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Facade of the Government House of Argentina in Buenos Aires
BUENOS AIRES, March 7 (Archyde.com) – Argentina’s country risk rose 64 basis points on Monday in the face of growing global tensions over the Russian invasion of Ukraine, at a time when the Argentine Congress will begin to discuss an agreement with the International Monetary Fund ( IMF) to restructure some 45,000 million dollars.
The reference prepared by the bank JP.Morgan was located at a historical maximum level of 1,991 units, with which it exceeded the previous limit of 1,969 units registered at the end of January.
“There are a lot of questions that also take away the possibility that the agreement will collapse your country risk, when you have a program that is credible and that would have given you relief for financing the economy,” said economist Daniel Artana , of the Latin American Economic Research Foundation (FIEL).
“What you are going to have is some reduction, but a very modest one, because the main problem is the mistrust generated by this government’s economic policy,” he added.
The index of the South American country restarted on September 10, 2020 in the area of 1,083 points following a millionaire restructuring of sovereign debt held by private creditors.
(Reporting by Walter Bianchi; Editing by Harnán Nessi)
