This policy memo discusses the trade and finance position of Argentina, including its declining financial position and positive trade balance. It also explores what Argentina might be seeking in the G20 dialogue, such as infrastructure development and providing skills and tools for job seekers.
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POLICY MEMO FOR ARGENTINA G20
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TRADE POSITION OF ARGENTINA As of 2017, Argentina world ranking with regards to import is 44 and export is 47 The rank of Argentina’s trade balance is 99 in the world. During the past five years, the total exports of Argentina declined at yearly rate of around -7% that is from $83.9B in the year 2011 to $59B in the year 2016 the total imports of this country have declined at yearly rate of around -4.7% during the past five years that is from $72.4B in 2011 to $55.8B in the year 2016 Argentina has been experiencing positive trade balance of around $3.21 B in the net exports
FINANCE POSITION OF ARGENTINA Over the last few years, the financial position of Argentina has declined. The depreciation has made this nation’s dollar debts highly expensive for government. The central bank of this nation responded rise in inflation by hikinginterestratesandsellingdollarsintheforeign currency reserves of protecting peso. Argentinahasbeenadoptingfinancialpolicyforreturning back to good financial position. Thisattemptwillnotonlyseektoimprovetheirfinance position but also enhance economy’s growth.
WHAT ARGENTINA WILL BE SEEKING IN G20 DIALOGUE Argentinamightbeseekingtofocusoninfrastructureor development,futureofworkandsustainablefoodfuturefor further development of economy. Argentinamightbeseekingtoprovideskillsandtoolstothe people searching for jobs and specially those whose jobs are at high risk ThepolicymakersofArgentinawillseekindeveloping infrastructure as asset class by addressing data gaps on financial performance,improvingprojectpreparationandimproving instruments Argentina will also seek in building valuable legacy of previous presidencies around wide array of problems