Marcos Galperín, the co-founder of Mercado Libre, assured that many businessmen have left the country.
More than two years after he left Argentina to live in Uruguay, Mercado Libre co-founder Marcos Galperín explained the reasons why more and more national entrepreneurs are deciding to leave their country: “They’re tired of changing policies”assured.
This was in an interview with an English newspaper Financial Timesthat the former president of the company -which established himself as the most important buying and selling company in Latin America- defined the regulations that existed in the country and ensured that, in his opinion, it forced many entrepreneurs to continue their projects elsewhere.
“Argentina it is a very formal and highly controlled place. As president, it forces you to be physically based in the country. I still direct the daily operations from Uruguay, as executive director ”, detailed about his situation who also created the Mercado Pago virtual wallet.
And he added: “A lot of businessmen have left, and that’s for me the saddest part of what’s happening in Argentina. People are tired of changing policies.”criticized who left for Montevideo at the end of 2019 after Alberto Fernández won the presidential election.
For 16 of the last 20 years, Galperín has lived in the neighboring country: he only returned during Mauricio Macri’s tenure, between 2015 and 2019 in the hope that the national economic situation would take a different course. With the return of Peronism to the government, the businessman again settled on the other side of the river.
According to English media, along with the coronavirus pandemic, when Mercado Pago was fully installed in Argentine society, the virtual wallet became one of the “most profitable parts of its business.”
In the article, they showed how it has become a payment alternative for millions of people with cases of a street artist which replaced the traditional cap where he requested partnerships with a QR code to simply make the move.
In this sense, Galperín said: “We’re democratizing finance and trade in Latin America. I don’t expect this to happen that quickly.”.
Galperín, Guzmán and Macri at a secret meeting of businessmen
Starting Wednesday night, an exclusive, closed meeting of some of the country’s most powerful businessmen will be held at Llao Llao in Bariloche, with glowing unicorn owners like Marcos Galperín from Mercado Libre and Martín Migoya from Globant, to discuss the economic and political situation.
Mauricio Macri’s turn is Thursday. Javier Milei also spoke and this Friday it was done by the Minister of Economy, Martín Guzmán.
In his presentation, the official presented graphs and glimpsed a “new scenario” due to rising food and energy prices as a result of the war. He described it as “an opportunity to accelerate investments”, featured the closure of negotiations with the IMF and called for “strengthening Argentina’s brand” abroad, that is, providing more support to Alberto Fernández’s administration. .
From one of the chairs, they asked him: “We fixed the debt, that’s good, but we didn’t lower the risk to the country.” To which Guzmán replied that “although it has not collapsed, we are on that path” and acknowledged that “the situation is difficult.”
Owners of major companies were worried about inflation and suggested to the guest that “it should come down sharply within two years.” Guzmán did not back down. He told them that “you have to do it in a consistent program,” as he signed with the IMF in March.
There are, among others, Marcos Galperín, from Mercado Libre, Eduardo Elsztain, from IRSA and Cresud; Carlos Miguens (Miguens Bemberg Holdings), Juan Collado (Warmi), Nicolás Szekasy (Kaszek). Sebastián Serrano (Ripio) and Gustavo and Javier D’Alessandro (Finvest), Agustín Otero Monsegur (San Miguel), Federico Braun (Banco Galicia at La Anónima), Karina Román (Grupo Román), Luciano Nicora (VN Global BPO at Endeavor) , Roberto Murchison (Murchison), Sebastian and Juan Pablo Bagó (Laboratorios Bagó), Patricio Jutard (Mural), Verónica Andreani (Andreani), Pablo Saubidert (iPlan), Urbano Rattazzi and Andy Freire.
Source: Clarin
