Informes Mensuales

Time of courageous decisions to avoid a full-blown crisis

Julio 2022
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...

Politics Complicate an Already Complex Economic Situation

Mayo 2022
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 ...

An IMF program that nobody likes but everybody needs

Marzo 2022
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...

Difficult political and economic scenarios condition the IMF agreement

Octubre 2021
The defeat in the primaries marked a before and after for the government coalition. There were important changes in the cabinet and the tensions within the government became apparent. There are different visions about what to do in the economic front. On one side we have the more radical wing (led by Cristina Kirchn...