Economy Minister and presidential frontrunner Sergio Massa promised to set Argentina on the path to balanced books by incentivizing exports, bringing forward the payment of some bonds, promoting a budget surplus, and shifting towards austerity. The fate of the IMF deal will be one of the major questions hanging over whoever moves into the Casa Rosada presidential palace on December 10. Argentina’s export income will depend largely on the fate of its grains harvests. Massa will compete for the presidency in a run-off election against far-right libertarian economist Javier Milei on November 19. You may also be interested in: Argentina and China agree on US$6.5 bn currency swap extension

Source: Bueno Aires Herald October 24, 2023 15:47 UTC