Monthly

Batakis takes over the Ministry of the Economy at an extremely difficult time. Reserves are at a critical level, as they just cover less than two weeks of imports, inflation is accelerating, and the parallel exchange rates seem to be out of control.  If we add to these problems a fiscal deficit that far exceeds...

The IMF program triggered a conflict within the government coalition between the populist and more “orthodox” sectors. The key differences are the importance that each of then attach to the targets set in the IMF program. Targets require tighter monetary and fiscal policy, and the difference in the approach to deal ...

The IMF program was finally approved by Congress, though at a heavy cost for the government because Cristina and the Campora opposed it.  Fernández had to rely on the opposition for the approval in Congress and had a setback regarding the law because the opposition was only willing to vote for the new IMF finan...

All eyes are now focused on the IMF program.  The clock is ticking, and the bets are on whether Argentina and the Fund can reach an agreement by March 22nd.  The government has been sending clear signals that it wants to avoid a default with the Fund. Foreign Minister, Santiago Cafiero, traveled to Washing...