What economists say about Argentina's FX reforms and IMF deal

In recent weeks, a regular question was re-established in the local economic discussion: why do some companies decide to leave Argentina? The answers point, in general, to a known diagnosis: macroeconomic instability, volatile regulatory frameworks, high tax burden (some will say confiscation), normative fragmentation, unresolved distributive conflicts. Often, what precipitates the exit is not a timely crisis, but an accumulation of frictions th…

Support from AEA, Adeba, IDEA, SRA and CAC and CAME, among others. Specialists assured that the measure will be well received by the markets and will give new opportunities for growth

What economists say about Argentina's FX reforms and IMF deal

By Lucila Sigal and Eliana Raszewski

All March According to the Plan (TMAP) is one of the main phrases of government officials. The issue is that it sounds more like a latiguillo to try to bring calm to the markets than anything else. Because it seems difficult to argue that in recent months everything went according to the plan if you notice that inflation increased, the Central Bank lost more than USD 5 billion reserves and the country risk increased almost 400 points. The govern…

Economists referred to the announcement by the National Government regarding the implementation of a new floating regime within gangs, set at between $1,000 and $1,400 for the dollar. Read more

The big business chambers enlisted in the Group of 6 weighed hot the agreement reached with the International Monetary Fund and the end of the exchange rate quota. They said that this is a “significant step towards macroeconomic normalization in Argentina, within the framework of the fiscal, social, monetary and exchange rate program.” They also noted that “the extension of the terms of the liabilities with the IMF contributes to strengthening t…