Reported about 1 year ago
Investors are positive on Argentina after President Milei's austerity bill was approved, indicating progress in crucial reforms for the country’s economy. The milestone approval of the bill in the Senate led to bond prices rising and boosted US-listed shares of Argentine companies. However, concerns remain regarding Milei's ability to eliminate fiscal deficits and attract foreign investment due to capital controls and a weakened peso in parallel markets. Analysts see the bill as a step towards needed reforms, while acknowledging challenges ahead.
Source: YAHOO