A productive growth plan to quadruple exports was unveiled by the head of government as part of his campaign. Who is with him?
Horacio Rodrguez Larreta introduced the idea of Generation 23 while running for president. A slogan with a founding spirit that harkens back to the 1980s generation was used by presidents Roca and Pelegrini when Argentina was the world’s granary at the end of the 19th and beginning of the 20th centuries.
In actuality, Larreta assembled a group of economists presumably to reclaim the initiative in this area. “We are going to continue working on the development challenges that Argentina needs to get out of stagnation and grow,” he tweeted to make the announcement.
To restart growth and treble exports in six years, they identified crucial areas. are: mining, tourism, knowledge-based services, agribusiness, biotechnology, energy, and manufacturing.
The four axes of this plan, according to Julia Pomares, head of City Government Advisors, are internationalization, incorporating cutting-edge technology, simplicity and deregulation, and integrating the educational process with the demands of the 21st century in terms of productivity.
“Without consistent increase in exports, there can be no sustainable economic plan. The problem is internal rather than external: we have the ability to produce foreign cash, but we are unable to hold it on our own volition, leading to exchange limitations (cepos) that reinforce mistrust, Rodriguez Larreta remarked during the first meeting.
Hernan Lacunza, a former minister of economy during Macri’s final term when they lost the Paso, is the current chief economist. He received a postgraduate degree in Di Tella from the UBA and served as Maria Eugenia Vidal’s minister from 2015 to August, when he succeeded Nicolás Dujovne. In order to avoid emptying the Central Bank’s coffers during that period of concern and crisis, peso loan payments were postponed, and there were restrictions placed on the acquisition of dollars. Team manager Lacunza is in charge.
Andrés Borenstein, a UBA economist with a Master’s in Finance from Di Tella, supports him. In Clarion, he worked as a journalist. He currently serves as an Associate Director for Econviews and formerly served as the British government’s Chief Economist for South America, based in Buenos Aires. Together with Milagros Gismondi, Borenstein will be in charge of the macroeconomics section.
Lacunza’s right hand will be Pomares, a political scientist with a PhD from the London School of Economics, a former CEO of the public policy think tank Cippec, and the current head of Larreta’s Advisors.
Additionally, Luis Secco will perform in the macroeconomic category. Daniela Ramos will be in Knowledge Economy. Together with Fernando Grasso, Martn Etchegoyen, a former director of the UIA and Macri’s Undersecretary of Industry, will handle industrial strategy. Santiago Dondo will be in charge of mining, and Ricardo Negri, who oversaw Senasa under the Cambiemos administration, will be in charge of agriculture.