Argentine ‘Unpredictability’ to Repel FDI After Swap
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Argentina may fail to revive interest from companies seeking to invest in South America’s second-biggest economy even after concluding an $18.3 billion debt restructuring offer.
“The thing investors hate the most is unpredictability,” said Alan Stoga, vice chairman of the Council of the Americas and president of New York-based Zemi Communications LLC, whose clients include Argentine manufacturers and agriculture companies. The government lacks “prudent and predictable” policies, he said in a June 22 phone interview.