• Businessmen stand on the terrace of the Kirchner Cultural Center during a break at Argentina's Business and Investment Forum in Buenos Aires, Argentina, Tuesday, Sept. 13, 2016. Over 1,500 foreign and local business leaders are participating in the three-day forum organized by the government to invest in the country's frail economy. (AP Photo/Natacha Pisarenko)

    Businessmen stand on the terrace of the Kirchner Cultural Center during a break at Argentina's Business and Investment Forum in Buenos Aires, Argentina, Tuesday, Sept. 13, 2016. Over 1,500 foreign and local business leaders are participating in the ... three-day forum organized by the government to invest in the country's frail economy. (AP Photo/Natacha Pisarenko) (The Associated Press)

  • Businessmen check their phones during a break at Argentina's Business and Investment Forum in Buenos Aires, Argentina, Tuesday, Sept. 13, 2016. Over 1,500 foreign and local business leaders are participating in a three-day forum organized by the government to attract investment to the country's frail economy. (AP Photo/Natacha Pisarenko)

    Businessmen check their phones during a break at Argentina's Business and Investment Forum in Buenos Aires, Argentina, Tuesday, Sept. 13, 2016. Over 1,500 foreign and local business leaders are participating in a three-day forum organized by the ... government to attract investment to the country's frail economy. (AP Photo/Natacha Pisarenko) (The Associated Press)

  • Elite police stand on the roof of the Kirchner Cultural Center during Argentina's Business and Investment Forum in Buenos Aires, Argentina, Tuesday, Sept. 13, 2016. Over 1,500 foreign and local business leaders are participating in a three-day forum organized by the government to attract investment to the country's frail economy. (AP Photo/Natacha Pisarenko)

    Elite police stand on the roof of the Kirchner Cultural Center during Argentina's Business and Investment Forum in Buenos Aires, Argentina, Tuesday, Sept. 13, 2016. Over 1,500 foreign and local business leaders are participating in a three-day forum ... organized by the government to attract investment to the country's frail economy. (AP Photo/Natacha Pisarenko) (The Associated Press)

Argentina focuses on investment to jump-start weak economy

Markets Associated Press

Argentina's president is asking business leaders at a forum in Buenos Aires to invest in his country and help revive its struggling economy.

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Mauricio Macri has invited the CEOs of Coca-Cola, Siemens, Fiat and nearly 2,000 other foreign and local businesspeople to the three-day forum that he inaugurated Tuesday.

Macri took office in December promising to cut bloated spending, attract foreign investment and end economic distortions blamed for years of spiraling consumer prices. He has rolled back restrictions on buying dollars, taxes on exports and other protectionist measures.

Critics say his cuts to utilities subsidies and the firing of thousands of state workers have stoked unrest. Argentines continue to see their purchasing power erode amid one of the world's highest inflation rates.