Weekly Report - 03 March 2022 (WR-22-09)

Fernández’s state-of-the-nation address underwhelms

Argentina’s President Alberto Fernández delivered his annual state-of-the-nation address to congress on 1 March. For several days ahead of his address, it had become apparent that Fernández would not come brandishing a final agreement with the International Monetary Fund (IMF) in his hands. In the absence of this accord, which congress will need to approve before 22 March, when Argentina faces a US$2.8bn debt repayment to the IMF, in order to avoid tipping into default, Fernández had little of substance to say.

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