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Argentina's season of change

Despite the twin threats of the worst drought to strike South America in decades and the continuing fallout from global financial crisis, Argentina's lenders have survived relatively unscathed. And now a debt swap offer could allow the country to access international credit markets. Writer Silvia Pavoni
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Argentina's season of change

Not a favourite with international observers, Argentina has yet to prove that its economy and financial sector is ready for the attention of international investors.

Despite higher foreign direct investments in some sectors, such as agriculture, metal mechanics, biotechnology and, interestingly, television content creation, banking and the local capital markets are still convalescing from the country's default on its $95bn debt in 2001.

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Silvia Pavoni is editor in chief of The Banker. Silvia also serves as an advisory board member for the Women of the Future Programme and for the European Risk Management Council, and is part of the London council of non-profit WILL, Women in Leadership in Latin America. In 2019, she was awarded an honorary fellowship by City University of London.
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