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Source: International Business Times
By: Raffaele Del Gatto
Following years of economic turmoil, Argentina opted to take a different path by electing the rightwards-leaning Mauricio Macri as president in November 2015.
Macri has quickly adopted free market principles, dropping his predecessor's isolationist stance and triggering a sequence of institutional reforms. Argentina officially came back to international markets in April with a sovereign bond sale of $16.5bn (£12.6bn).
The deal's underwriters eventually received nearly $70bn in orders for the bonds, more than four times the value of the debt, in a testament to returning market confidence.
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