President Alberto Fernández announced on Friday the creation of “a stabilization fund” to combat rising prices and summoned all sectors productive and popular economy to achieve agreements that allow “fight against inflation and protect the table of the Argentines”
Through a recorded speech from the Quinta de Olivos, the president stressed that lwar between Russia and Ukraine It caused an increase in the prices of raw materials, and “this clearly affects us and adds to the many problems that we already have and that we are all aware of.”
“It would be absurd to blame the war for our inflation. But hethe truth is that it is having a negative impact and causing bigger problems,” Fernandez said.
“Guaranteeing bread on the table of Argentines is fundamental and is at the center of the decisions we are making in the face of this emergency”President Albert Fernandez
The increase in the value of wheatwould increase the cost of bread productionof the noodles, of the flour that millions of Argentines and Argentines” consume, explained the president.
Given this rise, and that of other raw materials, the President announced that he has “made the decision to protect the Argentines of this unexpected phenomenon and hopefully transient”.
For this, he said, “I have decided to set up a stabilization fund with the aim of avoid transferring this increase in the international price to the that the Argentine men and women pay”.
Furthermore, he added, “I have instructed my ministers to take the necessary measures and they will be in charge of communicating them starting tomorrow”.
“Guaranteeing bread on the table of Argentines is fundamental and is at the center of the decisions we are making in the face of this emergency”he pointed.
The ministers “will be in charge of keep them informed daily on the measures that will be implemented from this very moment. We are in an extraordinary situation that requires extraordinary solutions”, he underlined.
Fernández advanced: “From this Monday I will convene the representatives of the productive sectors, businessmen, formal workers and the popular economy, representatives of the countryside and commerce, small and medium-sized enterprises and civil society to a table of agreement that allows us to design a tomorrow in the fight against inflation”.
“We hope to find agreements that help lower inflation already ensure increased purchasing power wages,” said the president, but also warned: “We are not going to stop controlling and inspecting prices, apply the law of supply if necessary and use all the instruments available to the State to meet the objective of controlling prices.
“The battle today is against the speculators, against the greedy, against those who seek, even in such complex situations, to obtain an extraordinary income”President Albert Fernandez
In that same sense, the president added that “the battle today is against the speculators, against the greedyagainst those who still seek in such complex situations get an extraordinary incomeagainst the usual doomsayerswho will try to install save yourself or look for quick culprits and simple answers”.
“I will not tire of repeating it: no one is saved alone. I will listen to your proposals and your concerns and I will convey to you the paths we are traveling”, he assured and pointed out that “It is time for each sector to think about its contribution to this crucial moment in the world and in Argentina”.
