Carolina Gialdi

06/12/2019
Argentina Bloomberg - Estados Unidos Economía Scott Squires

Buenos Aires Province May Be First Test for Argentina Debt Talks

05/12 - 09:00 - The Province of Buenos Aires will owe investors $571 million in January, and is unlikely to be able to come up with the cash amid a sharp devaluation in the currency and severe economic recession. The region has few dollar-generating industries, and tax revenue has dropped 14% in inflation-adjusted terms this year. Refinancing isn’t a realistic option amid plans by the federal government to restructure its debt.
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