The announcement of staff-level agreement is no surprise having been well flagged by the IMF managing director last week. Board approval is expected in the coming weeks and will allow the disbursement of US$3.9bn. Argentina's performance under the pr...

It's hard to know what to make of the news overnight that Sergio Massa, speaker of the lower house, has replaced economy minister Silvina Batakis in Argentina. Batakis hadn't spent enough time in the job either to make a difference, or make things wo...

Recent high inflation prints in North America and Europe have shocked many observers, leading some commentators to revise upwards their central bank rate hike forecasts. Based on the most recent announcements, we estimate that in around 20% of countr...

Argentina's economy minister, Martin Guzman, resigned on Saturday evening, according to reports, potentially throwing doubt on the future of the IMF programme and even signalling political manoeuvring ahead of next year's presidential election. The m...

The IMF announced on 8 June that it had reached staff level agreement on the first review of Argentina's new programme. The IMF welcomed the authorities’ commitment to implementing additional policy measures to achieve the annual objectives (although...

The latest UN FAO World Food Price index (published on 3 June) declined slightly again from the March all-time high: down 0.6% in May, but up 23% yoy, and up 73% from the May 2020 trough. This is the second consecutive month of slight moderation. Veg...