Argentina on the brink – again, Bleaker outlook than officials admit, and more
THE WEEKEND REVIEW – OMFIF
Latest opinion and analysis from OMFIF around the world
5-9 October 2020, Vol.11 Ed.39 –
Argentina on the brink – again: In August, Argentina reached a debt-restructuring deal with private creditors to end its ninth default. But since then, prices of the newly issued government bonds have plummeted and country risk has soared. The country depends heavily on the resumption of economic growth to start reducing its public debt burden. The IMF and its major shareholders have an opportunity to help Buenos Aires adopt comprehensive reforms. If this chance is lost, Argentina may well be headed for its 10th default, writes Pablo Guidotti.