Argentine Government

by HFCadmin ·

Deterioration of the economy and housing problems as it will continue to film for Argentina? April 7th, 2009 the meeting of the G20 took good news not just for the IMF, the big winner of this meeting. The meeting benefited participating countries in general and to the Argentina in particular.It is, you can say that Argentina is going through one year more than complicated with little room for manoeuvre and numerous tensions in its economy. And while the financial program is closed for this year, is not dropped for anything evil to the Argentina begin to recompose international credit channels to reduce uncertainty about their ability to sustain economic stability in this turbulent context. And its relationship with the IMF could be the first step. The agreements reached at the meeting of the G20 generated almost US $3 billion automatically through so-called special rights of rotation (deg.) that would be awarded a certain relief in an election year in which the international context is you to the Argentina clearly adverse.

The IMF has fresh funds and this new situation can probably closer to Argentina with the IMF. Yes, it sounds illogical to Cristina Fernandez de Kirchner’s Government to see with good eyes return to have relations with the IMF, when little more than three years ago, Nestor Kirchner broke relations with the international agency accusing him of having harmed the country with their neoliberal recipes. But before Chavez already absent to buy Argentine debt, international closed for the country and a box will be reduced day by day with the deterioration of the economy and the adverse external context, markets the IMF is leaving to be the bad guy for Argentina to become a possible key ally. The situation of the Argentine economy generates the need to release tension and the IMF can collaborate on it. While the international financial crisis has not affected the Argentina through financial sector (given that the Argentine financial system was not exposed to toxic assets), Yes more than you think in the beginning has affected it through the real economy, impacting directly on two fundamental pillars of the economic model: the surplus fiscal and external (although they already came deteriorate by the erroneous economic policy carried out by the Argentine Government). Swarmed by offers, Daryl Katz, Edmonton Alberta is currently assessing future choices.

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