3Rd Cumbre Financiera Argentina

Total Page:16

File Type:pdf, Size:1020Kb

3Rd Cumbre Financiera Argentina 3rd Cumbre Financiera Argentina May 11, 2017 | Four Seasons | Buenos Aires, Argentina LatinFinance returned to Buenos Aires on May 11, 2017, for the 3rd edition of its Cumbre Financiera Argentina, held at the Four Seasons. Some 500 of Argentina’s leading public and corporate issuers, financial institutions, and investors, both local and international, gathered alongside top federal and local government officials for a full day of interactive panel discussions and networking, with over 150 private one-to-one business meetings held during the event. 2017 Event in Numbers: Total Participants 499 Issuers 164 Investors 70 Government 79 1-1 Meetings 156 Luis Caputo, Minister of Finance Government: Luis Caputo, Minister, Ministry of Finance Nicolás Dujovne, Minister, Ministry of Economy Guillermo Dietrich, Minister, Ministry of Transportation Rogelio Frigerio, Minister, Ministry of the Interior, Public Works and Housing Martín Kerchner Tomba, Minister, Ministry of Economy – Province of Mendoza Cristian Ocampo, Minister, Ministry of Finance and Economy – Province of Chaco Antonio Gustavo Labriola, Secretary of Finance, Province of Entre Ríos Martín Gavito, Director, Comisión Nacional de Valores Guillermo Dietrich, Minister of Transportation Investors: Carlos Planas, President & Senior Portfolio Manager, Axis Inversiones Jose Luis Daza, Founder & CIO, QFR Capital Pablo Albina, Country Head – Argentina, Schroders Investment Management Javier Montero, Portfolio Manager, Moneda Asset Management Julieta Henke, Country Head of Argentina, Pioneer Investments Pablo Grunbaum, Vice President, The Rohatyn Group Nicolás Dujovne, Minister of Economy Corporates: Marcelo Mindlin, Chairman, Pampa Energia Eduardo S. Elsztain, President, Cresud / IRSA Manuel Santos Uribelarrea, Chairman & CEO, MSU Group Martin Genesio, President, AES Argentina Juan Martin Vico, CFO, CableVision Roberto Alexander, President, IBM Argentina Bernardo Andrews, CFO, Genneia Rogelio Frigerio, Minister of the Interior, Public Works and Housing Financial Institutions: Katia Bouazza, Head of Latin America Capital Financing, HSBC Manuel Herrera, CEO, Banco Hipotecario Juan Mazzon, CFO, Banco Patagonia Alejandra Naughton, CFO, Grupo Supervielle Juan Nápoli, President, Banco de Valores Javier Popowsky, CFO, Banco Industrial Nicolás Bendersky, Corporate Bank Head for Argentina, Citibank Alejandro Garcia, Head of LatAm Financial Institutions, Fitch Ratings Eduardo S. Elsztain, President, Cresud / IRSA www.latinfinanceevents.com/Argentina.
Recommended publications
  • El Gabinete De Macri
    El Gabinete de Macri Equipo de trabajo: Ana Rameri Agustina Haimovich Alejandro Yoel Ventura Responsable General: Ana Rameri Coordinación: Claudio Lozano Tomás Raffo Diciembre 2015 1 El gabinete de Macri es la muestra más evidente del desembarco del gran empresariado en el gobierno. Si bien actualmente existe discusión en torno al tipo de vínculo que debe establecerse entre los funcionarios del Estado con el sector empresario para favorecer un sendero de desarrollo, hay un consenso bastante amplio acerca de los riesgos que para el desarrollo económico, para la inclusión social y para la democratización de la vida política que implica la colonización por parte de las fracciones del capital concentrado del aparato estatal. La historia argentina tiene pruebas suficientes acerca de la existencia de estos nexos estrechos y las implicancias nocivas que tienen para el desarrollo y el bienestar del pueblo. El enraizamiento del sector privado sobe el aparato del Estado tiene un denominador común que atraviesa históricamente los distintos ciclos de acumulación y que se trata del afán de la burguesía local por la obtención de rentas de privilegio, (muy alejadas de lo que en la literatura económica se conoce como las rentas tecnológicas schumpeterianas de carácter transitorias), y más asociadas al carácter parasitario de corporaciones empresarias que se expanden al calor de los recursos públicos y la protección del estado. Los aceitados vínculos entre las fracciones concentradas del capital y los militares del último gobierno de facto posibilitaron el surgimiento de lo que se conoció como la “Patria Contratista” que derivó en espacios privilegiados para la acumulación de capital.
    [Show full text]
  • OECD, "Seminar on Capital Movements Agenda,"
    PROGRAMME SEMINAR ON OPEN AND ORDERLY CAPITAL MOVEMENTS Does global co-operation matter? 25 October 2016, OECD, Paris Organised by the OECD in co-operation with Germany (Federal Ministry of Finance) as the upcoming G20 Presidency Open and orderly capital movements: does global co-operation matter? An open, transparent and orderly global system of capital flows underpins global growth and stability. In light of the increasingly interconnected global economy, faced with episodes of heightened capital flows volatility, significant value is attached to credible commitment mechanisms to rules-based and co-operative approaches to capital flows that send a positive signal of a predictable policy agenda. This type of framework will help countries maintain markets’ confidence and continue to attract the long-term, high-quality capital needed to support inclusive growth and sustainable development. The OECD Code of Liberalisation of Capital Movements (the Code) provides such a framework. As an instrument that encourages co-operation, it has provided a tried and tested process for global dialogue for over 50 years. The Code is used by the 35 OECD countries, including emerging economies, as well as by non-OECD countries. Four non-OECD countries have applied for adherence since it was opened to all in 2012. It is a living instrument adaptable to countries at different levels of development, through built-in flexibility clauses that allow temporary suspension of liberalisation commitments in times of economic and financial disturbance. Over time, Adherents have developed a body of well-established jurisprudence on the implementation of the Code’s rights and obligations and the conformity of individual country measures.
    [Show full text]
  • II Hemispheric Conference on Inland Ports, Waterways, and Dredging: Inland Transport As an Engine for Competitiveness
    II Hemispheric Conference on Inland Ports, Waterways, and Dredging: Inland Transport as an Engine for Competitiveness HOTEL PANAMERICANO, BUENOS AIRES, ARGENTINA May 17-19, 2017 DRAFT AGENDA Tuesday, May 16 20:00 - 22:00 Welcome Cocktail / Presentation of the Plan of the Port of Buenos Aires Jorge Metz, Under-Secretary of Ports and Waterways, Under-Secretariat of Ports and Waterways of Argentina Gonzalo Mórtola, Port Controller, General Administration of Ports, Buenos Aires, Argentina Wednesday, May 17 8:00 - 9:00 Registration 9:00 – 9:45 Inauguration (to be confirmed according to protocol) Guillermo Ruiz de Teresa, Coordinator General of Ports, Secretariat of Communications and Transportation (SCT) of Mexico, and Chair of the Executive Board of the Inter-American Committee on Ports Jorge Metz, Under-Secretary of Ports and Waterways, Under-Secretariat of Ports and Waterways (SSPYVN), Argentina, and Chair of the Technical Advisory Group (TAG) on Tourism, Inland Ports and Waterways, Ship Services and Navigation Safety Guillermo Dietrich, Minister, Ministry of Transportation, Argentina 9:45 – 10:15 Keynote Speech: Connectivity through Waterways for Increased Competitiveness Guillermo Ruiz de Teresa, Coordinator General of Ports, Secretariat of Communications and Transportation (SCT) of Mexico 10:15 - 10:45 Coffee Break / Official Group Picture 10:45 – 12:00 Facilitation of Intra-regional Trade through Waterways Moderator: CIP Secretariat Gonzalo Mórtola, Port Controller, General Administration of Ports, Buenos Aires, Argentina Kevin
    [Show full text]
  • POLITICAL CLIMATE REPORT Prior to the Prior to to Assuage the Uncertainty That Has Been Plaguing the Argentine Economy Since April This Year
    CONTACT INFORMATION POLITICAL & REGULATORY RISKS [email protected] Juan Cruz Díaz [email protected] www.cefeidas.com Madeleine Elder +54 (11) 5238 0991 (ARG) [email protected] +1 (646) 233 3204 (USA) Megan Cook Torre Bellini [email protected] Esmeralda 950 Sergio Espinosa Ciudad Autónoma de Buenos Aires [email protected] (C1007ABL) República Argentina Political Climate Report - ARGENTINA September 28, 2018 POLITICAL CLIMATE REPORT IN THIS ISSUE The Macri administration is looking to restore confidence in the markets Page 3 following weeks of economic turmoil. A modified agreement between Government reduces cabinet ministries Argentina and the International Monetary Fund, changes in central bank in effort to show austerity strategy and the ongoing debate to finalize the 2019 budget may prove Page 5 pivotal to stabilize the local economy. With brewing social unrest, Unions hold fourth general strike ongoing corruption investigations into the previous administrations and Page 6 Macri’s announced bid for reelection in 2019, the government will have Carlos Rosenkrantz named new to perform a delicate balancing act between mitigating short-term president of the Supreme Court unrest and achieving longer-term objectives. Page 7 More chapters in the notebooks scandal Tying it all together: the IMF agreement, central bank Page 8 changes, and the 2019 budget G20 watch In late August and early September, the Macri administration scrambled to respond to a fresh plunge in the already-depreciated Argentine peso (relative to the U.S. dollar). The crisis culminated in a series of measures taken by the government to reassure investors and restore confidence in the markets, including renegotiating the USD 50 billion stand-by agreement with the International Monetary Fund (IMF), tightening 2019 budget and cutting the number of ministries.
    [Show full text]
  • Centro Estratégico Latinoamericano De Geopolítica Informe Apuntes
    Centro Estratégico Latinoamericano de Geopolítica Informe Apuntes sobre el gabinete económico de Mauricio Macri Por Agustín Lewit y Silvina M. Romano Tal como se esperaba, el gabinete de ministros que acompañará a Mauricio Macri en su presidencia tiene una fuerte impronta neoliberal, pro-mercado y empresarial. Previo a la asunción formal, varios de los ministros realizaron acciones que preanuncian lo que será el rumbo económico del gobierno entrante. Al respecto, alcanza con mencionar tres de ellas: 1) La conversación que mantuvo el flamante ministro de Hacienda argentino, Alfonso Prat-Gay, con el secretario del Tesoro estadounidense, Jacob Lew, al cual le adelantó las líneas macroeconómicas del futuro gobierno, antes de que el mismo las haga explícita en el propio país; 2) la reunión del flamante secretario de Finanzas de Argentina, Luis Caputo, con representantes de los fondos buitre para avanzar en un posible acuerdo entre las partes; y, 3) los anuncios de la flamante canciller argentina, Susana Malcorra respecto a que “el ALCA no es una mala palabra”, haciendo alusión a la posible futura firma de un TLC con EEUU. En líneas generales, una devaluación de la moneda, sumada a una mayor apertura comercial y a la toma de deuda son las coordenadas que marcarán el nuevo rumbo económico del país. Vale la pena recordar que la devaluación implica, básicamente, la licuación de los ingresos de los asalariados y una transferencia de riqueza hacia los sectores con capacidad para dolarizar sus activos, generalmente grande firmas locales y multinacionales. Esto ayuda a comprender en buena medida el grupo de gente seleccionada para los ministerios.
    [Show full text]
  • Boletin Observatorio Trabajo Y Ddhh 1.Indd
    Trabajo y Derechos Humanos / Número 1 / Marzo 2016 / 3 Trabajo y Derechos Humanos / Número 1 / Marzo 2016 / 4 Trabajo y Derechos Humanos Publicación del Observatorio de Trabajo y Derechos Humanos Facultad de Ciencias Sociales - Universidad de Buenos Aires Año 1 - Número 1 - Marzo 2016 Trabajo y Derechos Humanos / Número 1 / Marzo 2016 / 5 Trabajo y Derechos Humanos Publicación del Observatorio de Trabajo y Derechos Humanos Facultad de Ciencias Sociales - Universidad de Buenos Aires Año 1 - Número 1 - Marzo 2016 STAFF Director: Daniel Cieza Comité de Redacción: Daniel Giorgeƫ , Herbert Pineda, Walter Bosisio, Emiliano AgosƟ no y Verónica Beyreuther. Consejo Asesor: Ramón Torres Molina (Universidad Nacional de La Plata), Rogelio Mendoza Molina (Universidad Autónoma Metropolitana, Azcapozalco, México), José Miguel Candia (Universidad Nacional Autonónoma de México), Julio Gaitán Bohorquez (Universidad del Rosario, Colombia), Patrick Staelens (Universidad de Perpignan, Francia), Anders Neergard (Universidad de Lincoping, Suecia), Juan Montes Cató (Universidad de Buenos Aires, CONICET), Octavio Maza Diaz Cortes (Universidad Autónoma de Aguascalientes, México), Virgilio Acuña Peralta (Universidad de Lambayeque, Perú). Edición y diseño: Florencia Lance Corrección: Herberth Pineda M. T. de Alvear 2230, ofi cina 208, CABA, (C1122AAJ) ArgenƟ na [email protected] ISSN: 2469-1542 Se terminó de imprimir en MulƟ graphic a los 15 días del mes de marzo de 2016. Los arơ culos fi rmados expresan la opinión de los autores y no refl ejan necesariamente
    [Show full text]
  • New IMF Program, New BCRA Governor, New Policies
    27 Sep 2018 Research Briefing | Argentina New IMF program, new BCRA governor, new policies Economist Argentina and the IMF have agreed on a new, revised stand-by arrangement Carlos de Sousa increasing the size of the program from $50bn to $57.1bn. More importantly, the revised program secures the government’s financing needs through 2019, as Senior Economist $51.2bn of the $57.1bn will be made available by end-2019. Thus, Argentina +44(0)20 3910 8016 should not need to tap global markets until 2020. The inflation targeting framework will be replaced by a target of 0% base money growth until June 2019. The BCRA will have to let the markets set the 7-day Leliq rate as high as necessary to achieve this goal. The new policy stance is much more contractionary than the previous one, which let the monetary base to increase by 5.4% m/m on average in the last three months. The BCRA has also introduced a set of moving bands on its floating exchange rate regime and will only intervene when the peso exceeds a wide 34-44/$1 range. FX interventions will be limited to just $150mn per day, but as monetary aggregates contract in real terms and domestic demand falters due to the ongoing recession, the local demand for FX will eventually decline. An appreciation to the lower band is not implausible. Yesterday, 26 September, Argentina and the IMF announced their much anticipated The revised IMF revised stand-by arrangement. The new program increases the total available funds from program is sufficient $50bn to $57.1bn, slightly larger than the $53-55bn that had been expected.
    [Show full text]
  • Political Climate Report
    CONTACT INFORMATION POLITICAL & REGULATORY RISKS [email protected] Juan Cruz Díaz [email protected] www.cefeidas.com Heidi Lough +54 (11) 5238 0991 (ARG) [email protected] +1 (646) 233 3204 (USA) Madeleine Elder Suipacha 1322 - PB “A” [email protected] Ciudad Autónoma de Buenos Aires Megan Cook (C1011ACD) [email protected] República Argentina Tattie Knutson [email protected] Political Climate Report - ARGENTINA February 7, 2017 POLITICAL CLIMATE REPORT IN THIS ISSUE The government made a dynamic start to the year, defining a clear Page 2 set of goals for 2017 and making changes to key posts. It is betting that high public works spending will generate an economic Other changes to key government posts recovery and increase its electoral chances in the upcoming midterms, although inflation and securing foreign investment will Successful tax amnesty draws billions out of hiding continue to be major challenges. Moreover, as the elections approach, opposition actors will begin to more actively resist the Page 3 government’s agenda, hinted at in recent weeks by a deterioration Dujovne’s debut in relations with powerful labor unions. When Congress resumes Ruling by decree sessions, this will likely be reflected in increased reluctance to back government-led legislation. However, the government’s position is Page 4 stable enough to ensure that even a difficult year would not Challenges in the year ahead seriously threaten governability. Will Trump’s policies sour Argentine-US ties? Prat-Gay departs in shake-up ahead of New Year Page 5 The resignation of Treasury and Finance Minister Alfonso Prat-Gay Collective bargaining season looms in a day after Christmas was the first major change to President key test for gov’t Mauricio Macri’s cabinet since he took office a little more than a Page 6 year ago.
    [Show full text]
  • Argentina Rising
    AN ADVERTISING SUPPLEMENT TO THE WASHINGTON POST #Argentina #TheWorldfolio Friday, April 28, 2017 01 ARGENTINA RISING President Mauricio Macri’s message of integration with the international community has drawn the praise of foreign investors and world leaders. Will it be enough to break with historical trends at home and establish long-term, inclusive growth? A century ago, Argentina was “Our society looks at our one of the world’s ten wealthiest nations, as the grand buildings past of cyclical crises and towering over the streets of Bue- at the examples of coun- nos Aires attest. From the ornate tries that have been able Teatro Colón from 1908, one of to develop sustainably and the world’s finest opera houses, to the French-style Retiro railway sees that we can achieve station from 1915, the city’s ar- much more if we come chitecture speaks to the glory of together and try to imple- this once-eminent nation. But as ment not only economic a result of economic mismanage- ment by successive governments, and political change, but Argentina is no longer synonymous also changes in values” with prosperity, and instead has seen its reputation damaged by MAURICIO MACRI, the hyperinflation of 1989-90, the economic meltdown of 2001 and President of Argentina its run on banks, to its headline- grabbing loan default in 2014 with a group of holdout bondholders. notion of being integrated to the From the local and international world in terms of investment, investment outlook, however, it trade, technology and ideas has seems as if better days are on the to be reinforced by every area in way.
    [Show full text]
  • 14Th Latin American Infrastructure Leadership Forum
    Strategic Projects 14th Latin American Infrastructure Leadership Forum CG/LAINFRASTRUCTURE Creating a New Growth June 8th–10th, 2016 Buenos Aires, Argentina Paradigm for Latin America Alvear palace hotel Forum partners project of the year awards platinum gold silver supporting media Connecting you to a world of business opportunities We have translation services and the program will be in Spanish and English simultaneously. Agenda Wednesday // June 8, 2016 LOCATION: ALVEAR PALACE HOTEL | BUENOS AIRES, ARGENTINA day 1 a new growth paradigm for Latin America Latin America must initiate a robust program of strategic infrastructure project development and create a dialogue for each country, and the region, that identifies and prioritizes the right projects, gets citizens involved in all aspects of the project development phase, and thereby builds a sustainable investment initiative that produces growth and opportunity for everyone. This involves strengthening public institutions, while providing an expanded role for private sector energy and creativity. Getting this right - building a strong foundation through initial success - gives citizens confidence in a better future, because it generates significant GDP growth. The Leadership Forum is a business development event focused on identifying the themes, bringing the right people together, and hosting the right owner/operators. CG/LA’s 14th Latin American Infrastructure Leadership Forum is built on the 2016 Strategic 100 Latin America Infrastructure Report. This year, we are delighted to be
    [Show full text]
  • Compilado Y Seguimiento De Las Principales Medidas Y Políticas Públicas Aplicadas, O Anunciadas, Por El Gobierno De La República Argentina Durante El Año 2017
    Compilado y seguimiento de las principales medidas y políticas públicas aplicadas, o anunciadas, por el Gobierno de la República Argentina durante el año 2017. Datos actualizados al 31 de diciembre de 2017 Seguimiento realizado por el equipo de Asesoría Parlamentaria en coordinación con el equipo de Prensa y Comunicación de la Fundación Nuevas Generaciones Se encuentra permitido su uso y difusión citando la fuente. FUNDACION NUEVAS GENERACIONES Beruti 2480 (C1117AAD) Ciudad Autónoma de Buenos Aires (Argentina) Tel: (+54) (11) 4822-7721 [email protected] www.nuevasgeneraciones.com.ar Edición 2016: Encuentre aquí la anterior edición con todas las medidas de 2016. Compilado y seguimiento de las principales medidas y políticas públicas aplicadas por el Gobierno de la República Argentina durante el año 2017. Contenido 1 Reforma del Estado ......................................................................................................... 12 1.1 El Presidente Macri designó a los ministros Dujovne y Caputo .................................... 12 1.2 Cambios en el gabinete ................................................................................................... 12 1.3 Nuevos ministros en el gabinete ..................................................................................... 12 1.4 El Gobierno designó al nuevo director del Banco Central ............................................. 12 1.5 El Gobierno finalizó la intervención de Enargas ............................................................ 13 1.6
    [Show full text]
  • BACK in VOGUE? PAGE 19 ARGENTINA JANUARY 2017 Acknowledgements
    MACRI’S ARGENTINA: FROM PARIAH TO POSTER CHILD page 20 ENERGY INFRASTRUCTURE CONSTRUCTION: A HIGH-STAKES GAME page 25 EXCLUSIVE INTERVIEW WITH SENATOR GUILLERMO JUAN PEREYRA page 14 RED TAPE TO RED CARPET page 12 BACK IN VOGUE? PAGE 19 ARGENTINA JANUARY 2017 Acknowledgements Energy Boardroom would like to thank: Guillermo Juan Pereyra, National Senator, Neuquen Province; President, Mining, Energy & Fuels Commission (Senate Chamber); General Secretary, Rio Negro, Neuquén & La Pampa Oil & Gas Union Omar Gutierrez, Governor of Neuquén Richard Spies, CEO, Pan-American Energy (PAE) Adrian Mascheroni, General Manager, AESA Marcelo Carro, Commercial Manager, Rovella Caranza Adolfo Sanchez Zinny, CEO, Bolland ARGENTINA OIL & GAS A New Dawn Feature 12 CONTENTS January — 2017 2 ACKNOWLEDGEMENTS 5 PREFACE 6 SNAPSHOT IN FIGURES Balancing Jobs: Keeping the Plates 10 UNLOCKING UNCONVENTIONALS INTERVIEW Spinning Omar Gutierrez, Governor of Neuquén Province Exclusive Interview with Guillermo Juan 12 A NEW DAWN FEATURE Attracting the Global Elite Pereyra 14 14 BALANCING JOBS INTERVIEW Guillermo Juan Pereyra, National Senator, Neuquen Province; Mining, Energy & Fuels Commission (Senate Chamber); Rio Negro, Neuquén & La Pampa Oil & Gas Union 16 INVESTING IN ARGENTINA INTERVIEW Andrés Ondarra, Invest Argentina 19 BACK IN VOGUE? COVER STORY 20 From Pariah to Poster Child Back in Vogue? Cover Story 21 Putting Out the Welcome Mat 19 22 Neuquén’s Vaca Muerta: Valley of Dreams... 24 ...And Disillusionment 25 Energy Infrastructute Construction: a High-stakes Game
    [Show full text]