Weekly

Weekly Reports

An Achievable Program That Will Be Difficult to Achieve

An Achievable Program That Will Be Difficult to Achieve

First week
of February 2022
The IMF is negotiating with Argentina a much less harsh program than the ones it usually does. And certainly, with less adjustment than the previous extended facilities programs and the standby that it signed with Argentina in 2018. The explanations that the senior members of the staff gave to the press and in meeti...

A Light Agreement That Saves Us From the Precipice

A Light Agreement That Saves Us From the Precipice

Fourth week
of February 2022
Finally, Argentina and the International Monetary Fund seem to be close to reach an agreement. Both parties said they have reached an understanding on the policies that will be reflected in the documents that will be submitted to the IMF board and the National Congress in a few weeks. Without a doubt, this is good n...

The Increase of the Dollar Price Is Multi-Causal

The Increase of the Dollar Price Is Multi-Causal

of January 2022
Paraphrasing Minister Guzmán, it could be said that the increase of the dollar price is a multi-causal phenomenon. At the end of the week, the Blue Chip Swap value touched ARS 224 and the Informal ARS 219 in what some might say is an overshooting. Behind this story, there are several monetary and political reasons. ...

A deregulation shock

A deregulation shock

First week
of January 2022
  The difficult negotiation with the Monetary Fund around macroeconomic issues also has a chapter on structural reforms. Although it does not appear to be on the government's agenda, reforms are a central component of an extended facilities program that seeks to favor long-term growth. For now, there is little...

There Is No Miracle, the Government Has to Start Solving the Problems

There Is No Miracle, the Government Has to Start Solving the Problems

Second week
of January 2022
In his opinion column, published last week, the Nobel laureate in economics and mentor of Minister Martín Guzmán, Joseph Stiglitz, spoke about the Argentine miracle for the recovery of the post-COVID economy. The recovery was certainly stronger than private economists and the government itself expected, but only a p...

Recommended

Cepo: tres...
Lots of Advice,...
Midweek 1 de...
MegaINVER