Scioli hires and the government prepares new measures to avoid losing dollars

“This house is Peronist and from UPCN, welcome colleague Daniel Scioli. “With this message on a flag displayed at the entrance of the Ministry of Productive Development, the former Argentine ambassador to Brazil will be received on Wednesday after taking over the leadership of the portfolio, replacing Matías Kulfas La official ceremony will be held at the Bicentennial Museum at 17:00. next to the presidentthe government, trade unionists and businessmen.

Scioli wants to boost employment, relieve SMEs and save dollars in a context characterized by exchange rate pressures, inflation and poverty. On Tuesday evening, you met with the Minister of Economy, Martín Guzmán, and the head of the Central Bank, Miguel Pesce, at the Palacio de Hacienda, where analyzed the situation of the reserves. In May, imports totaled $ 7.8 billion, the highest value since 2011, according to official data.

In the next few hours, the BCRA will formalize a regulation with which the terminals will lend dollars to suppliers to import auto parts, without depending on the Central. The directory will define it this Thursday.

The changes agreed in May, however, would not be sufficient to avoid a slowdown in activity. Due to the restrictions of the last two months, producers warn that they are “eating” the quota to import inputs.

Despite record exports, Pesce continues to have difficulty accumulating foreign currency. It sold $ 60 million on Tuesday, and energy imports hovered around $ 150 million. Tourism abroad, corporate trade debt and debt payments also weigh.

This dynamic led Guzmán to negotiate with the IMF a relaxation of the lens of reserves in the second quarter, in exchange for its reversal in the rest of the year.

In that picture, the new minister will try to encourage exports trying to save foreign currency and keep the trade surplus, which this year it has been reduced by 30%in line with Cristina Kirchner’s statement against Techint and the government.

To this end, it will keep the key officials of the Kulfas management and the Secretariat of Industry in their posts, Ariel Schale, a former technician from the Protejer textile foundation.

That resort, along with the Central Bank, Economy and AFIP, manages the imports through a tangle of controls, including licenses and permits. “Daniel’s strength is his experience in Brazil in foreign trade. You shouldn’t import without exporting, There must be a balance, it would be ideal, there should be no disparity between income and expenditure, otherwise the country gets into debt, “said a dear friend.

Landing throws expectations in business. In Brasilia Scioli started a roundup of meetings with multinationals, from which he received investment announcements and job promises.

There were photos with Dow, Electrolux, General Motors, Havaianas, Whirpool and the Brazilian car manufacturers (Anfavea). And in his farewell, the president of Brazil, Jair Bolsonaro, dispensed compliments. A bond that Alberto and Cristina have never achieved with their main business partner.

“The idea is to articulate with the technical teams, Scioli looks good“, they stressed to the UIA, where the talks have already begun. The official will put the emphasis on SMEs, without neglecting the production plant, with which he maintains a good relationship.

“It will do the opposite of setting restrictions. It is very good for the sector to be in this position, the car manufacturers have worked very well since they took over the embassy in Brazil, “they assured in a terminal.

former governor it won’t be a four of cups in the cupboard. On the contrary, in their circle they evaluate a menu of initiatives aimed at SMEs concerning the Ministry of Labor, AFIP and ANSES.

It is the case of a proposal to regularize employment and convert plans into work authentic without losing state aid. The incentive could be the cancellation of the social security debt towards companies that keep their staff regularized. Will have to see.

Scioli sees SMEs as the main driver of employment (75% in the formal sector and even more among the unregistered). According to his collaborators, in his 8 years of management in the Province, he quadrupled the industrial poles and tightened ties with the sector. He will try to take advantage of that experience, added to his networking him in Brasilia. A screening with presidential pretensions which overlaps with Sergio Massa’s aspirations and profile.

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