RIO DE JANEIRO, BRAZIL - A group of major Argentine creditors has criticized the South American country for “erratic” economic policies that it says are hitting growth and weighing on bond prices five months after the government restructured some US$65 billion in foreign debt.
The Exchange bondholder group, involved in the restructuring that cured Argentina’s ninth sovereign default, added it was concerned talks with the International Monetary Fund over a new deal were being “subordinated to politics.”
“An IMF program is the only likely source of policy anchors and a credible medium-term framework that can bring stability,” it . . .