September 5, 2019 |
Project finance lenders have shunned Argentina as the country's financial crisis has escalated and the government has reimposed currency controls, sources told LatinFinance.
"There is no appetite [to lend] at this point," said a banker in New York, adding that plans to finance road and energy projects in Argentina have to wait until after the presidential election on October 27.
The banker also said that any financial institution willing to bankroll an infrastructure project in Argentina these
Any lenders willing to finance infrastructure projects would ask for 100% guarantees, source says