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The 4 videos that Sergio Massa presented on Vaca Muerta, mining, the Knowledge Economy and drought before meeting with Biden

2023-04-03T15:13:53.985Z


The objective of these materials was for the government to win US support before the IMF. Prior to the meeting between President Alberto Fernández and his counterpart Joe Biden , Economy Minister Sergio Massa presented to the United States government a series of four videos on Argentina, with which he tried to put on the table both the deterioration that causes drought, such as the country's potential in terms of mining, the Knowledge Economy and Vaca Muerta. The main objective was to


Prior to the

meeting between President Alberto Fernández and his counterpart Joe Biden

, Economy Minister Sergio Massa presented to the United States government

a series of four videos

on Argentina, with which he tried to put on the table both the deterioration that causes drought, such as the country's potential in terms of mining, the Knowledge Economy and Vaca Muerta.

The main objective was to gain support against the IMF.

Then, one by one all the videos:


The consequences of the drought

The hardest video was undoubtedly the one that talks about the drought and the economic consequences that it entails for the country.

"Argentina is facing today the most serious drought in its history"

, begins the fourth and last of the videos that Massa sent to key White House officials. The highly visually charged video explains that because of this phenomenon "There are 173 million hectares affected and about 11.5 million hectares dedicated to agricultural production, more than 24 million head of cattle and approximately 726,000 homes throughout the country are at risk."

The report also indicates that this situation fully impacts the 5 sectors of the country.

For example, the audiovisual material explains that

wheat production fell by 43%

,

soybean by 25.2%

and

corn by 21.4%

.

"As a consequence, it is estimated that the exportable balance will be reduced

by 28 million hectares, equivalent to some US$20 million

," he details.


mining growth

"In Argentina we are on the way to developing environmentally sustainable, socially inclusive,

economically integrated, globally competitive mining," the video on the Argentine mining sector warns at the start.

With 119 projects underway and significant investments, mining is a strong bet at the local level.

And it also highlights the boom in mining activity in general that resulted in the generation of thousands of jobs.

The video also points out that Argentina is part of the lithium triangle along with Bolivia and Chile and that it constitutes a key area for the future of renewable energies.

Knowledge economy, the great potential

The video talks about the great potential of the Knowledge Economy and the material warns that it is "a strategic sector for the development of Argentina." 

“Today it is the third most important export sector in the country.

In 2022 he sold the world for US$7 billion and for this year US$9 billion is expected, ″he explains.


Vaca Muerta, a great opportunity

The audiovisual material from Vaca Muerta highlights that it is a deposit that "with an extension of 30,000 square kilometers, has the second most important reserve in the world in unconventional gas resources and the fourth in unconventional oil."

It is the land where the main oil companies of Argentina and the world operate,

with estimated investments for this year of US$ 8,000 million.

"Between 2012 and 2022, investments of US$ 40,000 million have been made

," the video highlights.

"Vaca Muerta also represents a genuine source of foreign exchange income,"

he highlights.

And he adds that "in 2022, it generated exports for US $ 2.3 billion that could double throughout this year."


NS

look also

Alberto Fernández's unusual comment on his meeting with Joe Biden: "We laughed at Donald Trump"

Source: clarin

All business articles on 2023-04-03

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