Silvina Batakis’ measures need more political support, international banks say

The signs of a moderate and prudent policy announced on Monday by the new Minister of Economy, Silvina Batakis political support is lackingface execution risks Y they will not solve the problems structural aspects of the country, wrote international analysts after the official’s first press conference.

After taking office, Martín Guzmán’s successor reaffirmed Argentina’s commitment to the $ 44 billion program with the International Monetary Fund. also promised make public spending more efficient Y freeze hiring in the public sector.

This is what analysts wrote on Tuesday following their announcements:

Daniel Kerner of the Eurasia Group

• “The ads reflect the continuity of measures policies very much in line with the views of the President “

• “Although Vice President Cristina Fernández de Kirchner was decisive in the appointment of Batakis, it does not come from his environment or his ideologue ”.

• “IS these measures are unlikely to be effective until it is clear that Cristina and the people close to her agree with them “

• Kirchner’s opposition to the IMF program and differences in inflation strategy “mean that Batakis will find it difficult to comply with these measures and will face strong opposition“

• climb the utility prices will be the “litmus test” of Batakis to implement a policy that Kirchner opposes.

Debora Reyna, of Oxford Economics

• “Get out of trouble gradual adjustments until the next elections are no longer an option ”.

• “While Batakis reaffirmed its commitment to achieving the programme’s spending targets, he was vague about the details“

• “Let’s hope they prevail stricter import controls

Lucila Barbeito and Diego Pereira by JP Morgan Chase

• The measures “seem aligned with the achievement of both fiscal and monetary objectives, although the implementation risks appear as the main challenge”

NEITHER