Country risk increased 181 points and closed over 2,000

Country Risk surged on Tuesday in a climate of new political uncertainty after the pbadages of the version after the meeting between the International Monetary Fund (IMF) and the opposition candidate, Alberto Fernándezwho is likely to be the next president of the nation.

The default risk index prepared by JP Morgan increased by 181 basis points over the previous close and ended in 2001.

The shooting responds to the negative performance of Argentine bonds, which fell by 13%. The Merval in pesos fell by 4.48%, while the decline in dollars was 6.05%.

The market reacts to the versions that circulated yesterday after the meeting of presidential candidate Alberto Fernández and the team of the International Monetary Fund (IMF) chaired by Alejandro Werner.

"We are worried about the power vacuum," the representatives of the credit agency reportedly said at the meeting, as it happened.

At the same time, the IMF said in a statement that "categorically denies that members of the delegation currently present in Argentina" have suggested to advance the presidential election because of concerns raised about a "power vacuum" hypothetical.

And add that "The members of the IMF delegation have never spoken in these terms at the meeting that they had today with Mr. Alberto Fernández and his economic advisers"

"And after several days, the local EMBI + has again increased strongly." Misaligned policy incentives and recklessness, we bear all the costs. "commented Gabriel Caamaño, from Ledesma Consultant.

Alejandro Kowalczuk, Argenfunds' lead portfolio manager, said the doubts about the US $ 5.4 billion disbursement forecast by the IMF for September are currently being taken into account. "It is essential that the government receive these funds to arrive at the end of the year. At this point, the main objective of (Finance Minister, Hernán) Lacunza is to receive funds and reach the month of December ", he explained, according to Cronista.com.