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Argentine Debt: the next government will face the maturity of USD 60 Billion

Whoever wins the elections in October 2019 will need to go to the debt market to refinance current loans that are maturing. Advisors estimate that they will need to renegotiate these maturities with the International Monetary Fund Referred by many to as the lost decade of the Kirchner inheritance, which the current Government of Cambiemos has had to work to disarm the poisoned chalice of a previously controlled exchange rate, widespread subsidies, hyperinflation and various obstacles to normal international…

Failing Argentine Economy: “It’s Troubling that No One is Proposing Reforms”

Mauricio Macri needs to undertake drastic economic reforms to save Argentina from a death spiral of inflation and currency collapse Argentina’s National Institute of Statistics and Censuses (INDEC) confirmed an economic decline of 5.8% in the month of September. Monthly figures, although dismal and depressing, had at least been stabilizing: June saw a decline of 6.8%, July of 2.7% and August of 1.6%. September’s figures are just one further troubling sign for President Mauricio Macri and the Argentine people.…

Argentine Economic Outlook continues to Improve

Tendencias en la Economía Argentina
Argentina Economic Outlook President Mauricio Macri’s government made important progress in his drive to liberalize the economy. The 2018 budget and a highly controversial tax and pension reform plan were approved by the congress in the final weeks of 2017. The pension and tax reform envisages lowering the government’s elevated public sector spending and making Argentina a more attractive investment destination. It should give a further impetus to the economy, which is on a solid recovery path, as confirmed…