Do pessoal da Stratfor:
Summary
The International Monetary Fund's latest $8 billion aid package for Argentina fails to address the country's fundamental economic problems, including an unsustainable debt burden, overvalued currency and a stagnant economy in its fourth consecutive year of recession. Government efforts to eliminate the budget deficit will help the Peronist opposition party take control of Congress, and the country will still likely default on its debts by early next year.
Analysis
The International Monetary Fund announced last week it will provide an $8 billion emergency aid package to Argentina, raising the IMF's total outlays to the country since last December to $22 billion. The funds may enable the country to limp along financially until congressional elections on Oct.14, after which the government likely will seek to initiate debt-restructuring talks with its foreign creditors.
Although the aid package has calmed global financial markets momentarily, it fails to address Argentina's fundamental problems, and it will not keep the country from defaulting on its foreign debts by next year, if not sooner.
Postado por caio em agosto 29, 2001 2:08 AM