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Buenos Aires Faces Fresh Deadline, Peru Elections Overshadow

LATAM
  • Buenos Aires have sent their group of creditors a new debt proposal last Friday, and the Ad Hoc Group of Buenos Aires Bondholders are expected to have reviewed the documents this week and will issue a verdict by the end of play today. The ultimatum for the group of creditors to accept Buenos Aire's original offer is the close of play Friday.
  • Markets continue to gear up for this weekend's Peruvian elections. Leftist candidate Castillo has named a former World Bank economist Pedro Francke as the name-in-the-frame to be his top economic advisor. Francke pledged to keep inflation under control and would seek a fiscal policy that balances responsibility across both monetary and fiscal policy tools.
  • Chilean markets remain highly sensitive to pension plan tweaks after slipping sharply Thursday on proposals to allow individuals to withdraw the entirety of their pensions savings - a far larger proportion than had been previously expected after earlier bills had suggested limits of as little as 10% on withdrawals.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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