Argentina’s “Great North” governors to meet

The Argentinian governors of the ten “Great North” provinces will meet today to discuss proposals on a number of energy and mining issues.

The provincial leaders will promote a common work agenda, emphasising federal policies for productive development—such as the energy and mining sectors—and strategic development in the northern region. Governors will also raise a list of claims and proposals to reactivate the economy in the wake of a serious national downturn that preceded the COVID-19 pandemic.

Regarding energy, governors will ask to apply a flat gas rate throughout Argentina. Domestic production still has not fully recovered from the 2020 decline. With the Plan Gas 2020-2024, the central government intends to increase energy supply in the next four years, reduce imports and increase investments.

While President Alberto Fernandez will not attend the meeting, expect the governors to demand a more equitable distribution of resources in terms of fuel prices. Great North provinces will seek asymmetries in relation to other regions of the country to boost economic, social and productive development. The government will likely agree to promote stimulus programs including a federal energy policy with gas subsidies and compensatory energy mechanisms during certain times of the year. Also expect it to attempt to strengthen and promote the growth of the business sector, benefiting economic reactivation.

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