Latam 8 November 18

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Latam 8 November 18

The IMF closed a new deal with Argentina, adding USD 6.0 billion to the existing stand-by credit, now totaling USD 56.3 billion. While the government took several months to find a response to the crisis, it now seems to finally managed, with the support of the IMF, to put together a policy package that can succeed in stabilizing the Peso and pave the way for an improvement in the external and fiscal deficits. The image of the Government is 38% lower than year ago, at the lowest level since Macri took office.