Argentina making strides in opening up its economy to foreign investment

Source: Daily Times
By: Web Desk

BUENOS AIRES: Argentina is making strides in opening up its economy to foreign investment after years of hostility to free enterprise but still has a way to go to catch up to some of its market friendlier neighbors, investors say.

Foreign investment is crucial to President Mauricio Macri’s efforts to remake Argentina’s economy along less statist and more entrepreneurial lines and rekindle growth, especially as many domestic companies have hesitated to deploy their cash despite expressions of support for his agenda.

Macri told a Reuters Summit event on Argentina this week that progress is being made, pointing to multinationals that he said were kicking off capital spending plans after economic uncertainty during the presidency of Cristina Fernandez.


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