The following text sets the context in which the briefing was given.
The inauguration of Mauricio Macri as Argentina’s president in December 2015 marked the first time in decades that the South American giant has elected a leader who genuinely believes in a market-oriented economy.
In the wake of this sea change, the opportunities for international investors are both large and varied. Moving away from the protectionist policies of the Kirchner administration, all sectors will now have to adjust to a more open and less regulated economy.
At the same time, Argentinian companies will face domestic and world-class foreign competition both at home and abroad.
These changes will force them to seek foreign partners that can provide them with capital and technology. In addition, the government will call for bids on large infrastructure projects and services, and international players will be warmly welcomed.
Argentina’s assets are still relatively inexpensive compared with those of its South American neighbours. Investors should remember that ‘the early bird catches the worm’ because this will change as foreign investment accelerates and Argentinian funds are repatriated back home.
Speaker: Carlos Regúnaga is an Argentinian lawyer and Menas Associates’ lead Argentina expert. He has undertaken research and held academic posts at universities including: the Universidad de Buenos Aires; New York University; Princeton University; Universidad de Belgrano; and the Lutheran University of Brazil.
Regúnaga has served in public office as Chief of the Cabinet of Advisors to the Secretary of Commerce. He was previously president at Digital Angel S. A, before which he was a legal advisor and board member of several corporations belonging to the Bridas Group.
He is currently director of the Argentina office of the Center for Strategic & International Studies; a consultant at the Consejo Argentino para las Relaciones Internacionales; and director of International, Scientific, and Cultural Integration Studies of the Amílcar Argüelles Institute of the National Academy of Sciences of Buenos Aires.