The Trader 

Market Outlook: Argentina, cap in hand

The Trader

The Financial Times reports this morning that President Mauricio Macri, in a televised address to the nation yesterday, said he had asked for financial assistance from the IMF, ‘to avoid a crisis like the ones we have faced before…[it] will allow us to strengthen our programme of growth and development’.  He is rumoured to be asking for US $30 billion.  From previous experience, most Argentines have an extremely negative view of this lender.

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