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Emerging MarketsEM LatAm

Argentina doubts high despite Paris Club hopes

Emmanuel Macron, France, Argentina, Alberto Fernandez, LatAm, 575

Official and multilateral lenders are taking a lenient stance on perennial defaulter Argentina but bond investors are increasingly sceptical whether the IMF programme that the sovereign says it wants will turn its fiscal position around. Markets are pricing in another default within a few years, despite a rebound in bonds this week, while eccentric policy decisions continue to frustrate bondholders.

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