Argentina: waited 12 years to be a “normal country”, welcome to the world stage


By: Aldo Leporati
4/07/2017

The country is hosting its first major global event this week after 12 years of populist rule crippled the economy. The World Economic Forum's Latin America summit started in Buenos Aires with more than 1,000 participants from 65 countries, 600 business leaders, 40 ministers and 3 heads of state, among others. It's the first of a slew of high stakes international events coming to Argentina's capital. Next year, Argentina will hold the G20 summit, which Germany is hosting this year. And before that, in December, the World Trade Organization hosts a summit. Other international organizations too have forums lined up in Buenos Aires, long known as the "Paris of South America."

The president emphasized: "It is clear that what we began 15 months ago in our country is much more profound than economic change. It is a cultural change, based on a learning of years that led by wrong paths and surely values that did not represent the essence of the Argentineans." In the "Mini Davos" he pointed out that "in Argentina we had lost the dialogue during 12 years". Macri also said that "the business community has a fundamental role" but that "growth has many more possibilities if it is not based on prebends, today we are imposing clear rules of the game." And it was clear to investors "You are at the right time and place".

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