There is an only manner to exhibit viability for a banker, to demonstrate him that the debtor will have payment capacity in the future. The main objective of a banker’s forecast is to determine in the long term the consequences from the present plan action and then to provide alternatives to support a consistent and sustainable plan. It’s clear so that a long-term financial plan is subordinated to the integral plan of country’s transactions. In fact, this is the most frequent case of any corporation to get suitable financing. A strategy and an integral action plan. When the financial performance begins with conflict so many times, it ends up affecting economic situation as in companies. This has been happening in
Finally, satisfaction of the bonds holder will depend on future growth rates of the issued country. It is difficult to determine forecast accurately, but without a doubt it is more interesting and maintainable to do it with a plan that adds a new factor of growth. This is only possible to get it with a marginal factor; a "boom of exports".
Change of Expectations: Good news. It shines essential to make high proposals allow re-positioning international expectations and they anticipate a reversion in economy cycles. Fundamentals, country risk index, stock exchange Index, the asset value models, etc.; they do not always agree with the reality. Sometimes they are exorbitantly high, other very paltry low. - What would it have to happen so that the indicators, which anticipate the things, abruptly change in
There are sufficient international and domestic threats to
Today, the size of the Argentine companies does not present advantages to face anything in solitary way. We do not have volumes. It does not exist vocation neither preparation for exporting. This is incompatible with the high necessity to generate foreign currencies and employment. We have an enormous ignorance about exports markets.
During the last twenty-five years we have been private of budget support for fostering promotion. From the Financial Reformation of 1977 that eliminated the promotional credits for the manufacturing exports, getting new markets, sales of plants with vacant possession, etc.
We have seen frustrating experiences of exporting partnerships between national colleagues, due to the individualistic culture and the lack of capital in producers´ associations.
By virtue of the harmony that would have to reign in a local partnership between pairs, it would be necessary the partners were free of rivalries and disputes.
What will we say in conferences in a couple of years? – How will we be able to maintain the fact of not innovating, having reached bad results?