The new policy framework and what can we expect

The new administration is moving very quickly to establish a new policy regime that addresses the main obstacles that have been affecting investing and growth. The overall approach implies a sea change relative to the recent policies adopted by the Kirchner administration, which led to a complex web of regulations and controls that in theory were aimed at protecting international reserves and at avoiding increases in prices. In practice, these policies did not succeed in achieving these objectives and instead led the economy into a long period of stagflation and deep balance of payments problems.