Two major Wall Street financial firms expect Argentina to reach a deal with the International Monetary Fund (IMF) this year that could bring fresh funds to the country. In two separate reports, Bank of America and Morgan Stanley also suggested that the government could gradually lift the foreign exchange controls in 2025. With high expectations for an IMF deal, both recommended investing in the country’s bonds. Morgan Stanley and Bank of America are the latest U.S. financial institutions to share their optimistic outlook on Argentina. Last week, Moody’s credit ratings agency upgraded Argentina’s long-term foreign and local currency debt issuer’s score.
January 29, 2025
SOURCE: BUENOS AIRES TIMES
Argentina garners more Wall Street optimism, reports