High Hopes on an IMF Program, But the Task Ain’t Easy

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High Hopes on an IMF Program, But the Task Ain’t Easy

Noviembre 2020

The change of guard in the United States is unlikely to change significantly foreign policy towards Argentina. We do not expect softening policies in the IMF as a result. There could be some benefit from a weaker dollar and therefore a rise in the price of commodities. Soybeans have surged in the last months and are trading above USD 400 per ton, their highest level in over four years, but this is also due to fundamentals of the agriculture market.