Argentina facing squeeze with or without IMF
With Argentina's elections days away, the fate of the country’s $56bn International Monetary Fund bailout plan will depend on the attitude taken by Alberto Fernández, the odds-on favourite to be the next president, said bondholders.
With disbursements on the programme now suspended, Fernández’s attitude to the Fund will determine whether Argentina takes the easy or hard route to an inevitable fiscal squeeze.“On day one, Fernández should engage with the Fund,” Graham Stock, head of EM sovereign research at BlueBay Asset Management, told ...
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