Latin America Economics

Latin America Chart Book

25 September, 2018

Turmoil in Argentina underscores policy challenges

The surprise resignation of Argentina’s central bank governor, Luis Caputo, and nationwide strikes – in protest against President Macri’s austerity plan – underscore the difficulty of fixing the country’s economic mess. Mr. Caputo reportedly clashed with the IMF over exchange rate policy, with the latter objecting to the former’s frequent FX interventions and pushing for a fully free-floating peso as part any new credit line. Mr. Caputo will be replaced by Guido Sandleris, a little-know

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