Martín Redrado, former president of the Central Bank, shared his opinion on the current economic situation in Argentina, highlighting the need for a foreign policy that favors exports and reduces taxes in key markets. In an interview, he mentioned the importance of lowering the cost of credit for companies, proposing strategies to achieve this.
Regarding the exchange market, Redrado emphasized the importance of a market value of the dollar that provides stability to the system and allows investors to project their returns. He criticized the lack of predictability in the monthly devaluation rate, pointing out how this affects long-term planning for companies.
Moreover, Redrado highlighted five fundamental pillars for the sustained growth of the country. Among them, he mentioned the need to improve transportation infrastructure to facilitate exports, the importance of negotiating energy agreements, and the urgency of combating labor informality.
In relation to the current monetary policy, Redrado considered that important steps have been taken, such as zero issuance and the elimination of direct financing to the public sector. However, he pointed out that greater clarity is needed in the long term to consolidate economic stability and allow the development of productive sectors.
For Redrado, it is essential to free the exchange rate and move towards a floating exchange rate scheme, providing certainty to productive sectors and investors. He also emphasized the importance of a tax revolution that simplifies the tax system and reduces the tax burden, as well as the transformation of the logistics structure to boost exports.
In summary, Redrado's proposals aim to create a favorable environment for economic growth, fostering exports, improving infrastructure, and promoting international trade agreements.
