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Argentina | A Last-Minute Deal with the IMF

Editorial: A Last-Minute Deal with the IMF Finally, the famous “staff-level agreement” was closed and the IMF promises a disbursement of 7.5 billion dollars in August, an amount that will basically cover principal and interest payments until November. Although there is no cer…   Become a member to read the rest of this article Username […]

Argentina Averted the Chasm with the IMF Agreement

Argentina Averted the Chasm with the IMF Agreement, Though Fragility Is Still the Name of the Game The economic discussions have been dominated by the day-to-day developments in the negotiations between Argentina and the IMF. The other key piece of analysis is on the impact t…   Become a member to read the rest of […]

Argentina | Distortions Upon Distortions to Muddle Through

Editorial: Distortions Upon Distortions to Muddle Through The government continues negotiating with the IMF, but there is nothing concrete yet. Econviews’ thesis is that one way or another there will be an agreement such that at least the IMF disburses the outstanding 4 billi…   Become a member to read the rest of this article

Argentina: The FX Spread Widens and Messes (even more) The Economy

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The official exchange rate remains tamed. On average, the dollar rose 1% in October, 1.1% in September and 1% in August. Well below inflation, that averaged more than 3% per month. It is true that in the last week of October the exchange rate accelerated a little, but too little …   Become a member […]

Argentina: Orderly or Messy Adjustment?

When the legislative elections of November 14 pass, all eyes will return almost exclusively to the economy. Once the results are digested, the question will be how Argentina will resolve the many imbalances that are beginning to grow. They are, mainly, the fiscal issue, the monet…   Become a member to read the rest of […]

ARGENTINA: Gridlock likely and governability crisis possible after mid-terms

ARGENTINA: Gridlock likely and governability crisis possible after mid-terms | Speevr

The governing Front for All (FdT) coalition will struggle to avoid a damaging defeat in November’s partial mid-term elections. The government is hoping to limit its losses with unabashed clientelism, but FdT power struggles and highly problematic economic conditions milita…   Become a member to read the rest of this article

Argentina: New “Cepo”, Old Problems, No Solutions

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Last week the Central Bank again intensified the “cepo”, cutting import payments and making the operation of alternative dollars even more restrictive. You could see it coming. The sale of reserves was unsustainable, and it did not seem very likely that the government would bless…   Become a member to read the rest of this […]

Argentina: Transitory Needs and Permanent Problems

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This week the government announced a plan for 55-year-old women and 60-year-old men to obtain their retirement if they are unemployed and meet a contribution requirement. The logic of the measure is that it is not easy for this group reintegrating into the labor market, much more…   Become a member to read the rest […]

Argentina: Open for Business

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“High-Beta” is one of the most used analogies to describe the Argentine economy. There is a mathematical reason for that. Argentina is not the economy with the worst performance in a medium-term perspective compared to a large sample of developed and emerging countries. But it do…   Become a member to read the rest of […]

Argentina: Special Analysis on Public debt. Will it be sustainable this time?

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I. A poor election and a Government under pressure Inflation, the exchange rate, and economic activity are moving in election mode. The government is using all its firepower to keep the main economic variables under control. Inflation, which had reached 4.8% in March is now hove…   Become a member to read the rest of […]