A new fund program creates an opportunity to deepen reforms
The new IMF loan will be burned to keep the peso strong, allowing the middle class to buy imported goods and travel and encouraging it to vote for LLA candidates in October. All other analysis is speculative in the extreme
Let's see what constraints the program places on reserve use and targeted reserve build-up. Obviously, once dispersed it is difficult to control.
The economics will be in opposition to the politics if Argentina can’t avoid the reciprocal tariffs.
The new IMF loan will be burned to keep the peso strong, allowing the middle class to buy imported goods and travel and encouraging it to vote for LLA candidates in October. All other analysis is speculative in the extreme
Let's see what constraints the program places on reserve use and targeted reserve build-up. Obviously, once dispersed it is difficult to control.
The economics will be in opposition to the politics if Argentina can’t avoid the reciprocal tariffs.