Argentina: High Hopes on an IMF Program, But the Task Ain’t Easy

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• The Government was successful in lowering the FX spread from a peak of nearly 150% in mid-October to 85% by early November. To do this, it relied on selling dollar bonds at 16-17% yields as well as auctioning dollar-linked instruments to provide devaluation coverage. The government also made a twist to more orthodox policies, indicating it will cut social spending including pensions. In the last days, the parallel dollar heated up again, jumping above 160 ARS, with a spread above 100%. • Increased restrictions on imports and a calmer FX markets allowed the Central Bank to buy ba
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ARGENTINA: A Peculiar Orthodox Approach

( 4 mins read ) The Government panicked when the dollar peaked at ARS 195, and it took a small but noticeable turn toward orthodoxy in the last 3 weeks, as we have reported in previous editions. From a quality

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Argentina: An Opportunity for a Consistent Plan

( 17 mins read ) Editorial: An Opportunity for a Consistent Plan The IMF mission that will begin negotiations for a program with Argentina is arriving today. This is the next milestone in the economic agenda. The Government was not

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ARGENTINA: The Week at a Glance

( < 1 min read ) Register for FREE or log in to read the rest of this report. Members loginUsername or E-mail* Password* Only fill in if you are not human Keep me signed in Register Forgot your password? Related

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Argentina: Too Little, Too Late

( 15 mins read ) Press play to listen Editorial The Central Bank has changed the game. For the first time in a long time, it decided to devalue faster and timidly change the interest rate structure. It left the

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ARGENTINA: The Week at a Glance

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Argentina Economy: The Week at a Glance

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ARGENTINA: The Week at a Glance

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