Within the framework of Davos International Forum The Government delegation, headed by JAvier Milei and Luis Caputo will share panels and meetings with representatives of the IMF and the multinationals with the largest amount of business around the globe.. The president will see Kristalina Georgieva on Wednesday when she finishes her speech at the event. In the midst of a critical economic and social situation, with inflation out of control and poverty increasing day by day, The ruling party defined traveling to Switzerland as a priority to deepen ties with the most concentrated capital leaders..
The objective for the Government is to cget dollars no matter the cost. Looking for finish closing the new agreement with the IMF to receive US$ 4.7 billion and thus avoid having to use the reduced reserves of the Central Bank to pay the maturities of the coming months with the Fund. They will recommit to Georgieva to raise electricity and gas rates, make adjustments to retirees and public employees, deliver benefits to monopolies, and make progress in the privatization process.
Milei and her entourage’s agenda will include meetings with bankers, tycoons and managers of international corporations. Meetings such as the one planned with the CEO of the mining company Glencore, the president of the exporting octopus LDC, Margarita Louis-Dreyfus, the vice president of International Public Policies of Amazon, the President of International Human Health of MSD Merck and the president of BTG Bank. Milei is also expected to maintain contacts with his French counterpart, Emmanuel Macronand that of Germany, Olaf Scholz.
Caputo’s meetings in the European city will begin on Tuesday afternoon when he will accompany the President and the Chief of Staff, Nicolás Posse, in the meeting with Georgieva. But although it may sound ironic, the minister will participate on Thursday in a panel on “Prevention of economic fractures” to be moderated by Kristalina Georgieva (one of those responsible for the crisis of the Macri government, with the president of the institution that caused economic crises in dependent countries). The Minister of Economy aims to meet the new fiscal deficit and reserve accumulation goals agreed with the Monetary Fund that will confront the country with situations with at least a high risk of collapse.
Talks and coffees to try to sustain capitalist domination throughout the planet
The World Economic Forum has brought together heads of state, political leaders, businesses, civil society and media from around the world annually since 1974 in the Swiss city of Davos. Currently, the entity has the support of 850 large member companies. In this edition Milei will share the stage with Antony Blinken, the North American Secretary of State, Volodimir Zelensky, President of Ukraine, Antonio Guterres, Secretary General of the UN, among others.
The non-governmental organization Oxfam -which presents a report to the Forum every year- marked how inequality in the world took a leap of great proportions since The combined wealth of the five richest men in the world has doubled in the last 4 years. Elon Musk (X, former Twitter), Bernard Arnault (and his family/French businessman in the luxury goods sector), Jeff Bezos (Amazon), Larry Ellison (from the software sector) and Warren Buffet (American investor) have gone from accumulate from $405 billion to $869 billion – an increase of $14 million per hour.
Milei has been proposing “a stronger adjustment than that requested by the IMF” to pay the debt and respond to the interests of big capital. Redoubling the commitment of the previous governments (that of Macri and that of Alberto Fernández, Cristina Kirchner and Sergio Massa) that never stopped placing themselves under the guidelines of the Fund. In just one month of administration, the consequences of his economic shock measures skyrocketed prices, taking them to alarming levels. Nothing good will come from strengthening its ties with big international capital.