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Is there any advantage to swapping Lebacs for Letes?

For some time there has been great concern regarding the Lebacs’ stock and there were those who thought that a way of solving the issue was a voluntary “swap” of Lebacs for Treasury bonds and bills. This idea was finally embodied in the program...

Mensuales Ver más Mensuales

Waiting for the IMF

The strategy of a gradual reduction of the fiscal deficit that the government implemented since the outset had always had one weakness: it depended on external financing.  Confidence was of the essence. Unfortunately, the increase in US interest...

Trimestrales Ver más Trimestrales

Argentina´s Economic Outlook 2Q 2017

The primaries will take place on August 13th, and the big news is that Cristina Kirchner will run for senator in the province of Buenos Aires.

Especiales Ver más Especiales

The new policy framework and what can we expect

The new administration is moving very quickly to establish a new policy regime that addresses the main obstacles that have been affecting investing and growth.

LATAM8 Brief Ver más LATAM8 Brief

Latam 8 January 18

The year ended with bells and whistles, as the Congress had a heated debate due to the pension and tax reforms, while the government in a controversial move changed the inflation targets. The Government succeeded in passing the 2018 Budget, the...

Escenario Base Ver más Escenario Base

ESCENARIO BASE OCTUBRE 2017

Nuestras premisas

Escenario internacional
- Brasil se recupera lenta pero sostenidamente.
- Los precios de los commodities se mantienen relativamente estables.