The Argentine peso (ARS) depreciated by approximately 20% in two days at the end of August, despite an IMF loan of US$ 50 billion. Poor signaling by the government and doubts over whether the treasury could finance government operations in…
Five economic variables to monitor before Argentina’s 2019 elections
Business and consumer sentiment towards Argentina have become notably pessimistic following a massive depreciation of the Argentine peso, particularly in the months of May and June. The Mauricio Macri administration – in a bid to restore confidence – signed an…
LATAM GMs are cautiously optimistic about 2019
As Latin America executives head into strategic planning season, many questions arise as to what assumptions they should make about economic growth, FX valuations, and customer behavior for the rest of 2018 and 2019. Moreover, although some risks are expected…
What multinationals need to know about Argentina’s deal with the IMF
Following May’s peso crash, Argentina secured an IMF stand-by agreement (SBA) loan for USD 50 billion over the next three years. This agreement was larger and quicker than the market expected. The good news is that the IMF funds ensure…
What multinationals should monitor in the aftermath of Argentina’s peso crash
The Argentine peso (ARS) has depreciated by approximately 16% in the month of May, causing fears of a new financial crisis. In order to contain the peso’s free fall the Central Bank of Argentina (CBRA) sold approximately 10% (US$ 5…
FSG’s Southern Cone expert discusses market sentiment on Argentina [Podcast]
Earlier this month, Alex Schober, FSG’s Southern Cone Analyst, took part in an exclusive podcast for the Wilson Center‘s Argentina Project. The Argentina Project aspires to be the premiere institution for policy-relevant research on the political and economic reforms underway…
Argentina GMs are cautiously optimistic: Insights from FSG’s Buenos Aires event
Argentina’s economy has recovered from the recession of 2016. However, the fruits of the economy’s expansion have not been distributed equally and many parts of Argentina’s society – from citizens to multinationals – have not benefited. Thus, one of our…