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The Government asked businessmen to 'coordinate expectations' to lower inflation

2021-02-11T18:19:21.204Z


Cafiero and Guzmán received executives from the main firms. They spoke of a "political and social agreement" and the economy minister promised "sensible premises".


Ignacio Ortelli

02/11/2021 2:20 PM

  • Clarín.com

  • Politics

Updated 02/11/2021 2:44 PM

As in the meeting with the unions and the Liaison Board, the Government received the businessmen

at Casa Rosada

with a conciliatory message, without darts or reproaches, but with a concrete proposal: to

weave "a political and social agreement"

and " coordinate expectations to reduce inflation ", with the objective of

harmonizing prices and income

that accompanies a recovery in the economy.

Without the CEO of Techint Paolo Rocca (attended by the executive president of Ternium Martín Berardi), Luis Pagani (Arcor) and Luis Pérez Companc (Molinos Río de la Plata), but with thirty executives from the most important firms in the country to the that

in the previous guilds were responsible for inflation targeting

, the chief of staff, James Cafiero, opened the meeting with a conciliatory message, with similarities to the one

who had to trade unionists.

He raised the Government's intention to "invigorate the internal market" and called on businessmen to join in

the construction of "a frank dialogue"

that would allow "establishing a political and social agreement between all sectors." 

Cafiero stressed that

"economic activity is recovering

.

"

"Taking into account the pandemic and the current situation, what we want is to establish a political and social agreement between the different sectors of society," he said.

"

There is no society that is made only from the State

, but neither one that is made only from the market," he launched, with the aim of marking a contrast with sectors that demand more forcefulness against businessmen, but at the same time warning of that the President will be inflexible.

Along these lines, he stated that "the entire Argentine export enclave must be made more vigorous."

But at the same time, he insisted on the importance of an agreement that follows this path: "

If all the efforts of companies and workers go down the inflation gutter, it will not help us at all,

" he reasoned. which was the political complement for the presentation of the Minister of Economy, Martín Guzmán. 

The Minister of Economy, Martín Guzmán;

together with his partner Matías Kulfas (Productive Development) and the Chief of Cabinet, Santiago Cafiero.

Far from pointing out the businessmen, the minister said that "the central pillar of macroeconomic policy is the Budget" and renewed the Government's commitment to "meet" the primary deficit of 4.5 of the product that was set by law, but considered that "

the coordination of expectations is very necessary to reduce inflation

."

According to sources at the meeting, Guzmán reaffirmed that the government aims to strengthen reserves and guarantee exchange rate stability that helps to reconcile "a policy of prices and income." 

"We have to build expectations for an economy that is recovering," he said, while reviewing a Powerpoint. 

"This dialogue is a collective task to advance in a coordinated direction,

with sensible premises and avoiding bombastic promises

," he completed, in what seemed an allusion to the previous administration.

The consistency of the macroeconomic plan was one of the businessmen's requests.

"There was a lot of rationality. Between yesterday and today it seems like another Argentina," highlighted a government source present at the Bicentennial Museum.

Already in the Patio de las Palmeras, consulted about what the officials asked the CEOS, the Minister of Productive Development, Matías Kulfas, said: "We have asked them for coordination mechanisms. We will be convening them in different branches of production to structure the costs of each chain, to be able to understand more clearly where the bottlenecks are that are pushing upward. "

Kulfas, that the climate "was one of a lot of dialogue and constructive" and minimized the absences ("All the companies were present or they sent top-level executives") of some presidents and assured that the shared idea "is to work on the structures and generate commitments crossed "to control inflation. 

34 business firms were represented at the meeting at the Museo del Bicenentario.

Thus, without friction, as Kulfas conceded,

there was a moment of relaxation when the businessmen gave Guzmán an applause

, once he finished with his presentation.

Something that had not even happened this Wednesday with the unions, the majority of which are in the Front of All.

The good harmony resulted in the agreement that the next meeting, still without a date to be defined, will be between the three parties: Government, unions and businessmen. 

Source: clarin

All news articles on 2021-02-11

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