Even when he managed to postpone the deadline to achieve the goal imposed by the IMF, the government continues to resolve the issue of reserves and the price of the dollar, the price of which, according to analysts, is an obstacle to their accumulation.
In this context, Daniel Artan said about the goals that the leader should come to continue his economic plan, not only to satisfy the requirements of the agency, but also to increase his chances in the October elections.
“The background will look at two things: one, this is what the government and its allies have, and the other is how Kirkhnerism goes, because the problem is not in moderate peronism; The problem lies in the populist aspect of how the economic policy is interpreted, ”he explained in the dialogue with Rivadavia radio.
The economist also referred to violating the goals protected by the IMF for June.
At this moment, he explained: “The government decided not to buy the Central Bank if you do not do it through the location of the debt, and in general it did not reach the goal that was planned for June, in addition to this, it has now approached.”
“If you look at the program with the background, you will see that net reserves can be accumulated through the debt above 1,500 million US dollars. However, when you check monetary goals and reserves, improvement was planned by reconfigure the economy with the purchase of BCRA and, obviously, would attribute you to a more depreciable exchange rate, ”the economist said.
“The exchange rate is free inside the group, but at some point the group should disappear, and the dollar goes where to go, that the market will determine. The problem is, a lot about how much is depreciated, ”said Artana, who also emphasized that” the roof of the group is still deserving trust. “
The Exchange Band mode, one of the key works of the government strategy of anti -inflation, is faced with a decisive problem in the coming months. According to the economist, the current scheme that holds the dollar within the controlled range has a clear limit: after the October elections, the market should determine its real value, with a risk of sharp correction, if there are no margin in reserves.
