January 28, 2021 |
Argentina's ability to remove capital controls will depend on its ability to accumulate foreign reserves and not before, says the nation's economy minister.
In an exclusive podcast interview with LatinFinance, Martín Guzmán, acknowledged that the imposition of the controls is not something he wants to remain in place for much longer.
"We do not like the capital controls, but in order to modify them and avoid a worse evil, we need to build resilience through accumulation of foreign reserves. And
Economy Minister Martín Guzmán says 2020 GDP likely contracted closer to 10%, but sees 5.5% growth in 2021. Listen to the podcast interview on LF Connect