Monthly

The Argentine economy is facing a more complex macroeconomic scenario in the months preceding the October elections. Growth is decelerating, inflation continues to be a threat despite the relief observed in April and the government starts crucial negotiations with the IMF in order to avoid large re-payments in t...

Three years after declaring default and following a long negotiation process the market voted in favor of Argentina’s debt restructuring offer. In the end there was 76.1% participation level which falls within what the Fund could consider as broad acceptance, at least at this stage, and will most likely take th...

The debt restructuring is back on track. The public debt restructuring process seems to be once again on track as the government finally agreed to hire the Bank of New York as the exchange agent in the transaction. While it is unfortunate the way in which the BoNY was first fired and then hired, and that the gov...

Possible dynamics of the negotiation and the impact on the economy. The debt saga is entering a new, critical phase where most people expect that the government will finally restructure its foreign debt. This week the government has filed the offer at the SEC, and the road show is expected to start as soon as th...