Elon Musk once again recommended Argentina as a key destination for international investment. In a meeting with Javier MileiMusk made known his confidence in the economic opportunities offered by the aforementioned country, highlighting the potential of the country’s lithium reserves, an essential resource for the renewable energy technology industry.
Previously, Elon Musk public “I recommend investing in Argentina” via X. The President Milei, for his part, took the opportunity to urge the world’s most influential businessmen to consider the opportunities presented by his government. Furthermore, he highlighted the “huge” investment possibilities that can transform the economic panorama of Argentina.
Changes in the Argentine economy
”Looking to the future, in this pro-market context promoted by the new government, we recommend evaluating options to invest and grow assets at a crucial time for the Argentine economy,” commented Washington López, CEO of Washington Capital.
The fiscal austerity measures implemented by the president Javier Mileithey managed to achieve a fiscal surplus for the economy for the first time in 12 years.
‘This historic milestone is fundamental to reduce the country’s risk and begin to see tangible results in the battle against inflation, an absolute priority,” said López, of Washington Capital.
The Argentine president continues with his plan to privatize large state companies such as Aerolíneas Argentinas and the dollarization of the currency, which are receiving the support of international experts. This economic approach would mark the beginning of a new era of stability and growth for the country.
”The market response has already begun to manifest and it is a trend that we analyze in 2022 in a forum in Peru. From the prelude to the inauguration of Mileia notable increase in the value of the shares of key companies such as YPF, Telecom Argentina and Transportadora de Gas del Norte was observed. recalled Washington López, CEO of Washington Capital.
Furthermore, he added that “‘to date, the Stock Market and Argentine sovereign bonds have registered positive returns, a sign of renewed optimism.’
Opportunity for Peruvians who want to invest in Argentina
On Wednesday, May 29, at 7 pm, at the Los Delfines hotel, the WR 4.0 fund will be launched, backed by Washington Capital and Consultores Asset Management.
This fund will focus on investing in the main economic and technological trends worldwide, including the commodities supercycle, the recovery of the Argentine market, the correction of the US market and advances in artificial intelligence. Registration to sign up is available at: https://shorturl.at/Z5zDQ
Source: Gestion
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