The president of Argentina, Javier Milei, referred, in the National Chain, to the announcements made by Luis Caputo, and the head of the BCRA, Santiago Bausili. Through an recorded message, and accompanied by his entire cabinet, the President highlighted the new agreement reached with the International Monetary Fund (IMF) and ratified on the departure of the CEPO previously anticipated by the Minister of Economy.
“I am pleased to address with a news that we expected a long time ago. We eliminated the stocks of the Argentine economy forever. I said that I came to fix the economy without shortcuts or gradualisms. We needed fiscal, monetary and exchange order,” he said.
He added: “After a hard year, today we end the process of economic sanitation, having brought order to these three fundamental pillars. They had the courage to change the course and crossed turbulence this year.” “Today we can look back.
Milei also pointed to the opposition that questioned him for going the IMF again. “This time it is different. In the last 120 years we never had a fiscal, monetary and exchange order at the same time, this is the first time. That is why they do not come to say that they have already seen it. We resigned us so many times that the Argentines thought even about not getting excited again, so we break the wheel today and we begin to walk forward for the first time. Now we have a macroeconomy in order,” he said.
And he continued. “The fund announced an unpublished program because it is the first time that one that is not to finance the transition of a disorderly macroeconomy to an orderly, but to support an economic plan that has already paid its fruits. I want to thank Board and, especially, the president of the agency.”
“The agreement seeks to restore the asset of the BCRA and its assets so that inflation is only a bad memory of the past. The gross treasury debt will fall. We will go to a level of gross reserves such so that the monetary base can be rescued at a exchange rate of $ 650, while the wide base will be 911. Moreover, if we use the roof of the band presented by Luis Caput of 15,000 million dollars, “he said. Earlier, Caputo confirmed on Friday the beginning of a new stage of the economic program without exchange stock and with the dollar floating between $ 1,000 and $ 1,400.
