Serge Massa assumed this Wednesday as the new Minister of Economy of the Nation in a climate of uncertainty and expectations before the announcements that it will make, in what is the great opportunity of the Front of All to redirect the Government.

Yesterday, the former president of the Chamber of Deputies said goodbye to the legislature, urging everyone to “have humility, tolerance, capacity and courage to build consensus and state policies.” And the day before, he had received the support of the vice president, Cristina Fernández de Kirchner, who received him in her office in the Senate and published a photo of that meeting.

Expectations before the new cabinet

The changes in the cabinet revived the management and generated good expectations in the markets, which await the new minister’s speech to learn more details about the direction the economy will take with his arrival.

For this, the results that Massa obtains in the short term will be decisive. For this reason, he already has a first international tour scheduled for the end of this month in which he will meet with the authorities of the International Monetary Fund (IMF) and the Treasury Department in Washington; with investors and bondholders on Wall Street; and also, with the Paris Club.

Raúl Rigo, Secretary of the Treasury

The first confirmation came in the position of Treasury, with the name Raúl Rigo, a benchmark for Peronism, who participated in the economic team during the government of Néstor Kirchner and was part of the management of Martín Guzmán. Rigorous with public spending, Rigo is expected to order the public accounts, accumulate reserves and guarantee a fiscal balance.

Juan José Bahillo, Secretary of Agriculture, Livestock and Fisheries

Bahillo was a national legislator and will now replace Julián Domínguez. He was also mayor of Gualeguaychú and Minister of Production, Tourism and Economic Development of Entre Ríos.

José Ignacio de Mendiguren, Secretary of Production

The former leader of the Argentine Industrial Union (UIA) and until now president of BICE -Investment and Foreign Trade Bank- was Minister of Production during the presidency of Eduardo Duhalde.

He is one of the economic leaders of the Renovador Front and was a deputy from 2013 until the beginning of the Fernández government, when he joined BICE.

Eduardo Setti, Finance Secretary

Eduardo Setti will be the Secretary of Finance and will be joined by Leandro Toriano, Natalia Capurso and Celeste Izquierdo on the team. Setti had been appointed to the same position by former Economy Minister Silvina Batakis. He previously worked in the Directorate of Operations of the Sustainability Guarantee Fund (FGS) of Anses.

Matías Tombolini, Secretary of Commerce

Matías Tombolini, an economist and leader of the Renovating Front, will assume a key position in controlling prices and curbing inflation. For the sector, the appointment of the former head of ArSat is well seen due to his career as an economist, so much so that the leaders of the main food companies hope to meet this week.

Marco Lavagna, at INDEC

Marco Lavagna will continue to head the National Institute of Statistics and Censuses (Indec), as announced by Massa, who clarified that in this management “statistics are a fundamental pillar for decision-making, they must be promoted and continue to ensure their rigor”.

Daniel Marx, Committee for Capital Market Development

Daniel Marx will integrate the committee for the development of the capital market and follow-up of the public debt. The objective is to strengthen reserves, ensure Treasury financing and promote the development of a national capital market. The specialist was leader of the debt negotiation within the Ministry of Economy in the last stretch of the Alfonsín government and the beginning of that of Carlos Menem.

Jorge Solmi, Federal Operational Coordination Unit

Jorge Solmi will go to the Federal Operational Coordination Unit. Solmi is a lawyer and has had a close relationship with Massa for years. He was Secretary of Agriculture with the former minister of the area, Luis Basterra, and then for three months with Domínguez.

Claudia Balestrini, Undersecretary of Public Revenue

He will occupy the Undersecretary of Public Revenues, a position that he already knew how to occupy in previous administrations.

Gabriel Delgado, Unit for the Opening of New Protein Markets

Gabriel Delgado will be in the Unit for the Opening of New Protein Markets, and will have the challenge of promoting and accompanying the development of one of the country’s economic engines.

Jorge Domper, at the General Treasury of the Nation

Jorge Domper will be in charge of the governing body of the state coffers that programs and manages the large financial flows of public funds.

In what position was Silvina Batakis

The outgoing Minister of Economy Silvina Batakis will assume as president of Banco Nación, after the offer made by President Alberto Fernández. Batakis had been appointed on July 3 in the economic portfolio, after the resignation of Martín Guzmán, for what will be her second change within the public administration in less than a month, after leaving, first, the Secretary of Provinces of the Ministry of Interior.