The Argentine government issued its first long-term global bond of...

The Argentine government issued its first long-term global bond of more than $1 billion since 1997, which is seen as a sign of rising confidence in the country's economy. The move follows the aggressive efforts of Argentine President Fernando de la Rua to cut the nation's fiscal deficit during his first days in office.De la Rua had taken office in December 1999, at a time when the country was facing significant economic challenges, including high levels of inflation, a large fiscal deficit, and a growing debt burden. In response, the new president had implemented a range of austerity measures aimed at reducing spending and increasing revenues.

Tuesday, 25 January, 2000