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“The sovereign needs to get this benchmark curve in place so that the provinces and companies can come to market” |
Leading players in Argentine capital markets say the government must issue a trailblazing Eurobond or global bond if the markets are to take off. The country’s financial markets are more than 20 times smaller than those of Brazil, despite Brazil’s GDP ($1.17 trillion) being less than five times greater than Argentina’s ($250 billion).
Brazil has a mutual funds industry of $525 billion while its neighbour’s is just $8 billion.
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