Latam 8 September 18

Macri announced negotiations to improve the IMF program, but there were no details and the IMF remained silent. This created confusion in the market followed by rumors of possible changes in cabinet. This weakened Macri´s image, already in lows by the currency crisis, and raised questions about his chances for re-election in 2019. Central Bank President Luis Caputo resigned, and was replaced by Guido Sandleris. Cristina Kirchner was accused of corruption and her future depends on Peronists senators.