Jul 18, 2022
In Business Forum
Sustainability Restoration Law. The restructuring required time and diplomatic Last Database efforts, and by September of that year an agreement was reached with private creditors. The result was the recognition of bonds of questionable legality, with a Last Database minimum reduction of capital, but also a significant decrease in interest rates and extension of maturity terms. This Last Database would be similar to what is proposed to be achieved with the most relevant official creditor, the International Monetary Fund ( IMF ).), whose negotiation takes a year since that milestone. It must be remembered that the body, under the presidency of Last Database Christine Lagarde, granted a record loan of 57.1 billion dollars in 2018 to prop up the Cambiemos government. Despite its renewed rhetoric, the IMF , like private creditors, does not recognize Last Database co-responsibility for the loans, although it does recognize their unsustainability. Unlike private creditors, and even other official creditors, the IMFit can explicitly “induce” the application of Last Database certain policies, tending to maximize the payment of the debt in the short term. Of course, this discounts that the debt will be paid while "doing homework". The restructuring that has been Last Database achieved and the one that is in progress while this article is being written is intended to save time, shift the time of payment, and for this it is necessary to move forward with the tasks, namely: ordering the country's Last Database macroeconomy (retail inflation at mid-2021 was around 50% per year), propose a credible liberalization and opening schedule, reduce the fiscal deficit (without touching debt services), achieve foreign exchange to "honor" payments. If the first tasks are conducted, not without friction, between the Last Database Ministry of Economy and the Central Bank, The Ministry of Productive Development is added to the last mandate. Export as much as possible, as soon as possible, under the promise that this time it will come with structural change later.