The Central Bank of Argentina released a 25 September presentation by vice president Vladimir Werning at the ALAMI International Health Congress in Buenos Aires, arguing that macroeconomic stability creates the conditions for improved health and quality of life. Using a medical metaphor, the talk framed Argentina’s “chronic disease” as the inflation tax and its visible symptom as low domestic saving, traced the root cause to the fiscal deficit with public spending as a key risk factor, and described 2023 as an “alarming diagnosis” of hyperinflation risk followed by “intensive care” in 2024 focused on recapitalising the central bank. The presentation also described a “surgical intervention” via fiscal and monetary tightening alongside “appropriate medication” in the form of social spending, pointed to lower inflation as a sign of stabilisation, and set out a “rehabilitation protocol” of building reserves and reducing debt. It characterised the recovery as involving credit “crowding in”, while noting elections and high interest rates as a temporary scar, and looked ahead to support from the US Treasury and renewed market access for the Treasury as factors that would help consolidate stability.
Central Bank of Argentina 2025-09-26
Central Bank of Argentina vice president Vladimir Werning links economic stability to better health in ALAMI congress speech
At the ALAMI International Health Congress, Argentina's Central Bank vice president, Vladimir Werning, stressed macroeconomic stability as crucial for better health and quality of life. He cited fiscal deficit and public spending as inflation risks, labeling 2023 a hyperinflation risk and 2024 a period of fiscal and monetary tightening. The presentation noted lower inflation, reserve building, and debt reduction as stabilization signs, with future support anticipated from the US Treasury and renewed market access.