Stuart Culverhouse Head of Sovereign & Fixed Income Research
Hasnain Malik Strategy & Head of Equity Research
September 12 2019
Should the IMF walk away from Argentina?
Amid the latest review of Argentina’s IMF programme, should the Fund simply walk away? We think the arguments are finely balanced. The IMF may not want to rock the boat in an election period and publicly, has said that it continues to stand with Argentina. But it also needs to uphold its own principles.
The Fund should call a halt (which would essentially suspend the programme given the election cycle) and at least now, with the soon to be under new leadership, it has the ideal chance to pivot (or re-set its stance) on Argentina. But it probably won’t...
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