This week, hundreds of business leaders from more than 60 countries will be in Buenos Aires as Argentina is hoping to attract billions of dollars in foreign investment. It’s being called ‘a mini Davos’.
CCTV America’s Joel Richards reports.
Argentina Business and Investment Forum open in Buenos AiresThis week, hundreds of business leaders from more than 60 countries will be in Buenos Aires as Argentina is hoping to attract billions of dollars in foreign investment. It’s being called ‘a mini Davos’. CCTV America’s Joel Richards reports.
This week, Argentina is welcoming more than 1500 business leaders from around the world. On the table, billions of dollars of investment opportunities
Include projects for between $15,000,000,000 and $25,000,000,000 in sectors ranging from roads and highways and oil and gas, to renewable energy and mining.
‘Yes we can’ was the chant last November when conservative candidate Mauricio Macri won a run-off presidential election after 12 years of left-leaning Kirchner governments.
On the promise to kick-start the economy, Macri’s government moved swiftly to pave the way for investors. Reaching an agreement with holdout funds to re-enter debt markets and cutting taxes for the agricultural sector and stripping down subsidies for public services.
These changes in economic policy over the last nine months have been welcomed by many in the business sector, especially from abroad. But that renewed optimism is set against public opinion in Argentina.
Pablo Rodriguez Brizuela on Argentina’s economy
For more on Argentina’s economy, CCTV America’s Rachelle Akuffo interviewed Argentina’s Minister of Economic and Commercial Section at the Embassy of the Argentina, Pablo Rodriguez Brizuela.