How should investors approach Argentina in a new era of political change?

The election of President Mauricio Macri, in December 2015 brought an end to more than 70 years of Peronist rule in Argentina and has heralded an era of significant political change.

The new government has sought to return economic policy to orthodox models, significantly distancing themselves from the policies of the previous government and therefore attracting the attention of international investors. Macri can claim a number of notable achievements within his first 100 days of office, including: the lifting of currency controls, reducing energy subsidies and reaching a settlement with hold-out creditors, allowing Argentina to regain access to international capital markets. Significant challenges remain, namely economic growth has stagnated, inflation hit 44% ye...