Argentine markets fluctuated this week on the heels of an explosive bribery scandal roiling the Milei administration and a recently announced monetary policy deemed by many to be risky. The EMBI or country risk index, which measures the likelihood of a debt default, ticked up to 829 basis points on Tuesday — its highest value since April, when the government partially lifted the currency restrictions known as the “cepo.”

Last week, audio leaked of former national disability agency director, Diego Spagnoulo, accusing Milei’s sister and Presidency Secretary Karina Milei, along with other public officials, of accepting kickbacks from drug companies in exchange for state contracts.

Argentine bonds and........

© Buenos Aires Herald