Argentina has been the source of much capital market excitement since it elected centre-right Mauricio Macri as its president in November 2015, ending over a decade of Peronist rule in the country.
Soon after taking office, Mr Macri’s government dismantled currency controls and repatriation limits on the equity market. In April this year, on the heels of a long-awaited settlement with holdout investors over the country’s 2002 defaulted debt, Argentina issued a $16.5bn bond, the largest emerging market debt sale on record.
