Argentina’s brief window for reforms opens up

Source: The Financial Times
By: John Paul Rathbone

“I am surprised you are not watching your phones,” teased Alfonso Prat-Gay. It was the morning of June 24 2016, and Argentina’s finance minister was warming up his crowd: a group of New York-based investors who, potentially, might sink billions into his country. It was also the day after the UK had voted to leave the EU.

Global markets had gone haywire. Traders and investors everywhere were on alert. Many had cancelled meetings. Yet at the Park Avenue mansion, the conference room was packed to overflowing — a sign of the excitement that the “New Argentina” can generate abroad. Even Larry Fink, chief executive of BlackRock, the world’s largest asset manager, was there.


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