International Monetary Fund (IMF)

All eyes on Alberto Fernandez, Argentina's new president

President-elect Alberto Fernandez.
President-elect Alberto Fernandez. Photo: Patrick Haar/Getty Images

Alberto Fernandez was declared Argentina's next president on Sunday night, leading to a likely showdown with creditors on Argentina's bonds.

What's happening: Fernandez has repeatedly called for a "reprofiling" of Argentina's $100 billion debt load — much of it taken on by current President Mauricio Macri — often invoking a default in Uruguay from 2003 as an example.

IMF chief applauds "bravery" of Trump tax cuts

Kristalina Georgieva, the new managing director of the International Monetary Fund, applauded the Trump administration's "bravery to use a tax reform to spur more growth" in an exclusive interview with "Axios on HBO."

Why it matters: Georgieva vowed that she would be able to persuade the U.S. to commit more money to the fund during the course of her five-year term. "I will get my quota increase," she said — in the face of reported U.S. opposition and a U.S. veto over any changes.