On Friday, INDEC announced the inflation for February. The impact of the Argentine economy on the markets affects not only the Government but also concerns the IMF, which seeks to avoid increasing its exposure to the country.
The market is waiting to know the CABA data on the blended dollar. Argentine bonds have recovered ahead of the imminent IMF statement regarding the agreement with Argentina. The uncertainty is reflected in the country risk, which remains around 700 points, reflecting doubts about the country's ability to pay.
The new agreement with the IMF aims to generate reforms for countries to regain access to debt markets and be able to settle their debts. Regarding debt maturities, the aim is to alleviate the burden in the coming years and reduce country risk.
UBS mentioned a possible agreement of 20 billion dollars with Argentina, which would include additional funds and the relief of maturities. Uncertainty persists regarding the announcement of the agreement and its details, especially concerning the exchange rate scheme and the intervention of the BCRA.
Regarding the blended dollar, its elimination could affect exports and generate uncertainty in the markets. Meanwhile, the official announcement of the agreement with the IMF is awaited, and speculation continues about the measures that will be taken to stabilize the Argentine economy.
