• Mon. Feb 26th, 2024

Major Wall Street Banks Meet with Government Officials in Argentina to Discuss Economic Uncertainty and Bond Prospects

ByEditor

Feb 12, 2024
Monday Meeting: Wall Street Banks to Monitor Government Bonds and Investments

Following the defeat of the ruling party in Congress and uncertainty in the market due to the fall of its first law, major Wall Street banks are set to meet with government officials and investment funds in Argentina tomorrow.

The visit will be led by representatives from Barclays, Bank of America, Citigroup, Goldman Sachs, HSBC and a group of clients (mostly investment funds) to discuss Javier Milei’s program, the prospects of bonds and possible investments. BlackRock bought last week US$1.8 million of the Bopreal dollar bond, with which the government seeks to regularize commercial debt. The largest banks in the United States have issued cautionary signals about Argentina due to double-digit inflation until the first quarter and a distinct jump in the official dollar in June. They warned that governability and population tolerance for adjustment are main risks. The trip is within the framework of visits that are organized every year to different countries in the region.

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