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Argentina and the continuing crisis

2022-06-10T10:36:24.314Z


Political confrontation within the Government delays urgent solutions to energy problems Criticism of Cristina Fernández de Kirchner is expensive in Argentina. The president, Alberto Fernández, got rid of Matías Kulfas over the weekend, who from the Ministry of Productive Development had questioned the vice president. It is not the first time that Alberto Fernández's entourage, or even Fernández himself, have charged against Kirchner. The novelty is the speed with which the president


Criticism of Cristina Fernández de Kirchner is expensive in Argentina.

The president, Alberto Fernández, got rid of Matías Kulfas over the weekend, who from the Ministry of Productive Development had questioned the vice president.

It is not the first time that Alberto Fernández's entourage, or even Fernández himself, have charged against Kirchner.

The novelty is the speed with which the president decided to exclude a loyal man and member from the Cabinet from the first hour of his closest environment.

Kulfas' departure came just hours after he criticized the official energy policy, in the hands of officials who answer to Kirchner.

Argentina is going through a serious gas shortage that forces it every winter to allocate billions of dollars to pay for imports.

The war in Ukraine has triggered the bill that the South American country pays for its purchases abroad, putting at risk the reduction of the fiscal deficit and the accumulation of reserves, two commitments that Argentina assumed before the International Monetary Fund (IMF) to refinance its debt.

To the economic problems derived from the energy crisis, Argentina adds, once again, the political disaster, although on Wednesday it received the approval of the IMF on the level of fulfillment of its commitments to refinance the debt of 44,000 million dollars.

Argentina has the solution to its energy problems within reach.

The Vaca Muerta field, in the south of the country, has the second largest reserves of unconventional gas in the world and the fourth largest of crude oil.

But the country lacks the necessary infrastructure to take advantage of them.

Until now, official policy has focused on promoting investments in production, attentive to the great potential of the Patagonian deposit.

With a development of only 10% of its possibilities, Vaca Muerta produces 45 million cubic meters of gas per day, the same as Bolivia, the great gas power of South America and today a supplier of Argentina.

The existing gas pipelines are collapsed due to excess production and gas is scarce in the big cities.

The construction of a new gas pipeline must be a matter of State,

regardless of the government that carries it out.

But it has become the source of internal disputes between the political forces that make up the Peronist coalition that has governed Argentina since 2019. Kulfas said goodbye to the position with a 14-page incendiary letter released to the media in which he questioned the transparency of the tenders, carried out by its Administration.

From Kirchnerism they accused him of not understanding the energy system.

The crosses between the men of Alberto Fernández and his vice president do nothing but distract attention from underlying problems and delay the solutions that Argentines urgently demand.

Kulfas said goodbye to the position with a 14-page incendiary letter released to the media in which he questioned the transparency of the tenders, carried out by his Administration.

From Kirchnerism they accused him of not understanding the energy system.

The exchanges between Alberto Fernández's men and his vice president do nothing more than distract attention from underlying problems and delay the solutions that Argentines urgently demand.

Kulfas said goodbye to the position with a 14-page incendiary letter released to the media in which he questioned the transparency of the tenders, carried out by his Administration.

From Kirchnerism they accused him of not understanding the energy system.

The exchanges between Alberto Fernández's men and his vice president do nothing more than distract attention from underlying problems and delay the solutions that Argentines urgently demand.

Source: elparis

All news articles on 2022-06-10

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