Monthly

It seems clear that the fiscal situation of the provinces has become tighter in recent years, an issue that has raised questions about the ability to service their debt. This report argues that most provinces are only running small deficits following an election year, and while the fiscal situation is tighter th...

Lorenzino, the new Economic Minister, will be the visible figure of the government and his main role is likely to be in the international side, dealing with the G-20 issues and leading the negotiations with the IMF, the Paris Club and the multilateral Banks. His choice indicates that Cristina wants some continui...

The mood has swung very quickly. One week Cristina was the queen of the pampas after a landslide victory on October 23rd, the next she was a plain Gaucha desperately fighting to restore financial stability and introducing foreign exchange controls and involving the AFIP (our IRS) to stop a run on the currency that d...

The headlines are now dominated by political news. The most significant event was Macri’s victory over Filmus, Cristina’s candidate, by a nearly 20 percentage point margin in the first round of the Buenos Aires city election. Despite the importance of this result and the fact that it will be extremely difficult to r...