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In recent days a severe currency run drove a 12.2% depreciation of the peso and an estimated fall of nearly 5 billion dollars in international reserves (8% of that stock). The…
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DOI: 10.1108/OXAN-DB233554
ISSN: 2633-304X
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High export taxes on the soya complex have encouraged farmers to shift to corn. Rising export earnings will help to strengthen international reserves and tax revenues. Argentina’s…
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DOI: 10.1108/OXAN-DB261520
ISSN: 2633-304X
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With second-quarter targets unmet, the deal was delayed by conflicting positions on fiscal and exchange policies. Economy Minister Sergio Massa’s recent policy package paved the…
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DOI: 10.1108/OXAN-DB281076
ISSN: 2633-304X
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Opposition leaders suspended a meeting with Economy Minister Martin Guzman, while Foreign Minister Santiago Cafiero’s visit to US Secretary of State Antony Blinken elicited…
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DOI: 10.1108/OXAN-DB266862
ISSN: 2633-304X
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However, since the August primaries his goal has shifted to winning the elections, or at reaching a run-off, prompting expansionary policies aiming to improve households’…
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DOI: 10.1108/OXAN-DB282141
ISSN: 2633-304X
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The move, which has angered the farming sector, is one of several announcements aimed at boosting revenues in order to avoid austerity, and at generating enthusiasm among the…
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DOI: 10.1108/OXAN-DB249442
ISSN: 2633-304X
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Massa also extended peso debt maturities through a successful debt swap. On the political front, he was able to overcome the resistance of Vice-President Cristina Fernandez de…
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DOI: 10.1108/OXAN-DB272411
ISSN: 2633-304X
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Although styled as the more 'business-friendly' candidate, Macri will face numerous challenges in making rapid macroeconomic changes, despite the need to do so. Since 2003, when…
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DOI: 10.1108/OXAN-DB206839
ISSN: 2633-304X
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The government has posted the first fiscal surplus in years, inflation has declined and foreign currency reserves have risen from USD21.0bn in mid-December to USD28.5bn. However…
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DOI: 10.1108/OXAN-DB285892
ISSN: 2633-304X
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Although pre-election spending normally militates against a sharp drop in growth in election years, there is little margin for this in a context of low reserves, spiralling…