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World Bank forecasts Argentina will regain access to capital markets in 2017

Friday, June 12th 2015 - 06:02 UTC
Full article 25 comments

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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  • Klingon

    Only reason it will pick up is the fact the K thugs will not be around.

    Jun 12th, 2015 - 11:00 am - Link - Report abuse 0
  • yankeeboy

    The World Bank is not very good at prognostication.
    They'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.

    Jun 12th, 2015 - 11:04 am - Link - Report abuse 0
  • ElaineB

    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 0
  • yankeeboy

    The markets don't lend to bankrupt nations only the IMF.
    U$100MM of the Buenos Aries loan came from ANSES.
    The incestuous intergovernmental notes will all be declared worthless so they can start with new accounting.
    It will be a mess to work out.
    Every single U$ 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.

    Jun 12th, 2015 - 11:22 am - Link - Report abuse 0
  • Conqueror

    @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?

    Paying 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.

    Jun 12th, 2015 - 12:15 pm - Link - Report abuse 0
  • Briton

    Why are all these people giving the argies money,
    everyone gives them money including us,

    and they still cant pay their debts,

    yet we have to pay ours.

    just an expensive thought.

    Jun 12th, 2015 - 12:29 pm - Link - Report abuse 0
  • Voice

    ...just as Yankeeboy predicted.....


    Jun 12th, 2015 - 01:16 pm - Link - Report abuse 0
  • chronic

    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 0
  • yankeeboy

    Voice were you and Think on vacation together?

    Jun 12th, 2015 - 01:57 pm - Link - Report abuse 0
  • Voice

    Your 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
  • Conqueror

    @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 0
  • Voice

    Anymore of that and you'll be off my Christmas card list....
    You've been warned...

    Jun 12th, 2015 - 04:48 pm - Link - Report abuse 0
  • yankeeboy

    I don't pay that much attention but I think you posted a couple days before it did.

    right around the same time...

    So yeah there's that...

    Dont' worry your secret is safe with me


    Jun 12th, 2015 - 05:12 pm - Link - Report abuse 0
  • Voice

    Show me or forever hold your piece....

    Jun 12th, 2015 - 06:57 pm - Link - Report abuse 0
  • yankeeboy

    Nah others are doing a decent job of proving your idiocy on another thread
    I 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.

    Jun 12th, 2015 - 09:18 pm - Link - Report abuse 0
  • Enrique Massot

    That 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.

    Jun 13th, 2015 - 12:02 am - Link - Report abuse 0
  • Skip

    The World Bank isn't infected by K's!

    But 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.

    Jun 13th, 2015 - 03:42 am - Link - Report abuse 0
  • yankeeboy

    The only way for Argentina to regain access to the Int'l Capital Markets is to payoff the judgement in the USA.
    That'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.

    Jun 13th, 2015 - 01:09 pm - Link - Report abuse 0
  • Enrique Massot

    17 Skip
    “The World 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.

    Jun 13th, 2015 - 04:31 pm - Link - Report abuse 0
  • yankeeboy

    19. You are fcking delusional.
    Go see a doctor.

    Jun 13th, 2015 - 04:44 pm - Link - Report abuse 0
  • Skip

    “Saying the World Bank is predicting the economic future based on future election results just doesn't cut it”.

    I 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.

    Jun 14th, 2015 - 12:40 am - Link - Report abuse 0
  • Conqueror

    @12. But you've already missed so many years. And what you send is no good in the bog.
    @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.

    Jun 14th, 2015 - 01:46 pm - Link - Report abuse 0
  • Enrique Massot

    21 Skip
    ”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.

    Jun 15th, 2015 - 03:44 am - Link - Report abuse 0
  • Skip

    Didn't say CFK's party won't be elected. I said CFK won't be elected.

    I 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.

    Jun 15th, 2015 - 11:10 am - Link - Report abuse 0
  • Chicureo

    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 0

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