The Multi-Year Plan’s Magical Realism

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The Multi-Year Plan’s Magical Realism

Fourth week
November 2021

On election day Alberto Fernández tried to bring some calm to the markets by saying that the entire government coalition is on board a new IMF arrangement He also said that in the first week of December his government would send a multi-annual economic plan to Congress, including the points negotiated with the IMF. There was no further communication. The Vice-president’s silence did not help dispel doubts. The IMF, the market and business community want to know if the government is genuinely interested in reaching an agreement with the Fund and complying with it, at least partially so that the situation does not get out of hand. The incentives are in that direction, although the official rhetoric is more ambiguous.