“The Fund (IMF) is concerned about social and political support, beyond the numbers, obviously there is a concern about the legislative process,” said Sergio Chodos, Argentina’s representative to the IMF, in radio statements. “We are working hard to reach the next stage, which is the agreement with the staff (of the IMF),” he added without giving more details.
For the analyst Gustavo Ber, economist at Estudio Ber “investors analyze the political scenario that is opening up and the implications for the agreement with the IMF”.
On Friday, the president, Alberto Fernández, announced that the country had reached an understanding with the IMF to restructure payments on the US$47 billion debt contracted during the government of Mauricio Macri.
In fixed income, dollar sovereign bonds are mixed after falling as low as 3% on Tuesday. The increases of up to 1% are led by the Bonar 2030 (0.8%), the Bonar 2038 (0.7%) and the Global 2035 (0.4%). The losses reach up to 1% led by Global 2046 (-0.7%), Bonar 2035 (-0.6%), Bonar 2041 (-0.3%) and Global 2030 (-0.2%) .
For its part, the country risk prepared by the JP Morgan bank fell 1.8% to 1,715 basis points after rising yesterday to 1,740.
Source: Ambito
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