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Weekly Report - 24 May 2018 (WR-18-20)

ARGENTINA: Dujovne makes IMF progress as Macri struggles

Sealing an accord with the International Monetary Fund (IMF) could prove to be much easier for the Argentine government led by President Mauricio Macri than securing a deal with provincial governors representing the main opposition Partido Justicialista (PJ, Peronists) to cut the fiscal deficit. While the treasury minister, Nicolás Dujovne, has received encouraging noises from the IMF in the government’s pursuit of a credit line, Macri has received disgruntled grunts from governors reluctant to budge on the issue of sharing the burden of unpopular spending cuts.

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