Stuart Culverhouse Head of Sovereign & Fixed Income Research
Hasnain Malik Strategy & Head of Equity Research
September 25 2019
Argentina-IMF: To be continued...
At a time when nearly everyone now expects the IMF to suspend Argentina’s current review and withhold the associated disbursement until after the election (due 27 October), the Fund released a statement last night confirming that discussions with the Argentinian authorities continue. Acting Managing Director David Lipton said, “Our dialogue and close collaboration with the Argentine authorities will continue with technical meetings expected to take place later this week and before the IMF annual meetings.”
We noted in our earlier report “Should the IMF walk away from Argentina?” that, amid the Fund’s fifth review of the Argentina’s SBA (which was scheduled on or after 15 September), the arguments on whether or not to proceed with the US$5.3bn disbursement are finely balanced...
The content listed on this page is freely available and contains no investment recommendations. It is therefore not classified as research under MiFID II. All reasonable steps have been taken to ensure this content is accurate at the time of publication. Information provided should not be construed as investment, financial or professional advice under any circumstances. For more information, please see our Terms & Conditions.