without conditioning investment for growth ) and a correct strategy was given. "

" That is an enormous merit of his . We work very closely together all this time and we will continue to do so. Martín is a man of enormous technical and ethical value," said the head of state.

He also sent a message to businessmen: warning that "they have a better scenario today to project their businesses" and asked that "they commit to putting the country on its feet."

News in development.

JPE



Source: clarin

All business articles on 2020-08-04

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