On June 16 the Inter-American Dialogue hosted a private meeting with Sergio Massa, President of the House of Representatives of Argentina, on the political and economic challenges during the Fernández administration, and the state and future of US-Argentina relations.
In a vitriolic address to Argentina’s Congress on March 1, President Alberto Fernandez put to rest any illusions that he would be a moderating influence on his vice president and political mentor, former President Cristina Fernandez de Kirchner. During his speech, the president attacked Cristina Fernandez’s traditional enemies, including the press, the judiciary, and the political opposition. More surprisingly, he also criticized the IMF, despite being in the middle of discussions to renegotiate Argentina’s $44 billion debt.
How President Alberto Fernández handles Argentina’s foreign debt crisis will define his legacy.
¿Traerá el nuevo año aguas menos turbias para la economía Argentina, o se enfrentará a nuevas sorpresas?
Bruno Binetti, research fellow at Inter-American Dialogue, discusses the Argentine peso, economy and government as the nation receives a $50 billion credit line from the International Monetary Fund.
Non resident fellow Bruno Binetti discusses the causes of the financial crisis, and the economic and political implications of an IMF bailout for Argentina and Macri.
What is behind the slide in the Argentine peso, and what more can the central bank do to address the problem? Is Macri making the right move by seeking help from the IMF, or will he pay a political price at home for embracing the Washington-based lender? Is Argentina at risk of falling into a full-blown financial and economic crisis this year?