Argentina: Poverty, the Most Important Deficit
Editorial: The Eleventh Hour This week Argentina will make a payment of 300 million dollars to the IMF in interest, but it will not pay the Paris Club instalment of almost 2.5 billion that is also due in May. In principle, it will use the two months grace period allowed by the … Become […]
Argentina: Luck Alone Is Not Good Enough
Editorial: Luck Alone Is Not Good Enough The government is lucky. Last week soybean price touched USD 565 per ton, the highest record since November 1, 2012. At that price, soybeans are only 14% from the maximum of USD 650 reached in September of that year. Clearly, this is ver… Become a member to read […]
Argentina: From Gloom to Doom
Editorial: From Gloom to Doom The measures announced this week, aimed at containing the impacts of Covid’s second wave, come at a bad time, beyond the controversy with education or institutional issues regarding Buenos Aires autonomy. The last two treasury bond auctions failed… Become a member to read the rest of this article
Argentina: Poverty, the Most Important Deficit
Editorial: Poverty, the Most Important Deficit In line with expectations, The Statistics Agency announced that 42% of Argentines are below the poverty line. The data correspond to the second semester of last year and marked a rise of 1.5 points compared to the data of the first… Become a member to read the rest […]
Argentina: Another Episode in The IMF Soap Opera
Editorial: Another Episode in The IMF Soap Opera The International Monetary Fund’s soap opera with Argentina seems to have a lot of rating. The producers told the writers to keep adding characters and plots. It seems that there is no chance that it will end before December. The … Become a member to read […]
Argentina: Tax Policy Has Gone Bananas
Few things reflect a divergence from normal countries’ policy choices than the proposals to modify the Income tax that are in Congress. We have already discussed in this report about the regressiveness of the elimination of Income tax for workers with salaries of up to 150,000 pe… Become a member to read the rest […]
Can Argentina End Up In Another Debt Restructuration?
Editorial: Can Argentina End Up In Another Debt Restructuration? With Argentine bond yields approaching 20% a year, some begin to wonder if Argentina will have to restructure its debt again, despite the fact that the agreement with bondholders was closed just six months ago. The… Become a member to read the rest of this […]
Argentina: The First Two Months in Black and White
Already in March we can make a preliminary balance of what the summer is leaving us. The best part came from the macroeconomic side. With the price of soybeans firm around USD 500 per ton and the prospects of USD 3.35 billion entering in SDRs from the IMF, literally fallen from t… Become a […]
Argentina: The Summer Ends Without Surprises
Contrary to what the turbulent Argentine history of summer crises could foretell, the summer is ending more calmly than expected. The exchange rate spreads fell, the dollar did not jump sharply and activity is on course for a recovery of around 7% in 2021. It is a better outlook … Become a member to […]
Argentina: The Wrong Medicine Against Inflation
Controlling inflation has become a priority for the government on the road to elections. The high records of December and January, which are unlikely to recede much in February, have accelerated the search for recipes that help lower inflation. Unfortunately, the bulk of the amm… Become a member to read the rest of this […]