[Polítics] Alberto Fernández received international businessmen: "You can invest calmly"

[Inkriql]

 

President Alberto Fernández, accompanied by Foreign Minister Santiago Cafiero, received this noon at the presidential residence in Olivos the board of directors of YPO (Young Presidents' Organization), a non-profit organization that brings together business leaders from around the world, headed by its president, the Greek Anastasios Economou, who has been a member of that group since 2005 and is the founder of iGroup.

During the meeting, as reported from the Presidency of the Nation, the head of state assured them that "Argentina has endless opportunities for investment and development." And then he added: “We have the world's second largest lithium reserve, in addition to enormous potential in the exploitation of silicon. We have also received a million dollar investment in Patagonia to produce green hydrogen. In Vaca Muerta there are gas reserves for 50 years”.

Young Presidents' Organization is an international community founded in 1950 by industrialist Ray Hickok, which brings together more than 30,000 leaders and CEOs of companies from 142 countries around the world. The meeting took place this Monday after the Argentine president said in an interview on Public TV on Sunday that the agreement with the IMF made it possible to unlock the arrival of investments in the country. "We signed the agreement with the IMF and the investments were unleashed because we solved the problem, but we are not going to lift the currency control," he said in that report.
Brine pools used to extract lithium, in a mining camp in Salar del Rincón, in Salta, Argentina. It is one of the sectors in which Alberto Fernández invited the businessmen he saw in Olivos to invest (REUTERS)
Brine pools used to extract lithium, in a mining camp in Salar del Rincón, in Salta, Argentina. It is one of the sectors in which Alberto Fernández invited the businessmen he saw in Olivos to invest (REUTERS)

The business delegation, which last week had a similar meeting with the president of Ecuador, Guillermo Lasso, heard from Fernández the invitation to produce in Argentina. “Few countries in the world have our conditions to generate wind energy, and also the food, agricultural and meat production that we have. I see a great future, so you can invest calmly”, he told them.

The head of state also highlighted the importance of the recent agreement that Argentina reached to refinance part of the foreign debt because “it cleared up many doubts. We are making progress, we have already restructured with private creditors and refinanced the debt with the IMF. It was very difficult, we had to convince them to change the logic, because growth had to be guaranteed in order to pay. I do not recall any IMF agreement with these characteristics. The Fund was at fault for giving a loan that it knew could not be repaid, it did so only for an electoral reason.”

He recalled with harsh words the results of the previous management in the presidency, with Mauricio Macri at the head. “Argentina had a government administration from 2015 to 2019 that did not change any of the country's structural problems and left us indebted in an impossible way. Production fell, poverty increased, unemployment grew”, he stated. And he contrasted some economic data from 2021 to highlight his management: "We grew 10.3 points, we have a record of exports, the lowest unemployment rate in almost a decade."
Wind energy, another of the sectors of the Argentine economy where investments are needed. EFE/Guillaume Horcajuelo
Wind energy, another of the sectors of the Argentine economy where investments are needed. EFE/Guillaume Horcajuelo

On behalf of the businessmen, it was up to Economou to present, who stressed that YPO, whose board of directors will close its annual meeting in our country, "seeks to understand the opportunities and challenges of Argentina to develop a close collaboration and from the restructuring of the debt with the IMF, to be able to help”. Regarding the objectives, he explained that "we want to enter into agreements in the energy and food industrialization sectors."

YPO members, who become part of the organization after serving as president, president or CEO of companies valued at least 20 million dollars before the age of 45, meet monthly in groups and forums regional. And this year Buenos Aires will be the venue for that meeting.

On behalf of the YPO board of directors, Elizabeth Zucker, Debby Carreau, Ya Ping Chang, Cynthia Cleveland, Rafi Demirjian, Ángel García Cordero, Alan Hepburn, Elizabeth Hutt Pollard, Patrick Imbardelli, Craig Kiggen, among others, participated in the meeting in Olivos. Inwon-Park, Hasit Patel, Esmeril Rubagenga, and Thayer Smith.
In the afternoon, at 7:00 p.m., Fernández, who will concentrate his work agenda in Olivos, will hold a working meeting with the executive secretary of the Economic Commissionfor Latin America and the Caribbean (ECLAC), Alicia Bárcena, who last week participated in a seminar organized by the Secretary for Strategic Affairs, Gustavo Beliz, within the framework of the Economic and Social Council. Bárcena will meet beforehand at 3:00 p.m. with Foreign Minister Cafiero.

 

https://www.infobae.com/politica/2022/03/28/alberto-fernandez-recibio-a-empresarios-internacionales-pueden-invertir-tranquilos/