trade, feed the doubts of the critics,

are exhibited as achievements by the government and the supporters of the plan, but the spectre of the exchange rate overvaluation and the reliance on short-term speculative capital resulting from the carry trade, feed the doubts of the critics, who maintain that the plan is unsustainable. In this scenario, the agreement with the IMF emerges as the great turning point: if it materialises and injects the necessary international reserves so that Argentina can return to the international capital markets and gradually lift exchange rate controls, it would allow the reduction of interest rates without generating capital flight, and exchange-rate stability could be maintained even without the carry trade, consolidating the programme สล็อต