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Martín Guzmán: 'Getting vaccines against the coronavirus is the best economic policy'

2021-04-28T23:47:59.350Z


The minister reversed the burden of debt restructuring with the IMF: "It must be designed by us." 04/26/2021 11:55 PM Clarín.com Politics Updated 04/27/2021 12:01 AM Economy Minister Martín Guzmán said that "the best economic policy", given the second wave of coronavirus "is to get vaccines" and revealed unique details of the negotiation that faces the debt with the International Monetary Fund (IMF) "Right now, the best economic policy for us is to get vaccines ," the official said in an in


04/26/2021 11:55 PM

  • Clarín.com

  • Politics

Updated 04/27/2021 12:01 AM

Economy Minister Martín Guzmán said that "the best economic policy", given the second wave of coronavirus "is to get vaccines" and revealed

unique details

of the negotiation that faces the debt with the International Monetary Fund (IMF)

"Right now,

the best economic policy

for us

is to get vaccines

," the official said in an interview with the

Russia Today

channel

.

As he analyzed, this is because "it will allow us to have different levels of immunity in our population, for the level of uncertainty to go down and the

economy to be more robust

."

The minister pointed out two important facts in this regard.

First of all, the purchase of the

Sputnik V

vaccines

, which "was very important and very well received."

"There were

certain noises at the beginning

that were then totally dissipated," he added.

On the other hand, he highlighted the novelty that the production of doses will begin on Argentine soil.

"It is important, both for public health and for the economy, but for

the productive capacity

it generates for the country, to be able to increase our exports," he added in that sense.


Restructuring with the IMF, backwards


The minister surprised with an

inverse position to the logic

when negotiating with the IMF: he said that he hopes that the international organization

supports the government's proposal

.

The Minister of Economy, Martín Guzmán and the head of the IMF, Kristalina Georgieva, in Washington.

"The only way it works is for the program to

be completely designed by us

and

based on our vision

of what is going to do Argentina well, to put itself on the path of sustainable growth, with a stability that last in time ", assured Guzmán.

In addition, he explained that the Argentine proposal is based on "precepts on macroeconomic policy that are very different from what the previous program was and

different from what

the IMF programs

have usually been

."

"We are proposing that macroeconomic policy should be oriented to prop up the recovery that Argentina is already experiencing and not go by the motto that it is time to make a

fiscal contraction

that generates confidence in the markets and that generates more investment.

That never works

", sentenced.

"The State, coming out of a recession, must play

a countercyclical role

, prop up the recovery and, at the same time, put all the accounts in order," he continued.

Then he said that they are going to send the program to the National Congress.

"We want macroeconomic stabilization to be much more than government policy,

we want it to be state policy,

" said the minister.

And the Paris Club, too


Regarding the other open debt front, Guzmán assured that they are "around 2,400 million dollars."

"It is a process that

goes hand

in

hand

with the IMF negotiation, because many of the actors or member countries are the same ones who are the main shareholders of the IMF," he explained.

He said that they have been working constructively and what is being sought is "to avoid a shock and

reschedule those maturities

."

Martín Guzmán, on tour and negotiation.

Guzmán clarified that in this way Argentina will not arrive until May 31 (when the agreement expires) to "face a situation either of having to face 2.4 billion dollars or

an event that generates greater uncertainty

in the economy."

DS

Look also

The question that is heard in the market: in what Guzmán will spend the dollars of the field

The Government admits that there will be more restrictions, but rules out for now going back to phase 1

Source: clarin

All news articles on 2021-04-28

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