Brazil & Southern Cone - November 2020

Argentina’s current economic crisis is dangerously close to becoming a currency crisis which could force a currency devaluation, something which President Alberto Fernández is keen to avoid, as outlined in the first piece of this November edition of the Latin American Regional Report: Brazil & Southern Cone. Despite its precarious position vis-à-vis multilateral lenders (it is in discussions with the International Monetary Fund), the Fernández administration got off on the wrong foot with the new president of the Inter-American Development Bank (IDB), US citizen Mauricio Claver-Carone. The second piece in this report considers the reasons for Argentina’s opposition to Claver-Carone’s candidacy, prior to his election in September, and notes how Argentina’s failure to rally its neighbours around a Latin American candidate for the IDB presidency is a sign of deeper malaise in the region.     

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