07-01-2020 Latin American Weekly Report
Cuba finally bites the bullet and eliminates dual-currency system
President Mauricio Macri faces a fight against time to provide a significant number of Argentines with some respite from their grim economic reality if he is to save his government. The Macri administration is making a concerted effort to reduce the pain of fiscal adjustment, without sacrificing its overall economic plans, in order to try and boost the presence of the ruling Cambiemos coalition in the federal lower chamber of congress and senate in October’s elections. Any electoral setback could spell the end for the tripartite Cambiemos and leave Macri a lame duck for the remaining two years of his term in office.
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