Argentina Argentina’s new government took office last week and both Argentine bonds and equity prices have rebounded and the peso has firmed. The new government is planning on passing through congress an economic, food and sanitary emergency act that will give the president power to increase taxes by decree. It seems the (somewhat obvious) goal is to increase the export taxes on agricultural, mining, and oil products to obtain (according to government calculations) about $2 billion annually. Export taxes are the only way for the new government to raise revenues without printing money (as the new administration has stated they will avoid), given the small central bank reserves and no access to international credit. As published...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.