Thread by @ASCOA

NEXT UP: @hernanlacunza, Minister of Treasury, Argentina giving a keynote address.

#CouncilARG

@hernanlacunza Closing #CouncilARG, Minister of Treasury @hernanlacunza says:

"We'll witness something historic during the next days; the end of non-Peronist government's mandate in Argentina. That speaks to the institutionality of the country. This is something that was not so obvious."

@hernanlacunza "We took measures not too likeable yet necessary to avoid greater threats. The biggest legacy of this government is that of the institutional pillars to build from the economic."

—@hernanlacunza, minister of treasury, Argentina at #CouncilARG

@hernanlacunza "We made two decisions: reprofiling and an exchange rate regime. We put limitations to high dollarization so as to not alter the decisions for savings nor commercial fluxes, said @hernanlacunza at #CouncilARG.

@hernanlacunza "The exchange rate regime was insufficient for the close date of the election on October 27, so we made new decisions. They are transitionary tools, and the new government may be able to flexibilize them."

—@hernanlacunza at #CouncilARG

@hernanlacunza Recovering credit is perhaps the biggest challenge, says @hernanlacunza at #CouncilARG.

He continued saying that to not meet the expiration dates is not a legitimate nor practical option, and the next government must recreate these conditions for credit lines.

@hernanlacunza "What we will have are the sufficient reserves to enter into negotiation and dialogue with creditors. However, we will not grow without sustainable debt."

—@hernanlacunza at #CouncilARG