The Minister of Economy, Sergio Massa, highlighted that the Export Increase Program (PIE), known as the “soybean dollar”, made it possible to achieve “more than satisfactory results that excite and allow us to show results of a forcefulness that constitute a record in terms of liquidations and exports from the Argentine Republic”.
Massa led the presentation of the results of the promotion regime for agro-industrial exports and the strengthening program for small and medium-sized producers at the Palacio de Hacienda.
The Minister of Economy reported that foreign sales of US$ 8,123 million were registered and that to date foreign exchange income of US$ 7,646 million had been declared.
In addition, Massa explained that 44,622 producers and legal entities participated in the Program and that 13,725,198 tons of soybeans were marketed from September 5 to 30.
They launch a program for small producers that will increase planting in more than 300 thousand hectares
Massa announced a program for small and medium-sized producers of corn and soybeans with the aim of increasing planting by more than 300,000 hectares, when presenting the results of the Export Increase Program (PIE) at the Palacio de Hacienda, which established a type of exchange rate of $200 per dollar for soybean exports valid until this Friday.
“As of Monday, a program begins to work for those small producers who have sold more than 85% prior to the start of the export increase program, which will allow financing half of the seeds and fertilizers of corn and soybean producers. of less than 200 hectares,” the minister announced.
Massa: “We are going to announce measures so that the benefits of those who cheated fall”
The official anticipated that next week measures will be announced to increase exports and a new system to remove benefits from those who “cheated” with imports.
“Next week we are going to announce measures to increase the volume of exports, and a new system so that those who cheated and got judges to authorize imports see that benefit fall,” Massa said at the Palacio de Hacienda.
There will be measures for vulnerable sectors based on the results of the soybean dollar
Massa stressed that based on the results of the Export Increase Program (PIE), known as the “soybean dollar”, it will be possible to advance with measures aimed at vulnerable sectors of the population, the details of which will be known next week.
“We understand that it is very important that the producer feels that what he paid additionally and what the State put in excess in terms of implicit values returns to our agricultural communities but also returns to protect the most vulnerable sectors,” he said.
Massa affirmed that a devaluation would push millions of Argentines into poverty
The Minister of Economy, Sergio Massa, assured that advancing in a devaluation to solve the problems of the economy would represent pushing millions of Argentines into poverty, while maintaining that “there is no social peace without macroeconomic stability, but there is no macroeconomic stability without peace Social”.
“We have been doing work to reduce the gap, one of the problems of the Argentine economy; and, for those who believe that the problems are magically fixed by a devaluation, we understand that we must have responsibility because changing from one day to the next the exchange rate represents pushing 20 points of Argentines into poverty,” said Massa at the Palacio de Hacienda.
Fulfillment of fiscal goal and reserves for the third quarter
The Economy Minister claimed to be “more than optimistic” in relation to the fulfillment of the goals for the third quarter in the agreement with the International Monetary Fund (IMF) in fiscal matters and the accumulation of reserves.
“The reserve goal is more than met and it is a great satisfaction. Regarding the fiscal goals I also have a positive view, although we have to wait until Tuesday” for the official data on the matter, he said and added: “I am more than optimistic regarding that we fulfilled in reserves and fiscal matters the goals that Argentina had committed to at the international level”.
