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Massa’s tour to reinforce the reserves of the Central Bank
Massa will travel in the second half of the month to the United States, France and Qatar in search of funds and credits to reinforce the reserves of the Central Bank. This mission will include meetings with the head of the Monetary Fund, Kristalina Georgieva, with representatives of the Treasury, the Paris Club and the Qatar Sovereign Fund.
In addition, as a sign of harmony, Massa will board the plane with the former Minister of Economy, Silvina Bartakis, who is already exercising the role of president of Banco Nación.
The Government made official the unification of the Ministries of Economy, Productive Development and Agriculture, Livestock and Fisheries
Minutes before Sergio Massa swears in his new position as minister, The national government made official through the Decree 451/2022 the unification of the Ministries of Economy, Productive Development and Agriculture, Livestock and Fisheries.
“For operational reasons of government it is necessary to unify the powers assigned to the Ministry of Economy, the Ministry of Productive Development and the Ministry of Agriculture, Livestock and Fisheries in order to implement new objectives and government policies“, says the text published in the Official Gazette.
The Decree, which modifies the Law of Ministries 22,520, establishes that the portfolios headed by Daniel Scioli and Silvina Batakis go to Economy together with “the dependent units and organizations, the Companies and Entities of the National Public Sector acting in their orbit, the budget credits , goods, personnel with their current positions and allocations to date. The personnel will maintain their current review situation”.
“The Ministry of Economy is successor to all its effects of the Ministry of Productive Development and the Ministry of Agriculture, Livestock and Fisheries, and should be considered modified by such denomination each time reference is made to the ministerial portfolios cited in the second term,” adds the Decree.
The axis of the measures that Massa will announce
Although the government keeps the secret under lock and key, as Pagina/12 learned, there will be issues focused on the dollar, the growth of reserves and the progress of prices. In the Massa environment they point to Argentina being “a dollar factory” and that would be done with plans to promote exports of different sectors of the economy.
A few days ago Massa shared a message on Twitter in which he announced that today he will communicate “the work plan, objectives and axes to be addressed, as well as the mechanics of the first 10 days that will give us a path to follow and the challenges to deal with as a country.
Massa believes that the official exchange rate must be “corrected”. He analyzes alternatives that range from sliding it by 15% to an exchange rate split, although a more moderate proposal, such as extending the benefits of the soybean dollar to all export sectors, generates greater consensus.
Guillermo Moreno’s prediction about the future of Massa
Former Secretary of Internal Trade Guillermo Moreno remarked that “if Sergio Massa is successful, he will be the candidate for president next year and head of Peronism, which is much more.”
“He is between bronze and devout, we would say,” Moreno summed up the challenge that was presented to the president of the Chamber of Deputies until yesterday. But you have to have training and have managed something in your life, like a business in the private sector. Massa is a lawyer who has just received his degree, well, he is audacious. I wish you the best of luck, ”he completed.
Castagneto’s management in the AFIP
The appointed head of the Federal Administration of Public Revenues (AFIP), Carlos Castagneto, stated that in his administration he will look for a “friendly” organization that can make it easier for the taxpayer to pay their taxes.
“It is not easy to unify taxes, nor is it something from one day to the next, but it is necessary to review the tax part because one has national, provincial, and municipal taxes. Each jurisdiction has its right, but actions must be coordinated so that a tax bill does not arrive every day,” said Castagneto.
The replacement for Mercedes Marcó del Pont explained that he intends to make “a friendly AFIP, make it easier for the taxpayer to pay their taxes or contributions and contributions, or in the case of Customs, import duties.” He also considered “indispensable the articulation of these organisms with the Ministry of Economy and with the Central Bank.”
The cabinet of Sergio Massa
In recent days, Massa confirmed a good part of his collaborators. José Ignacio de Mendiguren will be in charge of the Production area; Juan José Bahillo will be the secretary of Agriculture, Livestock and Fisheries; Matías Tombolini will command the Secretary of Commerce; and Daniel Marx will integrate the committee for the development of the capital market and follow-up of the public debt.
Marco Lavagna will continue to lead the National Institute of Statistics and Censuses (Indec); Jorge Solmi will continue in the new scheme of the Ministry of Agriculture in charge of the Federative Coordination Unit; and Gabriel Delgado was appointed to the Unit for the Opening of New Protein Markets.
The Secretariat for Development Planning and Federal Competitiveness will be headed by Jorge Neme. Meanwhile, Raúl Rigo will be Secretary of the Treasury and Eduardo Setti, Secretary of Finance.
The new minister’s team is completed with Sandra Mayol in the Undersecretary for Institutional Affairs; and Sabrina Vettel and Katia Blanc in strategic areas of the portfolio.
Arroyo highlighted the conditions of Massa
The national deputy for the province of Buenos Aires (FdT) Daniel Arroyo affirmed this Wednesday that Massa “has all the conditions” to serve as Minister of Economy, Productive Development and Agriculture, Livestock and Fisheries, and said that his priority should be “to recover reserves and income, work on a part of the population that does not have them and stabilize the exchange rate and food prices”.
Massa “has all the conditions to hold office (…). He is a person who has a team, a plan and all the instruments, “said Arroyo hours after the assumption of the Tigrense as the new Minister of Economy.
“This is a time of balance that must include the 48 million Argentines. To govern is to provide certainty to the people so that they can know how much money they need to live,” added the legislator, who insisted on universal citizen income, emphasizing that “Latin America as a whole” follows that line.
“It must be discussed in Congress, approved and given the power to the Executive to implement it in stages. At least that is how it works in the world. If it were up to me, I would start implementing this universal income through the provinces of northern Argentina,” he said. .
Regarding the unification of the Ministries of Economy, Production and Agriculture, he opined that “the areas should be dispersed in moments of tranquility” but “in times of crisis they must be centralized to give the official in charge the possibility of all the keys of the button panel”.
Massa swears before some 500 people
After two and a half years as, in which he collaborated to reach the necessary consensus to convert important projects of the National Executive into law, Sergio Massa lands in the cabinet of Alberto Fernández after two and a half years as head of the Chamber of Deputies. He will be sworn in as Minister of Economy at the Casa Rosada Bicentennial Museum, after which he will announce the main guidelines for his administration.
From massism they assure that the swearing-in ceremony will be attended by about 500 people. Businessmen, trade unionists, leaders of the Renovating Front, national and provincial officials of the ruling coalition and provincial leaders were invited.
Manzur highlighted the importance of Massa in the Frente de Todos
Juan Manzur affirmed that Sergio Massa “is a very important man for the ruling coalition” and maintained that the expectations regarding his performance at the head of the Ministry of Economy “are the best and very positive.”
“Despite all the difficulties at a global level, we have full confidence in the management of the Government and all the ministers. Massa is a very important man for the coalition and we see him very well”, said Manzur.
Manzur specified that after Massa’s swearing-in “we are going to have the first general guidelines on macroeconomic policy.” “Until now they have been responding favorably to the expectations it has generated,” he analyzed, adding that “the economy is in a complex and difficult situation, in a very complex global context and with variables that impact Argentina, which is not an island.”
The redefinition of the economic area
Massa assumes as Economy Minister to replace Silvina Batakis, who took over after the departure of Martín Guzmán.
His arrival comes from the hand of a redefinition of the economic area for which the Ministries of Productive Development and Agriculture become secretariats and will remain under his orbit within the organization chart of the portfolio in his charge.
When and where Massa assumes in Economics
Sergio Massa’s act will be at 5 pm at the Bicentennial Museum. Until yesterday, the president of the Chamber of Deputies joined the national cabinet after presenting his resignation from the position he held since the beginning of Alberto Fernández’s administration.
Massa’s appointment has the backing of Vice President Cristina Kirchner, who made her support explicit with the publication of a photo of a meeting the two had last Monday in her Senate office.