Argentina’s 2019 elections pose extra challenge to revamped IMF programme
Increased stand-by arrangement intends to eliminate primary budget deficit in 2019
The support programme agreed by the International Monetary Fund and Argentina will face the hurdle of a heated electoral contest in 2019 that could hamper its successful implementation, analysts say.
President Mauricio Macri is due to seek re-election in the next presidential contest in October 2019. The campaign will take place amid an economic downturn. This has been triggered by the record-high interest rates of 60% implemented to tackle the high inflation caused by the sharp devaluation of
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