Our Americas director, Marcelo J. García, was quoted in Bloomberg today in an article about Argentinian President Javier Milei’s economic program is benefiting local investors to the detriment of foreign investors:
“With exchange controls, Argentina is like a closed pen for local investors”, says Marcelo Garcia, director for the Americas at Horizon Engage, a New York-based consultancy. The longer the administration maintains exchange controls, the “more advantage local investors will have.”
“Foreign investors see that they will not have the possibility to take their profits home and that is difficult to explain to the headquarters when they have to obtain a final investment decision,” Garcia said.
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