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Gramercy's El-Erian TO Discuss Argentina-IMF Deal Implications

ARGENTINA
  • Gramercy Funds Management LLC Chair Mohamed A. El-Erian will speak with colleagues on a webinar about Argentina’s agreement with the International Monetary Fund and expected investment implications.
  • The Argentine government agreed with trade unionists and businessmen to present a basket of 50-60 basic food products with clear pricing, the Economy Ministry said in an emailed statement. (BBG)
    • List of products included and implementation will be finalized in the next 72 hours
    • It was agreed to open talks on wage agreements that haven’t yet expired or that aren’t yet in the negotiation stage
    • The agreement seeks to anchor inflationary expectations and improve the purchasing power of wages.

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