Jorge Brito, a key Argentine businessman, emphasizes the challenges faced by the private sector amidst the government's stabilization efforts and suggests gradually enabling dollar credit to stimulate growth.
During the inauguration of a new solar park in Luján de Cuyo, Mendoza, Jorge Brito, the main shareholder of Banco Macro and Genneia, expressed concern over what he describes as a "strangulation" of private activity in Argentina. While he acknowledged the government's stabilization policies, he highlighted the need to pay attention to the real economy and the challenges it faces, especially in terms of credit availability.
Brito reflected on previous remarks made a year ago regarding the importance of activity levels over inflation, reiterating the necessity for government policies that support private sector growth. He proposed a gradual reintroduction of dollar credit as a means to foster economic expansion, suggesting that without such measures, the private sector may continue to face significant limitations.
His comments come at a time when Argentina is navigating complex economic conditions, including attempts to curb inflation while promoting growth. The implications of Brito's statements are significant; they underline the concerns of business leaders about the balance between government fiscal policies and the necessity for a vibrant private sector to drive economic recovery.
