Mass: "They put the stocks on us for a debt to finance capital flight"

Mass: "They put the stocks on us for a debt to finance capital flight"

Massa on plan for exporting SMEs: “The strongest economies are the ones that export the most”

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The Minister of Economy, Sergio Massa, affirmed this Monday that “The strongest economies are the ones that export the most” and assured that “we are going to be sustainable as a Nation when we occupy every corner of the world with products produced here”, by presenting a line of Non-Reimbursable Contributions for $12,000 million for exporting SMEs.

Massa criticized the indebtedness that Argentina had during the management of Mauricio Macri / Photo: Ministry of Economy.

“Nothing is going to get us out of the dream that each SME becomes an export project to sell Argentine work to the world,” said Massa when leading an act in a factory in Tigre together with the Secretary of Industry and Productive Development, José Ignacio De Beg.

In this sense, the Minister of Economy maintained that “What is at stake is an economic development model: each SME that exports is dollars that make our economy stronger, and represents stronger companies, a stronger BCRA and a stronger currency and better paid workers.”

Photo Ministry of Economy
Photo: Ministry of Economy.

He then added that “a few hours ago I was listening to the comparison between countries with fiscal balance, with fiscal deficit and countries with positive and negative account in the export balance. What are the most resilient economies? Those that export more than they import”.

In another part of his speech, Massa considered that “Argentina, which for 4 years has been crossed by misfortune after misfortune” and mentioned the exchange “stocks” implemented by the administration of Mauricio Macri, the Covid-19 pandemic, the war between Russia and Ukraine, the drought that the agricultural sector is going through, bird flu and the recent fall of Silicon Valley Bank. “They put us in the stocks for indebtedness to finance capital flight,” Massa criticized the Macri government.

Despite the adverse context, the official said that “Nothing is going to get us out of the dream that each SME becomes an export project to sell Argentine work to the world”.

Photo Ministry of Economy
Photo: Ministry of Economy.

“I want to invite each SME, because we are willing to help them find a market and finance competitiveness with credit at a subsidized rate and from the Ministry of Economy with ANR,” he concluded.

“We are going to solve the problems by growing up”

For his part, De Mendiguren said that “we are going to solve the problems by growing and exporting. We continue betting on production”.

In this regard, he highlighted that “in January the industry grew again both year-on-year (6.3%) and month-on-month (0.7%) and a paradigmatic example is the automotive industry, which grew 30.5% in the first two months” .

Finally, De Mendiguren added that “the political decision to go with financial aid is here” and that is why “today we are putting $12,000 million in ANR of up to $60 million per company for exporting SMEs because we want that framework to be maintained.”



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