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Montevideo, November 19th 2018 - 14:10 UTC

Macri preparing a major show to the world's business elite his vision of a modern Argentina

Tuesday, August 16th 2016 - 20:25 UTC
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Participants will receive from the Macri administration the message that Argentina is not only a country that can be trusted but a modern state for launching business Participants will receive from the Macri administration the message that Argentina is not only a country that can be trusted but a modern state for launching business
The aim of the forum is to attract sustained annual foreign investment of at least US$25 billion, without the constraints that existed during the country's recent past The aim of the forum is to attract sustained annual foreign investment of at least US$25 billion, without the constraints that existed during the country's recent past
Some of the speakers confirmed are BP Group CEO Bob Dudley; Siemens president and CEO Joe Kaesery; Export-Import Bank president Fred P. Hochberg Some of the speakers confirmed are BP Group CEO Bob Dudley; Siemens president and CEO Joe Kaesery; Export-Import Bank president Fred P. Hochberg
Argentina's economic policy gurus, headed by minister Prat-Gay, never tire of saying that there are signs of economic recovery and return of sustainable growth Argentina's economic policy gurus, headed by minister Prat-Gay, never tire of saying that there are signs of economic recovery and return of sustainable growth
Argentina is Latin America's third-largest economy, with a GDP of US$500 billion,  the second-highest GDP per capita, in terms of buying power of US$22,600 Argentina is Latin America's third-largest economy, with a GDP of US$500 billion, the second-highest GDP per capita, in terms of buying power of US$22,600

Argentina is organizing a major business and investment forum next month, September 12/15, in Buenos Aires and more than 1,500 world business leaders and representatives of government and economic institutions are scheduled to attend the event, probably the largest in recent times in Latin America.

 All of the participants will receive from the president Mauricio Macri administration the message that Argentina is not only a country that can be trusted but a modern state that will provide the best tools for launching business ventures and making investments, with top-quality raw materials and qualified professionals possessing talent and creativity.

The aim of the forum is to attract sustained annual foreign investment of at least US$25 billion, without the constraints that existed during the country's recent past, where the greater part of the US$7 billion in annual investment at that time resulted from reinvestment required by the currency exchange controls.

With an eye toward its goal, government representatives from across the board will interact personally with the forum's participants to explain to them how the administration's ambitious economic reform program will close the gaps in financing to support sustainable and comprehensive growth and will position Argentina as an attractive international investment destination.

Among other advantages, foreign investors will be offered the elimination of capital restrictions including the possibility to repatriate profits along with maximum efforts by the administration to control inflation once an agreement is reached regarding the payment of the Argentine debt to the so-called “vulture” speculative funds and the country's regaining access to the global capital markets.

Both actively and passively, Argentina's economic policy gurus, headed by Finance Minister Alfonso Prat-Gay, never tire of saying that there are signs of the country's economic recovery and the return of sustainable growth, and the prospects for improvement are providing unique investment opportunities.

In addition, they say that Argentina is Latin America's third-largest economy, with a gross domestic product of $500 billion, after Brazil and Mexico, and that it has the second-highest GDP per capita - in terms of buying power - after Chile, with US$22,600, as well as being the eighth largest country in the world in land area, with 53% of its territory being arable land, along with being the fourth-largest country in the region population-wise, with 43 million inhabitants.

Its favorable conditions for renewable solar and wind power, its petroleum and natural gas reserves and its gold, silver, copper, lithium and potassium deposits are other attractive elements for the new Argentine leaders to emphasize in attracting the attention of international investors, along with the country's powerful middle class and its high human development index.

Conceived of as a true business fair at which there will be many private sessions, the forum will serve to place on the table investment projects in renewable energy, gas and petroleum; agricultural and food production; industrial products and services; mining, transportation and logistics; public works and infrastructure; technology and telecommunications; financial services; tourism; pharmaceuticals; construction and real estate; and biotechnology, among other areas.

Among the 50 main speakers whose presence has been confirmed are BP Group CEO Bob Dudley of the United Kingdom; Siemens president and CEO Joe Kaeser of Germany; along with Export-Import Bank president Fred P. Hochberg, the president and CEO of The Coca-Cola Company, Muhtar Kent, and the president and CEO of The Dow Chemical Company, Andrew N. Liveris, all of the United States.

After a formal reception for participants at the Colon Theater, on the afternoon of Sept. 12, the working sessions will begin on the 13th at the Cultural Center with a few words from President Macri about his vision for the country, followed by working sessions on the prospects for investment in Argentina and the country's new investment climate.

The talks will continue on Sept. 14 with a tight schedule including several chats with visionary business leaders and the reading of the forum's conclusions before the closing ceremony, which will also be hosted by Macri.

Sept. 15, called Innovation Day, will be devoted to the study of this decisive aspect of business development, with the discussion of cases such as that of California's Silicon Valley, an example of a region that has transformed the world via technology, and the situation of other countries who are creating the proper conditions for innovation and business spirit with which Argentina also wants to provide itself.

More info: www.argentinaforum2016.com/#!

Categories: Economy, Politics, Argentina.

Top Comments

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  • chronic

    What do you say when they ask you about all those K's waiting in the wings?

    Rg's lust for nationalization remains unsatisfied.

    Aug 16th, 2016 - 10:13 pm 0
  • CapiTrollism_is_back!!

    Actually, all the supposed “advantages” of Argentina are what have been, are, and will be her eternal doom.

    Argentina is trapped in the most colossal of “middle income traps”:

    It is too poor to compete in raw direct innovation with the rich nations, too poor to throw massive subsidies to the most vulnerable sectors.

    It is also too rich to compete directly with assembly manufacturing for export oriented growth, too rich for low-wage investment.

    So can't subsidize agriculture, can't develop tech products, can't export mass manufactures, and can't mass hire for low-wage jobs.

    Argentina has no means of sustained growth because the current global economic system that dominates only knows how to grow economies when they are dirt poor (and almost always with dicatorships commanding the leadership for some time, see Asia, Chile, etc), or when they are already very wealthy (through R&D or just interest on investment).

    The current economic capitalist system completely has no answer whatsoeer for a country like Argentina on and how to grow. None. So it will all fail again no matter how pretty the summits are.

    Aug 17th, 2016 - 01:31 am 0
  • ChrisR

    Macri's chances could all be done at the next election if the 15M Peronists have their way.

    Then what? Back to the old ways.

    Macri needs to have a convincing win before anybody will risk serious money, unless they are brain dead.

    Continuity is the gold standard for investment, Argentina are still on the shit one.

    Aug 17th, 2016 - 11:52 am 0
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