Macri defeat prompts crisis fears, Norges Bank seminar

Banking, Comment, Finance, News, Reports — By on August 20, 2019 at 7:35 AM

Macri defeat prompts crisis fears, Norges Bank seminar

Commentary: Macri defeat prompts crisis fears

By Desmond Lachman and Mark Sobel in Washington

President Macri’s defeat in Argentina’s primary presidential elections was unexpected. The Peronist leader Alberto Fernández is now the frontrunner to become president by year-end. The prospect of a return to the failed Kirchner policies of the past has seen the peso slump by around 30% and the Argentine stock market lose half its value. In hindsight, Macri’s poor policy sequencing and his ‘gradual’ economic reform strategy were grave mistakes. The question now is what the IMF’s future Argentine involvement will be.

Read the full commentary on the website.

Meeting: Norges Bank seminar


Tuesday 24 September, Oslo

OMFIF and Norges Bank convene a joint meeting in Oslo with public sector reserves and asset managers, as well as a select group of private market participants. The meeting takes the form of keynote speeches and panel discussions and focuses on recent macroeconomic and financial developments, as well as the challenges and opportunities for public sector investment management. The aim of the forum is to examine best practice, promote higher standards and achieve interactive dialogue

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