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Argentina’s New Economy Minister Readies Plan to Boost Dollar Revenue

  • Economy chief Sergio Massa expected to announce team Monday
  • He plans to travel to Washington for talks with IMF in August
Sergio Massa, center, speaks during an election night rally at the Frente de Todos party headquarters in Buenos Aires in 2021. 
Sergio Massa, center, speaks during an election night rally at the Frente de Todos party headquarters in Buenos Aires in 2021. Photographer: Erica Canepa/Bloomberg
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New Economy Minister Sergio Massa is preparing a set of measures to address one of Argentina’s key problems: a chronic shortage of dollars that has caused the US currency to soar in parallel exchange markets.

Massa, who was named by President Alberto Fernandez last week as the head of an expanded and empowered economy ministry, is expected to unveil incentives to exporters as well as policies to attract more foreign investment and to capture additional tourism revenue, according to people with knowledge of the plan.