Industry Voice: Sponsored by Neptune
Mauricio Macri has achieved a lot since becoming President of Argentina in 2015, quickly implementing a program of economic normalisation to correct prevailing macroeconomic inconsistencies and imbalances. The first economic measures taken by the government included the liberalisation of the FX market, unifying the dual exchange rate system through an FX devaluation, and the elimination/reduction of export taxes to boost the competitiveness of the agricultural sector and improve the trade balance. They also quickly advanced a holdout resolution which enabled Argentina to emerge from its longstanding default and regain access to capital markets.
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