RepensAR Summit: experts met to analyze investments in the country
The meeting was held at MALBA, where almost all the speakers agreed with the outlook for the future.
Finance experts met at MALBA for the third edition of the RepensAR Summit. They highlighted some government measures such as the lowering of the country tax and the cut in interest rates, although they demanded a safer scenario, investments in infrastructure and improved competitiveness.
"We are going through a strong hangover" was the definition of Francisco Sosa del Valle, CEO Bunker Invest. The phrase, much celebrated by an audience of 300 specialists, investors, leaders and politicians, was engraved in the audience as an analogy of Argentina's recent times.
For the specialist, there is still some time to recover from the excessive spending and uncontrolled emissions of the previous government.
Almost all the speakers agreed on the outlook for the future: optimism. More or less moderate, they understand that there are measures taken by Milei's management that are going in the right direction, but that there is still a long way to go.
Among the most urgent aspects, Jorge Bustamante, author of "La República Corporativa", highlighted the lack of competitiveness "we must lower costs and relative prices".
During the meeting, organized in thematic panels, some twenty experts discussed the real investment possibilities in real estate, where Sofía Gutiérrez, from Compass Group, assured that the (lukewarm) reactivation of mortgage loans and the laundering of capital reactivated the sector.
The reality coincided with a turbulent scenario, although expectations are favorable for agriculture, mining and infrastructure.
The lack of investment, a recurring theme in the Argentine economy, was not alien to the debate, where the opportunities in the different sectors were highlighted, although emphasis was placed on the incorporation of new technologies.
In this regard, Martín Otero Monsegur, Partner Towerco Investments LLC, stressed the need to add fifth generation (5G) technology, which, he said, is essential because it will provide greater traffic capacity with lower latency.
To do so, imports will have to be opened and taxes will have to be definitively removed, he said, in order to lower costs and gave as an example cellular telephony, according to the expert, only 10% of the phones in the hands of Argentines are prepared to accept 5G.
The closing of the presentations was in charge of Miguel González, former president of YPF and currently CEO of an investment group that manages funds for more than 8 billion dollars in some twenty countries, who predicted a lifting of the dollar ceiling for the beginning of next year, "this is what I understand from years of experience", he predicted.
Source: Cadena 3