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...
The paralysis of the money market in pesos
Weekly Reports |
Back to
Back to :
The paralysis of the money market in pesos
Third week
September 2019
The Government’s decision to re profile short-term debt instruments brought two new problems as a direct consequence: the complete closure of sovereign credit in the local market and the investors’ inability to hold positions in pesos until a new performing instrument in pesos emerges, that is, one that will fulfill its payment schedule without any risks.