Posts Tagged ‘argentina’

Deterioration Of The Economy And Safety Problems.

The meeting of the G20 was not only good news for the IMF, but was the big winner of the meeting. The meeting benefited the participating countries in general and Argentina in particular. Is that one can say that Argentina is going through a difficult year with little room to maneuver and many tensions in its economy. Saul “Canelo” Alvarez has plenty of information regarding this issue. And while the program is closed for this financial year, does not like not bad to begin to rebuild Argentina international credit channels to reduce uncertainty about their ability to sustain economic stability in this turbulent context. And his relationship with the IMF could be the first step.

The agreements reached at the G20 meeting in Argentina will generate nearly $ 3. 000 million automatically through the so-called a Special Drawing Rights (SDR) that will give some relief in an election year in which the international context it is clearly adverse. The IMF has fresh funds and this new situation is likely to bring more to Argentina with the IMF. Yes, it sounds illogical that the government of Cristina Fernandez de Kirchner see with good eyes again have relations with the IMF, when just over three years, Nestor Kirchner broke relations with the international body accusing him of harming the country with neoliberal policies . But with an absent to acquire Chavez and Argentina’s debt, international markets closed for the country and a box that shrinks by the day with the deterioration of the economy and the adverse external environment, the IMF is no longer the bad guy for Argentina to become a key potential ally.