In what is an emergency situation and time is running out for a possible candidacy, Sergio Massa and his team have defined three key measures that They recall many of those made by Domingo Cavallo in the 90s.
A sharp hike in the interest rate that will lead to a fixed term at 97% and which in effective terms not only equals inflation but also implies an improvement; A opening of imports in protected sectors such as textiles, household appliances, but also at free price such as fruit and vegetables and also a greater coordination and control under the auspices of a new unit that exchanges information every 48 hours for price tracking.
Of course, the basic bet for any outcome is that the IMF anticipate disbursements. And the question is how the staff of the Fund will digest this package. Mass He also travels to China on May 29 with the idea of sensitizing Beijing and the partners that make up the BRICS for a bridging loan or guaranteesa Brazilian banks that can finance Argentine purchases.
In the extensive meetings this Saturday, Guillermo Michel, head of customs, affirmed this in various sectors import dollars are reached and sold at the price of blue. So they decided to check car dealerships, appliance factories, the textile and plastic supply chain. They open imports from China, now that you can pay with yuan as an attempt lower prices due to competition with imports. A classic.
A separate chapter is the Central Market. Fruits and vegetables increased by 20% in the city of Buenos Aires last month. They focus on three or four importers who bring in off-season produce as well as bananas and avocados which are almost always imported. Market will go mail to social security agents and AFIP given the high degree of suspicion of black ops. They will incentivize street vendors with a 90-day canonical grace, as long as they don’t continue to climb those values.
According to some analysts they are simple measures that come late.
Source: Clarin
