October 30, 2014
CFK announces incentive package to reactivate economy, relaunches CEDIN
President Cristina Fernández de Kirchner addressed the nation today in a televised message in which the head of state announced a key incentive package to reactivate economy, putting the Industry and Labour offices and the Central Bank in the spotlight.
CFK announced labour meassures that seek to improve the REPRO program, in a move to avoid layoffs at companies that receive state funds.
The President also relaunched the CEDIN trade bonds, that allow holders to purchase property and use it as an alternative method to paying with US dollars in order to acquire real estate assets, or any other transaction, as long as both parties involved in the transaction agree.
"We had complaints some bankers were not collaborating with the program. We are hopeful [head of the Central Bank Juan Carlos] Fábrega will settle this in a meeting with bank representatives," Fernández de Kirchner said.
Finally, CFK announced the renewal of short-distance bus fleets, to complement the meassures taken to update the national rail system. "16 million people will benefit from this meassure," she said.
"These countercyclical meassures will help the economy. We need to boost production and consumption. If you think you will save your job by buying dollars, you are wrong," the President concluded.
Cabinet Chief Jorge Capitanich, head of the Central Bank Juan Carlos Fábrega, Economy Minister Axel Kicillof, Industry Minister Débora Giorgi and Labour Minister Carlos Tomada joined Cristina Fernández during today’s address.