Latam Talking Points – Asset prices in Argentina remained under stress

Asset prices in Argentina remained under stress, affected by uncertainties regarding the government’s ability to issue debt and meet its financial obligations. The further deterioration was in spite of the government’s decision to request to the IMF a speed-up of disbursements from its USD 50 billion credit line. According to the original plan, Argentina was scheduled to receive (upon meeting fiscal and other targets) around USD 12.0 billion in 2019, another USD 12.0 billion 2020 and USD 6.0 billion in 2021. During a brief press conference, President Macri stated that access to these resources will guarantee that the target for the financial program is met next year.

Fuente: ITAU

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