The debate for a state bank in Mendoza was reactivated and Fayad responded to the PJ’s proposal

So its first stumbling block is internal. However, the idea of ​​the Peronist adviser and referent of his economic teams, Nicolás Aroma, does not necessarily imply using the amount that went to the dam, but it was only outlined as a possible source to capitalize it. The discussion is much broader.

► YOU MAY BE INTERESTED: Giuliana Lukoski’s boyfriend was discharged

What does Peronism say?

Aroma denounced that hehe financial tools that Mendoza has are below what local businesses need. But also, he said the province was largely relegated to the growth of other jurisdictions in financial matters; something that, according to what he stated, disadvantage to local investments compared to their peers in Santa Fe or Córdoba, to give examples, where there would be greater capacity to access credit.

“Here, the strongest entity with access outside Banco Nación is the Transformation and Growth Fund. To give us an idea, in the last six years it granted, according to its own figures, 2,500 million pesos. In Córdoba, just last year, the expansion of private credit was $200,000 million. In one year, one percent of what was here in six”, he said.

The FTyC is not the only financing instrument of the province. mutual guarantee company Whose Aval, Mendoza Fiduciaria and the aforementioned Banco Nación are other sources of credit potential in our territory. However, both the opposition and the ruling party agree that not enough to guarantee growth.

“The problem when you reduce financial access, or you have one as short as Mendoza’s, is that you end up giving chances only to the largest companies. The small and medium ones are marginalized, because they are not competitive in the face of that demand for funds,” continued Aroma. “We owe ourselves this discussion, because we know and agree that we need to produce more.

aroma and fennel in 7d.jpg

Aroma (right) belongs to the technical teams of Justicialism. He clarified that not the entire party is in favor of his proposal.

The response of the Minister of Finance

“I respect Aroma a lot; I don’t know exactly what sources it is taking, but yes I can count all the research work that we did”, Fayad began by saying to UNO. “The truth is that financing does not depend yes or yes on who your financial agent is. The hypothesis that the size of the credit is tied to having its own bank is not correct”.

In the Treasury they boast of having collected data from the BCRA to determine all possible relationships between provinces and those who finance them. They point out four types of links: those of real participation of the State (Bancor and Banco Ciuadad, for example); those that seem public by name, but are private (San Juan, Entre Ríos); those that are financed with commercial entities (Jujuy, Salta, Tucumán) and those that have Banco Nación (Mendoza, San Luis).

“It is true that we do not have the same level of financing as Santa Fe and Córdoba. But we do reach our productive sector; which is also different from those provinces. Now, that survey that we did marks that nor there is a predetermined relationship by the presence of a public entity. It does not guarantee anything, as is well shown by the examples of jurisdictions that have their banks and, nevertheless, do not enjoy a good level of credit. for their activity”, said the minister.

Rodolfo Suarez and Victor Fayad.jpg

Fayad has been Finance Minister of Mendoza for five months.  He affirmed that the proposal of a state bank was studied and that, for now, it is dismissed.

Fayad has been Finance Minister of Mendoza for five months. He affirmed that the proposal of a state bank was studied and that, for now, it is dismissed.

“But that is not all, We must take into account the dangers that progress in something like this would imply. The financial world is super competitive, and if you don’t do things right, you can lose a lot of money. Being from the State, you would be losing money from everyone’s pocket us,” he remarked. We have done extensive research and the truth is that there is no need to have a bank of Mendoza. The data marks it ”, he rounded off.

► YOU MAY BE INTERESTED: Dyzhy, the son of Alberto Fernández, at a party in Mendoza

Software, SMEs and the trust of Mendoza

For the economist Carina Farah, the discussion about a new provincial bank should take place looking to the future. He added that, if the issue is put on the table, it should be done thinking of expand the productive matrix and “not always finance the same activities”. He aimed precisely at make it a tool to promote local start-ups and knowledge industry. Although without neglecting other items.

“I also think it’s a proposal. politically interesting,” he said. “The chance to overcome those positions that, as proposed by the opposing sector, I have to say that it is bad. Upside down. Let’s give ourselves the chance that the instrument advances and sovercome the mistakes he had in the past, and that made the man from Mendoza not have too much confidence in him “hill.

Sebastian Laza, also graduated in Economics, considered that the proposal could be good, but that its characteristics must be thoroughly discussed. “Mendoza needs a more powerful financial tool, it’s true. The Fund for Transformation does a good job, but with relatively little capital. Likewise, I would make a digital bank, not necessarily a physical one”.

National Bank (3).jpg

Mendoza's financial agent will continue to be Banco Nación, at least until 2027.

Mendoza’s financial agent will continue to be Banco Nación, at least until 2027.

Photo: Fernando Martinez/ Diario UNO

To that, added his criticism of Mendoza’s relationship with Banco Nación: “It’s not good for development, it’s never worked. Yes, perhaps, for personal consumption. But it is not an answer for SMEs. And if we were to make a Bank of Mendoza, of course we would have to discuss how much money we would carry it out with. Using funds from Portezuelo I do not see as viable”he pointed out.

A bank with silver from Portezuelo

Aroma’s proposal does not establish what the exact cost of a state bank would be, but points out that It would be enough with half of the credits that Mendoza must receive from the Nation for Portezuelo (or for Industrial Promotion). In any case, any destination outside of “water works for hydroelectric generation” -as sealed by Alfredo Cornejo and Mauricio Macri in 2019-, It would not be viable, unless the President enables it.

“I do not handle the legal details around that money. But the water works that are being discussed would not reach 500 million dollars. Our proposal would consume less foreign currency and on top of that it would be investment, that is, it is money that you are injecting into expanding activity in the future”, Aroma graphed.

portezuelo-1.jpg

If the dam is not built, Mendoza should have 1,023 million dollars for works.  The PJ's suggestion is to use part of the capitalization of a local bank that finances economic activity.

If the dam is not built, Mendoza should have 1,023 million dollars for works. The PJ’s suggestion is to use part of the capitalization of a local bank that finances economic activity.

On this point, he believed that the Government proclaims to have an investment and support model for the private sector; with which – at his discretion – expanding financial capacity should be central. “It is a necessary investment; and taking 600 million dollars to public works would imply multiplying by 20 all the funds used in infrastructure in 2021. It does not make much sense”.

They say it’s crazy, but in other provinces it works. For me, madness is not discussing it, “he reasoned.

► YOU MAY BE INTERESTED: In claim for Portezuelo, Ojeda and the Malargüinos announced a caravan to the Casa Rosada

Leave a Comment