MercoPress. South Atlantic News Agency
World Bank forecasts Argentina will regain access to capital markets in 2017
The World Bank is optimistic about the outlook for the Argentine economy, predicting the country’s GDP will grow 1.1% this year, a considerable upgrade from the decline of 0.3% it expected in January, and perhaps even stronger growth of 1.8% in 2016 and of 3% points in 2017, thanks to a “stronger” macroeconomic environment and “regained” access to international capital markets. Read full article
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Disclaimer & comment rulesOnly reason it will pick up is the fact the K thugs will not be around.
Jun 12th, 2015 - 11:00 am - Link - Report abuse 0The World Bank is not very good at prognostication.
Jun 12th, 2015 - 11:04 am - Link - Report abuse 0They're often very very wrong.
Klingon, For your sake I hope you are right but at this point I am not too sure.
Plus with an IMF bailout I don't think Arg will have enough U$ to pay for any imports. BCRA is bankrupt they just don't know it yet.
IF the K's are out of power and Kiciloff has no involvement in the economy, I am sure the markets will be more willing to work with a reasonable Argentine government.
Jun 12th, 2015 - 11:05 am - Link - Report abuse 0The markets don't lend to bankrupt nations only the IMF.
Jun 12th, 2015 - 11:22 am - Link - Report abuse 0U$100MM of the Buenos Aries loan came from ANSES.
The incestuous intergovernmental notes will all be declared worthless so they can start with new accounting.
It will be a mess to work out.
Every single U$ that could be stolen has been stolen
There's nothing left
and all they have to export is SOY and it is now unprofitable
Their economic fundamentals are worse than Venezuela.
Wait and see.
@3. One thing 'might' help argieland. Paying its debts without quibbling. What's the problem paying the US$7 billion it owes bondholders? Doesn't it keep increasing the size of its reserves and boasting of being a 'paradise'? How is a 'paradise' running 30% inflation? Less than 5% poverty, it says. So all those people living in the villas miserias aren't poor?
Jun 12th, 2015 - 12:15 pm - Link - Report abuse 0Paying the bondholders? Including all the ones that took the 'haircut'. What's the name for that? I think it's 'integrity'. Something unknown in argieland for more than a decade.
Not that argieland should think that it will suddenly become welcome. It will also need to stop lying.
And for lenders I would recommend that they insist argieland start repaying before it gets any loan.
Why are all these people giving the argies money,
Jun 12th, 2015 - 12:29 pm - Link - Report abuse 0everyone gives them money including us,
and they still cant pay their debts,
yet we have to pay ours.
just an expensive thought.
...just as Yankeeboy predicted.....
Jun 12th, 2015 - 01:16 pm - Link - Report abuse 0...
..
.
Not....;-))))
Does this impossible mission fund report reflect the $3.7 B hickey from last week? NO! LOL. heeeheeheehee
Jun 12th, 2015 - 01:48 pm - Link - Report abuse 0Voice were you and Think on vacation together?
Jun 12th, 2015 - 01:57 pm - Link - Report abuse 0Your logic there is questionable....surely if we were, I also would not have been posting....
Jun 12th, 2015 - 02:19 pm - Link - Report abuse 0@10. But were you bent over giving it a thrill? Aren't you from scrotumless land? Skirts for all. Lying in the gutter sucking up vomit. That would be Glasgow. Not worried about immigrants. Glaswegians might just murder them. Just for trying to muscle in on the benefits. Edinburghers. Much more polite. Cup of whisky first. The drug culture. Or, as Salmond put it, drunks. Very big on fish. Fishface 1 and Fishface 2 (Salmond and Sturgeon). How clever, faces as well as names. It only takes a few minutes to determine that a large part of the scotch are brainless. Or permanently pissed. A la Voice. When will you be paying the £2 quadrillion you owe England? Just like argieland. Corrupt, scrounging criminals. But we've seen what you're really like now. Here's the deal. GET OUT! Don't ask for ANYTHING unless you want to be BOMBED. Tired of you. Take your ex-pats back or we'll drown them.
Jun 12th, 2015 - 03:24 pm - Link - Report abuse 011
Jun 12th, 2015 - 04:48 pm - Link - Report abuse 0Anymore of that and you'll be off my Christmas card list....
You've been warned...
I don't pay that much attention but I think you posted a couple days before it did.
Jun 12th, 2015 - 05:12 pm - Link - Report abuse 0right around the same time...
So yeah there's that...
Dont' worry your secret is safe with me
gross.
Show me or forever hold your piece....
Jun 12th, 2015 - 06:57 pm - Link - Report abuse 0Nah others are doing a decent job of proving your idiocy on another thread
Jun 12th, 2015 - 09:18 pm - Link - Report abuse 0I have better things to do tonight
Another day of mass arrests and intimidation for...
wait for it
wait for it
exchanging money in Buenos Aires
What a crazy crazy place
The lunatics are running the asylum.
Help!!!!
Jun 13th, 2015 - 12:02 am - Link - Report abuse 0That can't be! The World Bank infiltrated by Ks!
How could this ever happen?
The WB tells the world to tighten belts while it predicts modest growth and regained access to international markets for Argentina?
These predictions cannot be true because they contradict the wisdom of here posters, who have been announcing for quite some time the irremediable demise of the country of tango, mate y asado.
The World Bank isn't infected by K's!
Jun 13th, 2015 - 03:42 am - Link - Report abuse 0But it is predicting that the Argentine government will be less infected after this election.
I don't think it will. Peronism runs too deep in Argentina. The simple solutions always win out.
The only way for Argentina to regain access to the Int'l Capital Markets is to payoff the judgement in the USA.
Jun 13th, 2015 - 01:09 pm - Link - Report abuse 0That's the only way.
WB is assuming they'll elect someone that has not had their brain addled by Lithium.
At this point I am not so sure.
The slum dwellers control Argentina. They want free $. They will bring the country into civil unrest to keep it flowing.
Just like in Venezuela.
BCRA is bankrupt they just don't know it yet. That mean no fuel or imports unless they get another high interest loan from China. They may and then again they may not.
I wouldn't want to count on the Chinese for anything. They have their own problems to deal with.
I hope Arg chooses another K
I don't know what I would do with all my free time if I couldn't watch the crazy shenanigans in this bizarre country.
17 Skip
Jun 13th, 2015 - 04:31 pm - Link - Report abuse 0“The World Bank...is predicting that the Argentine government will be less infected after this election.”
Come on. If you don't like the current Argentine government you are free to criticize it--that's good for democracy. But please make arguments that can be discussed.
Saying the World Bank is predicting the economic future based on future election results just doesn't cut it.
18 YB
No payment to vultures unless they negotiate like the other 93 per cent of creditors. No future government will risk its political future by doing so. And the U.S. corporations cannot impose their will across the world as they used to--only a few years ago a U.S.-backed coup d'état would have solved the problem in the vulture's favour--not anymore.
A more multipolar world offers choice and opportunities to emerging countries. The Argentine government understands it and the U.S. will continue to lose business if it insists in its old behaviour.
Judge Griesa will die without ensuring the future of his descendants.
19. You are fcking delusional.
Jun 13th, 2015 - 04:44 pm - Link - Report abuse 0Go see a doctor.
“Saying the World Bank is predicting the economic future based on future election results just doesn't cut it”.
Jun 14th, 2015 - 12:40 am - Link - Report abuse 0I always thought you were delusional but am now beginning to wonder if you are also slightly stupid.
There is a 100% chance that CFK WON'T get reflected. Therefore the World Bank has factored the removal of the biggest obstacle to economic reform and settlement with bond holders into their calculations.
To do otherwise would be frankly quite stupid.
All predictions are an assumption on future facts and possibilities. CFK backed herself into a corner on many issues that she found impossible to then alter. A future president will not be as constrained.
However I don't have high hopes for Argentina's future. The national psyche needs a severe reality shock to show them how far they have already fallen and how far they still have to go. And if an emigrant Argentine that lives in a functioning market economy with a stable government cannot see that, then those that are continually brainwashed within Argentina have no hope.
@12. But you've already missed so many years. And what you send is no good in the bog.
Jun 14th, 2015 - 01:46 pm - Link - Report abuse 0@16. What are you snorting?
@19. It doesn't really matter whether argieland pays its debts or not. If it does, it might, eventually, get to be treated like other countries. Although a one-off isn't enough. Given its history, 100 years of complete honesty might help. Considering the current argie 'government', executing the lot, publicly, would be a step forward. Sterilising all their offspring would also be good.
If it doesn't pay up, it can look forward to being a province of China. How much is argieland worth? Apart from NOTHING. Did you know that there's a principle in international law that it's legal to invade and recover debts by force? It's not as though argies could resist. Especially after being splattered under tank tracks.
21 Skip
Jun 15th, 2015 - 03:44 am - Link - Report abuse 0”There is a 100% chance that CFK WON'T get reflected (sic).”
You may choose to believe that CFK's party won't get elected and that this will happen just because you want it.
You can also get really informed about the current situation and learn that even the opposition is acknowledging the strong public image that Cristina currently enjoys.
But again, you are free to go either way.
Didn't say CFK's party won't be elected. I said CFK won't be elected.
Jun 15th, 2015 - 11:10 am - Link - Report abuse 0I hope her party does win. I sincerely hope that Argentinean continues with Kirchnerism. It is the best way to neutralise Argentina rendering it ineffectual against all its neighbours including the Falklands. As well as discrediting it internationally.
Like Chavismo, Peronism needs to collapse under its own contradictions and not because of others. The mirage of the 'won decade' should evaporate under someone from CFK's party. Not some mug from another party.
You sure do have comprehension difficulties. Probably your Argentinean education.
FYI: Troy Tempest, Brasileiro, Voice, CabezaDura2 are all sock puppets of an idiot living in the United States.
Jun 16th, 2015 - 03:38 pm - Link - Report abuse 0Commenting for this story is now closed.
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