An event called Córdoba VC Summit with a keynote speaker in the foreground and an audience watching the stage
ARGENTINA

Zuchovicki in Córdoba: 'Argentina did its homework, and the world is looking at us again.'

The economist assessed the shift in economic direction under Javier Milei's government and welcomed the new climate of fiscal stability

During the Córdoba VC Summit, Claudio Zuchovicki delivered a clear and encouraging presentation on the country's situation. In front of a packed auditorium, he praised the new fiscal order. "We have moved from inflationary certainty to a positive uncertainty that allows us to work seriously," he stated.

The economist compared the present to the abyss Argentina faced a year ago. In 2023, he said, the scenario was one of imminent explosion and destruction of value. Today, however, "the challenge is no longer to protect oneself from inflation, but rather how to compete and be efficient," he asserted.

Zuchovicki emphasized that the rules are beginning to be organized and that this allows the focus to be placed on the real economy. He highlighted that companies now must look at the consumer and produce better. "The king is no longer the one who has the product, but the client," he summarized.

Middle-aged man with a beard and dark hair wearing a headset microphone and a blue suit while speaking in front of a screen with a blurred map in the background
Zuchovicki spoke about the importance of Milei's structural reforms and gave encouraging statements about the country's future | La Derecha Diario

Recognition of the national Government's structural reforms

One of the central points of his analysis was the macroeconomic transformation led by Javier Milei. "Argentina is beginning to do its homework," he concluded. He valued the fiscal surplus, lower issuance, and the elimination of the Central Bank's liabilities.

He stressed that the State stopped financing the Treasury with uncontrolled issuance, a historic change. "That allows us to think about growth with stability," he said. According to the analyst, the country has a unique opportunity if fiscal balance is maintained.

Zuchovicki also focused on legal certainty as a key pillar to attract investment. "If I need a government official's permission to export, the business is not mine, it's the official's," he warned. He called for the elimination of bureaucratic obstacles to unleash productive potential.

Middle-aged man with a beard and brown hair wearing a headset microphone and a dark blue suit while speaking on a stage lit with blue lights
He valued the fiscal surplus, the lower issuance, and the elimination of the Central Bank's liabilities | La Derecha Diario

The way forward is with investment, productivity, and confidence in the private sector

He also proposed measures to monetize the economy without returning to the inflationary shortcut. He said that encouraging the inflow of dollars and investing in infrastructure must be a priority. "We have resources, but we lack the means to transport them; we need capital and a market," he stated.

He also suggested reducing the tax burden and reforming the labor system to reward productivity. "We have to let those who want to work, work: the future depends on that," he summarized. He emphasized that Argentina can be competitive if it unleashes its potential.

Finally, he highlighted that the world could once again look to the region: "If rates fall in the U.S., capital will come to emerging economies," he anticipated. "The world is starting to play in our favor. We have a historic opportunity if we continue down this path," he concluded.

➡️ Argentina

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