Entrepreneurs and union entities from different sectors of the economy supported the agreement reached by the Government with the International Monetary Fund (IMF) and in general terms highlighted the framework of “predictability” generated by the understanding.
The president of the Association of Banks of Argentina (ABA), Claudio Cesario, said that “having reached an understanding on the key points of the future agreement with the IMF and paying the due date this Friday is an important and fundamental step forward to help recompose the deterioration of the macroeconomy.”
Cesario said that “for the growth of the level of activity, it is also essential to establish a solid and long-term economic plan.”
The Argentine Chamber of Commerce and Services (CAC) he stressed that “he celebrates the principle of the agreement reached, and advocates that, in the coming weeks, based on a comprehensive diagnosis of the Argentine situation and through the good predisposition of the parties involved, the details of the understanding are adequately defined.”
Likewise, he added that “if we aspire to achieve economic and social progress, the CAC expresses its full vocation to collaborate with the authorities in said task.
The Association of Automotive Factories (Adefa) He stated that the agreement “provides the necessary predictability to continue working on the process of productive growth.”
Adefa supported “the steps that allow compliance with the commitments assumed by creating the appropriate conditions to promote the socioeconomic development of the country through investment, international integration and the generation of employment, thus promoting the progress of Argentina.”
The Argentine Business Association (AEA) and the Group of 6 (G-6) -which brings together the main business chambers of the country- expressed that this agreement means a very important and essential step for the economic and social development of the country”.
“Compliance with commitments and access to national and international financing represent decisive factors for the private sector to unleash its full potential in terms of economic growth, job creation and foreign exchange generation for development,” AEA concluded.
The G6, for its part, expressed its “support for efforts to promote Argentina’s progress and compliance with the commitments assumed, as a tool to achieve the socioeconomic development of the country and an intelligent international insertion.”
Another bank, the Association of Private Banks of National Capital of Argentina (Adeba), stated that the agreement “clears up the uncertainty about the country’s ability to meet its commitments, since it is a necessary condition for the private sector to have better access to internal and external financing.”
“This understanding must be framed in a context where the actions of the public and private sectors are aimed at increasing the competitiveness and inclusive growth of our economy,” Adeba said.
In a similar vein, the cereal bag he maintained that “a policy of macroeconomic stability must be accompanied by an economic development program through stimuli and incentives that promote productive investment that allow our country to overcome the deep crisis it is going through.”
“As we stated at the beginning of the negotiations, we believe that the agreement with the IMF must be validated by all the political forces in the National Congress and by the provincial governments to achieve long-term and federal economic and fiscal sustainability,” he said. the stock market entity.
From the SME sector, the Argentine Confederation of Medium Enterprises (CAME) considered “positive” the principle of agreement with the IMF and remarked that it constitutes “an opportunity for the growth of the productive sector of the country”.
The president of the entity, Alfredo González, maintained that “Argentina needed to reach an agreement, to achieve a horizon of certainty within the framework of a deep economic crisis that the country is going through.”
The Argentine Chamber of Electronic, Electromechanical and Lighting Industries (Cadieel), pointed out that “this agreement clears the planning horizon for production and economic recovery, which companies in our country need so much, since Argentina has the challenge of demonstrating the great potential of our industry.”
the president of General Economic Confederation (Cgera), Marcelo Fernández, emphasized that “the agreement with the IMF does not provide for an adjustment that would affect economic activity and especially in the middle sectors that promote the consumption of SME products.”
Fernández pointed out that “it was important for the government to solve this problem inherited from the previous administration in order to focus on continuing to implement the policies that industry and commerce need to shore up their recovery.”
The president of the Association of Metallurgical Industrialists (Adimra), Orlando Castellani, stressed the importance of “the axes that were prioritized in this negotiation, based on the need to target the growth of the national economy, avoiding adverse effects on production and in a framework of greater certainty to be able to face our obligations with international credit organization.
“We understand that coming to a successful conclusion in this negotiation will contribute to stabilizing the macroeconomy and will have a positive impact on the generation of new investments that will generate more and better employment in society,” he added.
The Pro Weaving Foundation He stressed that “this agreement has been carried out far from the limitations that have historically led us to a strong economic adjustment, which falls on the whole of society, and which have compromised our productive development.”
“We believe that reaching an agreement with the IMF is a responsible and necessary decision to continue the process of macroeconomic stabilization and continue along the path of industrial growth that has been started,” the foundation stressed.
Lastly, the Argentine Chamber of Mining Entrepreneurs (CAEM) welcomed the fact that Argentina and the IMF reached an agreement in principle on Friday, because the understanding generates “a climate of greater certainty and confidence, essential for attracting long-term productive investments that the country both needs to”.
