The government closely follows the price of the blue dollar.
News in development
As Economy Minister Sergio Massa searches for dollars in the United States and advances in talks with the International Monetary Fund (IMF), the government closely follows the price of the blue dollar, which rose by 14 pesos on Wednesday and reached i $ 284.
Sergio Massa in the USA: “We are working to improve the corporate climate”
1,200 million dollars were exchanged for the “soybean dollar” in two days, but fewer dollars are expected at the end of the year
The Minister of Economy Sergio Massa. Photo: Juan Manuel Foglia.
The “soybean dollar” generated a boom in operations. The contracts for new sales contracts have already been closed and the operations organized by Tuesday for 2.13 million tons. Thus, with a value of US $ 587 (FOB) per ton, the volume traded in the first two days was close to $ 1,250 million, according to the calculation of Julio Calzado, director of economic studies at the Rosario Exchange. .
The result of rewarding exporters with a $ 200 dollar for one month exceeded expectations. The government expects to raise $ 1 billion this week. He did it and three wheels are still missing, including this Wednesday. The incentive has also calmed down financial dollars and will generate $ 200 trillion in funding, but economists have already begun to warn about the hidden costs of the measure on inflation, reserves and deficits.
The World Bank has announced that it will make an extra $ 900 million outlay
The World Bank announced Wednesday that it will shell out an additional $ 900 million this year for the social and infrastructure programs run by the Argentine government. The news was made known after the visit to the agency of the Minister of Economy Sergio Massa, who is looking for funds and investments in Washington.
This is on top of the $ 1,200 million that the Inter-American Development Bank (IDB) promised on Tuesday that it will pay out at the end of the year (which are freely available and will then be used not for projects but to shore up reserves) and another $ 1,933 million. for infrastructure programs. Read more here.
Source: Clarin
