The business entities that are part of the group of 6 (G6) expressed on Friday their “satisfaction with the consensus” that allowed the sanction in the Chamber of Deputies of the bill that authorizes the Executive Branch to formalize credit operations with the International Monetary Fund (IMF).
“Refinance debt to the IMF is an important step in pursuit of access to national and international credit to promote private investment, generate registered employment, federally develop all the country’s regions and enhance Argentina’s assets,” the G6 said in a brief statement released this afternoon.
The largest business groups in the country had already rejected on Tuesday the option that Argentina falls into a default with the IMF that would lead to higher levels of poverty, inflation and stagnationand raised in Congress their support for the approval of the Memorandum of Understanding with the multilateral organization.
They did so in the meeting held at the meeting of the Budget and Treasury Committee of the Chamber of Deputies, as part of the debate on the agreement reached by the national government with the IMF to restructure the debt for US$ 44,500 million taken with this multilateral organization by the government of Mauricio Macri.
In the block dedicated to the business sector, the presidents of the entities that make up the G6 were presented: Carlos Weiss of the Argentine Chamber of Construction; Nicholas Pino, of the Argentine Rural Society; Natalio Grinman, of the Argentine Chamber of Commerce; Javier Bolsico of the Association of Argentine Banks; Adelmo Gabbi, of the Buenos Aires Stock Exchangeand Daniel Funes from Rioja, from the Argentine Industrial Union.
These are the entities that bring together the largest companies in the country and that have had in the last two years, mostly, positions critical of the current administration of the governmentin particular to the economic policy measures, but on this occasion they supported as a block the agreement to refinance the debt contracted by the management of Mauricio Macri in 2018.
Thus, with its nuances, claims and proposals, the members of the business forum expressed that the rejection by the National Congress of the agreement with the IMF proposed by the national government would lead to a default that would aggravate the social conditions of the country, increasing the high level of poverty, inflation and stagnation.
On Friday, after the half sanction of Deputies, the business entities reiterated their “support” and “satisfaction for the consensus” that allowed the project to advance and that It is now up for Senate review.to try his sanction next week.
