The IMF hopes to see Alberto Fernández’s economic plans and it is open to discuss with the new government the “fiscal viability” of Fernández proposals and how to sustainably achieve a return to the markets.
Argentina’s textiles and apparel industry is hoping the debt-laden country’s return to a socialist Peronist government will help recover 800,000 jobs lost in the past decade when the sector shrank roughly 50 percent.
The total portfolio of pledge loans fell 17% in October compared to the same month of 2018, with an amount of AR$82.8 billion ($1.4 billion), essentially affected by high interest rates and the exchange rate, according to a report prepared by First Capital Group.
The ADRs of Argentine companies lost up to 4.7% on Wall Street on Monday, as was the case with the Central Puerto papers. Public titles also lost ground and country risk advanced 21 units to 2463 points.