Carlos Melconian: “What happened last week is unqualified; the program remains a volantazo” - Diario Panorama

For the economist, officialism "has been contradictory in the exchange rate" and last week's economic program "is by no means definitive." "Whether speculative capital comes in from the timba or the exchange rate goal is not met with the Fund," he warned.

Economist Carlos Melconian evaluated on Radio Rivadavia this Sunday the first measures of the government after the easing of the exchange rate. Far from celebrating a breakthrough, he questioned the official narrative: "There was no phase 3; there was a volantazo," he said, in reference to the turn towards an agreement with the International Monetary Fund (IMF). "The economic program turned to something of background monetary roots," he said, an…

The economist Carlos Melconian strongly questioned the economic direction of the national government after the departure of the exchange rate. Although he valued certain advances in fiscal matters, he warned that Argentina is just at the beginning of a complex process and pointed out the lack of a comprehensive economic program. “The country is at the beginning of a marathon, not on arrival,” the former president of Banco Nación, referring to th…

The economist Carlos Melconian, former president of the Banco Nación, analyzed the recent departure of the exchange rate quota and the economic direction of the government. In a critical but thoughtful tone, Melconian warned in Rivadavia AM 630 that Argentina is only at the beginning of an economic “maraton” and pointed out strong contradictions in economic policy, especially after the agreement with the International Monetary Fund (IMF). “What …

The economist warned that Argentina is just at the beginning of an economic “maraton.” “We are still expensive in dollars,” he said.