Por Miguel A. Kiguel
Todos sabemos cómo funciona el cepo, y hemos aprendido a vivir con tasas de interés reales negativas, a usar el dólar Contado con Liqui para eludir los controles...
Is the Fourth Time the Charm?
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Is the Fourth Time the Charm?
First week
July 2020
Argentina submitted its fourth sovereign debt restructuring proposal under foreign law. This time it smells like a goal, but the ball still has to hit the net. Not only has it improved the financial terms, but it has also made legal concessions that make it attractive to many bondholders, although the last word has not yet been uttered, and we will have to wait for BlackRock's reply and especially the one from creditors who hold bonds from the 2005 swap.
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 As expected, the Fund's Board of Directors approved the review of Argentina's program, although it made it clear that Massa failed to meet all goals. The IMF applauds the fiscal effort promised by... |