Old Recipes for Old Problems

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Old Recipes for Old Problems

Septiembre 2020

On the back of the debt exchange the government had an opportunity to jumpstart the economy. But Argentina is the country that never misses an opportunity to miss an opportunity. The government was expecting that the deal would be a turning point, which in turn would help to reduce the spread with the blue-chip swap (BCS), to bring to a halt the drop in international reserves and to allow the private sector to regain access to foreign financing.