Expectation for the price of the blue dollar.
News in development
The day after Sergio Massa returned to the countryside after his visit to the United States in search of dollars to increase the reserves of the Central Bank and according to the agreements with the International Monetary Fund (IMF), the government continues to wait for the price of the blue dollar, which on Tuesday closed at 273 dollars.
Martín Guzmán reappeared and celebrated the 1,000 days of government of Alberto Fernández
Martín Guzmán said Argentina has taken “very important steps” for economic recovery.
Former Economy Minister Martín Guzmán also made public statements this Tuesday on the occasion of the 1,000 days of government of Alberto Fernández. The former official felt that, despite a series of adversities, “Argentina has taken very important steps”.
The economist turned to her Twitter account, which has had little activity since Saturday, July 2, when she unexpectedly posted her resignation letter there, while Cristina Kirchner gave a speech reiterating criticism of Guzmán’s economic policy. Read more here.
A group of companies is asking to extend money laundering in order to import
Overwhelmed by the lack of input and the slowdown in activities, the leadership of the General Confederation of Enterprises of the Argentine Republic (CGERA), which represents industrial SMEs, held a meeting this afternoon with the Secretary of Commerce Matías Tombolini to discuss an issue of exclusion : the import trap. On this aspect, the directors have expressly proposed to allow them to use dollars without declaring the entry into the country of goods from abroad, an advantage that for now only the construction sector has.
“This is an outsourcing of foreign activities for the industry in the face of a shortage of foreign exchange and the difficulties of SMEs in obtaining import permits,” says a statement from one body, which brings together more than 90 chambers from various sectors. , such as such as clothing, leather goods, electronics, metallurgical, toys, auto parts and footwear. The specific proposal is to extend the field of application of Law 27.613, which would allow money laundering for “the payment of imports of basic necessities, capital goods and those products necessary to replace foreign purchases”. Read more here.
The government expects $ 3,900 million from the IMF and will have to pay $ 5,200 million in two months
The US tour gave new life to Sergio Massa and his economic team. They believe that the meeting with the front page of the Treasury and the head of the IMF has produced a positive balance, although negotiations are still open. In fact, a few hours after landing in Buenos Aires, his team resumed talks with staff on Tuesday to approve the second overhaul and get the $ 3.9 billion outlay.
The most optimistic of the delegation that went to Washington hope that a signal from the Fund will arrive on Friday. But the procedure for receiving the disbursement implies the completion of a series of previous steps, starting first with the agreement between technicians and Economics (relationship staff) with the evaluation of the administrators and their recommendations. Read more here.
Source: Clarin
