The rise in credit card defaults observed in Argentina during April, which persisted through May and June, raises concerns regarding sustained consumer spending in the forthcoming months and may also have implications for the financial sector’s market performance. The consulting firm Labor, Capital and Growth (LCG) highlights in its latest report that the issue, as … Read more
Buenos Aires Province’s debt increases as Milei faces a challenge in the local elections. Investors are acquiring debt from Argentina’s largest province, anticipating that President Javier Milei’s political party will maintain its winning momentum in an upcoming local election in under three months. Dollar notes issued by Buenos Aires Province have emerged as the top-performing government credits … Read more
Argentina finds itself in a familiar situation as it secures yet another loan from the International Monetary Fund, reminiscent of past financial cycles. For generations, Argentines have perceived their nation as ensnared in a persistent cycle, as yet another loan from the International Monetary Fund is set to arrive to stabilize its fluctuating economy. This marks the … Read more
International Monetary Fund confirms it has reached staff-level agreement with Argentina on fourth review of US$44.5-billion debt programme and calls for “modification of net international reserve accumulation target” due to economic impact of drought; Decision paves way for new tranche of US$5.3 billion in the near future. The International Monetary Fund (IMF) announced Monday that … Read more