Monthly

The external accounts surplus and the resulting accumulation of international reserves have been key pillars of macroeconomic stability in Argentina in recent years. Last year, for the first time in the Kirchner’s era, international reserves fell by around US$ 6 billion, and this reduction took place in ...

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...