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Economy Llao Llao Forum: Javier Milei will defend his economic plan in front of 150 businessmen who are waiting for clear signals - Infobae

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Llao Llao Forum: Javier Milei will defend his economic plan in front of 150 businessmen who are waiting for clear signals - Infobae​


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April 19, 2024

The businessmen had dinner with Paraguayan President Santiago Peña. The president of the neighboring country assured that Argentina has a debt of USD 200 million for unpaid electricity and said that dollarization can be “an alternative.”

By Mariano Boettner

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Milei, in a previous presentation before the Llao Llao Forum, which this time he will visit as president of the Nation

From Bariloche - President Javier Milei will be the protagonist of the last day of the Llao Llao Forum and will defend the progress of his government four months before the start of his mandate, before an executive audience of 150 businessmen who passed through the first day and a half of this space with the intention of discussing major regional and global issues with a view to the future, but which will come down to the level of the situation when the head of state speaks after noon.


“We have questions to ask you, but we cannot anticipate it,” apologized Guibert Englebienne , co-founder of Globant more than 20 years ago and one of the forum's regular participants. “The goal is to always have a look at the future ,” considered the businessman.


Milei arrived after 9 p.m. at the Bariloche airport after flying from Buenos Aires with Tango 11, on his first presidential trip that he does not make with a regular commercial flight . A few days ago the Government announced that for security reasons the head of state would stop taking airliners. After setting foot on Bariloche soil, he arrived at the Llao Llao hotel by helicopter, accompanied by the general secretary of the Presidency Karina Milei and the presidential spokesperson Manuel Adorni .

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Milei arrived in Bariloche on a private flight and will speak tomorrow before businessmen
The president will spend the night in the presidential suite, one of the most luxurious rooms in the establishment, and will speak at noon before 150 CEOs from different sectors but with a special preponderance of the technology sector and Argentine unicorns.


On Thursday night the dinner with business men and women was hosted by Paraguayan President Santiago Peña , one day after the passing of Uruguayan Luis Lacalle Pou . Peña, in dialogue with the press before the evening, considered that his relationship with the Argentine head of state is "very good", said that the process of adjustment of the economy brought benefits to Paraguay because the fall in the exchange rate gap lowered the smuggling of products across the border and due to this collapse in the amount of Argentine products sold in Paraguayan stores improved production within the border.


“From the perspective of a Paraguayan economist, dollarization does not make sense, now we cannot deny that in other countries and that in the case of Argentina it has a nominal anchor” (Peña)

“The personal relationship is very good, I have already met with him three times, we have a fluid dialogue both at the level of president, chancellors, and ministers. We understand that Argentina is carrying out the reforms, the legislative processes and in that we want to put ourselves in the group of countries that are patient and that we want things to normalize and in that we can wait a little longer," said Peña.

Asked about the possibility of dollarization of the economy, the Paraguayan president, who is an economist - he was director of the central bank and minister of finance -, assured that "from the perspective of a Paraguayan economist, dollarization does not make sense, now we cannot deny that in other countries and that in the case of Argentina have a nominal anchor , a real anchor. A strong currency can help, convertibility helped at the time, we cannot deny that convertibility after many years of monetary instability helped Argentina in the 90s so it should not be ruled out , but this is obviously a very consideration. particular to Argentina.”

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Paraguayan President Santiago Peña had dinner with businessmen at the Llao Llao forum

Other agenda items are under discussion: the debt that Argentina accumulates with Paraguay for late payments for electrical energy generated by the binational Yacyretá dam , which Peña estimated at 200 million dollars , and the waterway .

Milei arrived after 9 p.m. at the Bariloche airport after flying from Buenos Aires with Tango 11, on his first presidential trip that he did not make with a regular commercial flight.

In addition to the closing of Milei, which will be at noon, one of the last panels will feature Marcos Galperín, the founder of Mercado Libre, who, together with Roberto Sallouti from the Brazilian bank BTG Pactual, will hold an informal talk around 10 a.m. tomorrow It is called Fireside Chat , an Anglicism used to refer to an informal conversation and which owes its origin to Franklin Roosevelt 's speeches that Americans listened to by the fireplace during the 1930s.

Earlier, three entrepreneurs will be part of the “Designing the future” panel: Tarek Ali Zaki , from OncoPrecision, Jairo Trad (Kilimo), Matías Viel (Beeflow). Later on, the program includes an exhibition on the crypto ecosystem (crypto, blockchain and real-world assets) with Rodrigo Benzaquen (BoulderTech) and Sebastián Serrano (Ripio). Finally, just before Milei, the scientist Daniel Rabinovich and Diego Martins will speak , who will host the panel “Artificial intelligence knocks on your door.”
 
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