Argentina is seeking allies in Europe
Argentina’s President Alberto Fernández, who has only been in office since December 2019, also visited Berlin today as part of a European tour for a discussion with Chancellor Merkel.
In an economic meeting with the President and his delegation organized by LADW, Fernández expressed his great openness towards the involvement of German companies in Argentina. Argentina needs the German economy and sees it as a partner for a comeback of the country.
The revival of Argentina is the president’s top priority, but the first step remains a long-term strategy for rescheduling debt still to be negotiated, especially with the International Monetary Fund (IMF). The government is making efforts to restore confidence in the country and to improve the framework conditions for investment. For example, a new law is intended to strengthen investment security in the country. The current protectionist measures are bitter but temporary remedies. Fernández also spoke out in favour of multilateralism and international organisations.
During his trip Fernández also met the Pope, Italian Prime Minister Giuseppe Conte, Spanish Prime Minister Pedro Sánchez and French President Emmanuel Macron. Support from EU countries is sought for the intended renegotiation of the repayment of the IMF loan.
