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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…

♚ Argentina’s Kirchner Presidential Favourite to win has already lost ?

President Cristina Fernández de Kirchner tried to pick her successor hoping a weak candidate would allow her to return in triumph in four years time. However, things went badly sideways. It seemed like a winning game plan at the time. Daniel Scioli, the presidential candidate for Argentina’s ruling party, promised voters a continuation of the outgoing government’s leftist policies, with a few tweaks to lure back those who’d drifted away over its 12 years in power. Many pollsters predicted Scioli to…

Who Will Win Argentina’s Presidential Election? And Who Will Benefit?

On Nov. 22, Argentines will go to the polls to elect a new president. It’s a watershed moment for the country, as the late Néstor Kirchner and then his wife, Cristina Fernández de Kirchner, have held the president’s office for 12 years — long and arduous years for the Argentina people. During their back-to-back tenures, Argentina has experienced recession, high bouts of inflation, disputes with creditors and fiscal deficits. In 2009 it was downgraded from an emerging market to a frontier…