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Argentina's financial woes get worse

Argentina's financial woes get worse

June 28, 2021 | Charles Newbery
Loss of emerging markets status is seen tightening access to credit and increasing financing costs, analysts say

Economy & Policy Equity Capital Markets Asset Management Coronavirus Features Latin America South America Argentina

Argentina's financial crisis and political uncertainty have been limiting corporate access to affordable financing since 2018, and it is poised to get even tighter after Argentine stocks were cut from emerging markets status, analysts said on Friday. "Investment was already low in Argentina, but it will be even less now," Jorge Colina, an economist at the Instituto para el Desarrollo Social Argentino (IDESA) in Buenos Aires, told LatinFinance. On Thursday, MSCI, a New York-based creator and prov

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