The Deputy Minister of Economy highlighted that Moody's decision supports Javier Milei's economic program and stated that it will lower the cost of credit, attract investments, and generate jobs
The Deputy Minister stated that macroeconomic order will improve wages and employment
When asked about the economic situation of Argentines, Daza maintained that the central objective of the government is to create the conditions for a sustained recovery of employment, wages, and real incomes.
In this regard, he assured that the process of fiscal ordering was accompanied by a policy of protection for the most vulnerable sectors.
"It was a mandate from President Javier Milei that, during this enormous effort of fiscal ordering, the most vulnerable sectors would not suffer", he affirmed.
The official also pointed out that the economic team is working to consolidate macroeconomic stability, a condition he deemed essential for achieving a lasting improvement in purchasing power.
Daza rejected claims that the economy is stagnant and highlighted the growth of activity
The Deputy Minister questioned reports claiming that the economy remains stagnant and asserted that the indicators show a sustained recovery of economic activity.
As he explained, national accounts reflect that Argentina's output and income are at historically high levels, as a result of the stabilization achieved during the first months of the economic program.
"There is a consistent program that leads us to stabilization, and that stabilization will allow for continued increases in real wages and employment", he stated.
Additionally, he highlighted the potential of strategic sectors such as energy, mining, agriculture, and human capital, which he considers fundamental for driving long-term growth.
The reform of the Central Bank aims to reduce country risk
In another part of the interview, Daza emphasized the importance of advancing with the reform of the Central Bank's Organic Charter, one of the projects promoted by President Javier Milei.
The official explained that the initiative aims to institutionalize fiscal balance and monetary stability, providing greater predictability to the economic system.
According to him, the approval of the reform will send a strong signal of confidence to international markets, helping to reduce political volatility and country risk.
Finally, Daza expressed optimism regarding the future of the Argentine economy and assured that the structural reforms promoted by the government will allow the country to become one of the fastest-growing economies in the West over the next decades.
The improvement of Argentina's credit rating by Moody's was celebrated by the Deputy Minister of Economy, José Luis Daza, who stated that the decision constitutes a strong endorsement of the economic program promoted by President Javier Milei. The official maintained that the international recognition confirms that the Argentine economy is undergoing a structural change and that the country is moving towards a phase of greater stability, investment, and growth.
During a radio interview, Daza explained that the improvement in the rating not only benefits the national government but will also have a positive impact on the financing of businesses and families, by reducing the cost of credit and improving conditions for new investments.
Daza emphasized that Moody's supported the government's economic program
The Deputy Minister stated that the improvement in the rating reflects the confidence of international markets in the economic direction taken by Javier Milei's administration.
"This confirms that we are heading in the right direction", Daza asserted, while explaining that a better rating allows for a reduction in the cost of financing for the government, businesses, and citizens.
In addition, he highlighted that the decrease in the cost of credit will facilitate the arrival of new investments, as numerous productive projects will be able to access financing under better conditions.
"There are a large number of investment projects that previously could not be financed and that can now be realized, expanding productive capacity and generating more jobs", he noted.
Daza highlighted that Moody's supported the Government's economic program
The government aims to regain investment grade before 2031
Daza assured that one of the main objectives of the economic team is for Argentina to regain investment grade in the coming years, a category that the country lost more than a decade ago.
As he explained, the official goal is to achieve that status before 2031, which would allow for continued reduction of country risk and consolidate access to international credit.
The official emphasized that the three main rating agencies agreed that the economic program represents a profound change compared to previous experiences.
"The most important thing that the three rating agencies said is that there is a structural change here. This is not a temporary adjustment, but a change in direction", he affirmed.
Furthermore, he stated that Moody's particularly valued the consistency of the economic plan, distinguishing it from previous programs based on temporary measures.
