{"id":8758,"date":"2025-08-05T18:59:19","date_gmt":"2025-08-05T21:59:19","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=8758"},"modified":"2025-08-05T18:59:20","modified_gmt":"2025-08-05T21:59:20","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c08%ec%9b%94-05%ec%9d%bc","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=8758","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(08\uc6d4 05\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

\uc624\ub298\uc758 \uacbd\uc81c<\/p>\n\n\n\n

    \n
  1. IMF \ucc28\uad00 \uc678\ud658\ubcf4\uc720\uc561 \uac15\ud654, \uc5ec\uc804\ud788 \ub0a8\uc544\uc788\ub294 \uacfc\uc81c
    IMF\uc758 20\uc5b5 \ub2ec\ub7ec \ucc28\uad00\uc73c\ub85c, \uc911\uc559\uc740\ud589\uc758 \uc678\ud658\ubcf4\uc720\uc561\uc740 430\uc5b5 \ub2ec\ub7ec\ub97c \ub118\uc5c8\uc73c\uba70 \uc774\ub294 2023\ub144 1\uc6d4 \uc774\ud6c4 \ucd5c\uace0 \uc218\uc900\uc774\ub2e4.
    \uadf8\ub7ec\ub098 \uc7ac\ubb34\uccad\uc740 \ucc28\uad00\uc758 41%\uc5d0 \ub2ec\ud558\ub294 8\uc5b5 2400\ub9cc \ub2ec\ub7ec\ub97c \ucc44\ubb34 \uc774\uc790\uc640 \uc218\uc218\ub8cc\ub85c IMF\uc5d0 \uc9c0\ubd88\ud574\uc57c \ud558\uae30 \ub54c\ubb38\uc5d0 \ub610\ub2e4\uc2dc \uc678\ud658\ubcf4\uc720\uc561\uc740 \uc904\uc5b4\ub4e0\ub2e4.
    IMF\ub294 \ubc00\ub808\uc774 \uc815\ubd80\uc640 \ud569\uc758\ud55c 200\uc5b5 \ub2ec\ub7ec \ucc44\uad8c \uc911 140\uc5b5 \ub2ec\ub7ec\ub97c \uc81c\uacf5\ud588\uace0, \uc544\ub974\ud5e8\ud2f0\ub098 \uc815\ubd80\ub294 \ud658\uc728 \uaddc\uc81c \ud574\uc81c\uc640 \ud3c9\uac00\uc808\ud558 \uc18d\ub3c4\ub97c \ubcc0\uacbd\ud558\ub294 \ubc34\ub4dc\uc81c\ub97c \ucc44\ud0dd\ud588\ub2e4.
    \uc591\uce21\uc758 \ud569\uc758 \uc0ac\ud56d \uc911, \uc678\ud658\ubcf4\uc720\uc561 \uc99d\uac00\ub294 \ubaa9\ud45c\uc778 \ub9c8\uc774\ub108\uc2a4 11\uc5b5 \ub2ec\ub7ec\uc5d0 \ube44\ud574, \uc544\uc9c1 \ub9c8\uc774\ub108\uc2a4 47\uc5b5 \ub2ec\ub7ec\uc774\ub2e4.
    \uc774\ub7f0 \uc5b4\ub824\uc6c0\uc758 \uacb0\uacfc\ub85c \uacbd\uc81c \ud504\ub85c\uadf8\ub7a8\uc5d0 \ub300\ud55c \uac80\ud1a0\ub294 \ubc18\uae30\ubcc4\ub85c \ud589\ud560 \uac83\uc774\ub2e4.
    IMF\ub294 \ub610 \uc678\ud658\ubcf4\uc720\uc561\uc774 \ub0ae\uc740 \uc2e0\ud765\uad6d\uc5d0 \uc704\uce58\ud55c \uc544\ub974\ud5e8\ud2f0\ub098\uc758 \ub300\uc678\uc801 \ubb38\uc81c\uc5d0 \ub300\ud574 \uacbd\uace0\ud588\ub2e4.<\/li>\n\n\n\n
  2. \ud658\uc728 \ud558\ub77d
    \ub3c4\ub9e4\ud658\uc728\uc740 IMF \ucc28\uad00 \uc785\uae08 \uc774\ud6c4 \uc774\ud2c0\uc5f0\uc18d \ud558\ub77d\ud558\uc5ec 1,360 \ud398\uc18c\uc5d0 \ub9c8\uac10\ud588\ub2e4.
    MEP \ud658\uc728\uc740 1,356.15 \ud398\uc18c, CCL \ud658\uc728\uc740 1,361.30 \ud398\uc18c\ub85c \ub05d\ub0ac\ub2e4.
    \uc120\ubb3c\ud658\uc728\ub3c4 \ud558\ub77d\ud574 8\uc6d4\uc740 1,380.50 \ud398\uc18c, 12\uc6d4\uc740 1,509 \ud398\uc18c\ub85c \uac70\ub798\ub410\ub2e4.<\/li>\n\n\n\n
  3. \ub300\ud1b5\ub839 \uac70\ubd80\uad8c \ud589\uc0ac\uc640 IMF \ucc28\uad00 \uc81c\uacf5 \uc774\ud6c4 \uc544\ub974\ud5e8\ud2f0\ub098 \uc8fc\uc2dd\uacfc \ucc44\uad8c \ubc18\ub4f1
    \uc544\ub974\ud5e8\ud2f0\ub098 \ub2ec\ub7ec \ucc44\uad8c\uc740 0.2~0.5% \uc0ac\uc774\ub85c \uc0c1\uc2b9\ud588\uc73c\uba70, \uae00\ub85c\ubc8c \uc2e0\ud765\uc790\uc0b0\uc5d0 \ub300\ud55c \uad00\uc2ec\uc744 \uc8fc\ub3c4\ud588\ub2e4.
    Merval \uc9c0\uc218\ub294 \ub2ec\ub7ec\ud654\ub85c 0.75% \uc62c\ub790\uace0, \ub274\uc695\uc758 ADR\uc740 \ucd5c\ub300 4.7%\uae4c\uc9c0 \ub6f0\uc5c8\ub2e4.
    \uc774\ub294 \ubc00\ub808\uc774\uc758 3\uac1c \ubc95\uc548 \uac70\ubd80\uad8c \ud589\uc0ac\uac00 \uac70\uc2dc\uacbd\uc81c \ubaa9\ud45c\uc5d0 \ub300\ud55c \uc57d\uc18d\uc73c\ub85c \uc5ec\uaca8\uc84c\uae30 \ub54c\ubb38\uc774\ub2e4.<\/li>\n\n\n\n
  4. \ud398\uc18c \uae08\ub9ac \uc548\uc815\uc138, \uc8fc\ubaa9\ub418\ub294 8\uc6d4 \ub9cc\uae30
    \uc774\ubc88\uc8fc \uccab\ub0a0\uc740 \uae08\ub9ac\uac00 \uc548\uc815\uc138\ub97c \ubcf4\uc600\ub2e4.
    LECAP\uacfc BONCAP \ucc44\uad8c\uc758 \ub2e8\uae30\ub294 \uacc4\uc18d\ud574\uc11c \ub192\uc740 \uc774\uc728\uc744 \uc81c\uacf5\ud55c\ub2e4.
    8\uc6d4 \ub9d0 \ub9cc\uae30\ub294 \uc6d4 3.4%\uc758 \uae08\ub9ac\ub97c \uc8fc\uc9c0\ub9cc, 2026\ub144 10\uc6d4 \ub9d0 \ub9cc\uae30 \ucc44\uad8c \uae08\ub9ac\ub294 \uc6d4 2.8%\ub85c \ub0ae\uc544\uc84c\uace0, \uc120\ubb3c\uacc4\uc57d\uc740 0.6% \uac10\uc18c\ud588\uc73c\uba70, \ub0b4\uc7ac \uae08\ub9ac\ub294 \uc5f0\uac04 \uc57d 27% \uc120\uc744 \ubcf4\uc600\ub2e4.
    \uc989 \uae08\ub9ac\uac00 \uc774\uc804\uc8fc\ubcf4\ub2e4 \uc904\uc5c8\ub2e4.
    \uc2dc\uc7a5\uc758 \uad00\uc2ec\uc740 8\uc6d4 13\uc77c\uacfc 27\uc77c\uc5d0 \ub9cc\uae30\uac00 \ub3cc\uc544\uc624\ub294 35\uc870 \ud398\uc18c\uc5d0 \uc3e0\ub824\uc788\ub2e4.
    \uc815\ubd80\uc758 \uacc4\ud68d\uc740 \ub2e8\uae30\uc801\uc73c\ub85c \uac31\uc2e0\ud558\uba74\uc11c \ub354 \ub192\uc740 \uae08\ub9ac\ub97c \ud53c\ud558\ub294 \uc77c\uc774\ub2e4.<\/li>\n\n\n\n
  5. \uc5ed\uc0ac\uc0c1 \uac00\uc7a5 \ud070 \uc678\uad6d\uc778 \ud22c\uc790
    \uc5f0\ub9d0 \uc774\uc804\uc5d0 \uc544\ub974\ud5e8\ud2f0\ub098 \uc5ed\uc0ac\uc0c1 \uac00\uc7a5 \ud070 \uc678\uad6d\uc778 \uc9c1\uc811\ud22c\uc790\uac00 RIGI (\ub300\uaddc\ubaa8\ud22c\uc790\uc778\uc13c\ud2f0\ube0c)\ub85c \uc774\ub904\uc9c8 \uac83\uc774\ub2e4.
    \ube44\uafb8\ub0d0 \ud68c\uc0ac\uac00 150\uc5b5 \ub2ec\ub7ec \uc774\uc0c1\uc744 \uc0b0 \ud6c4\uc548 \uc8fc\uc758 \uad11\uc0b0\uc5d0 \ud22c\uc790\ud55c\ub2e4.
    \uce90\ub098\ub2e4 \uc790\ubcf8\uc758 \ube44\uafb8\ub0d0 \ud68c\uc0ac\ub294 \uad6c\ub9ac, \uae08, \uc740\uc774 \ud48d\ubd80\ud55c \ud638\uc138\ub9c8\ub9ac\uc544\uc640 \ud544\ub85c \ub378 \uc194 \uc9c0\uc5ed \uac1c\ubc1c\uc744 \uc2dc\uc791\ud55c\ub2e4.
    \ubaa9\ud45c\ub294 \uad6d\uc81c \uad6c\ub9ac \uc2dc\uc7a5\uc758 \ud575\uc2ec\uc801\uc778 \uacf5\uae09\ucc98\ub85c \uc790\ub9ac\ub9e4\uae40\ud558\ub294 \uac83\uc774\ub2e4.<\/li>\n\n\n\n
  6. \ud53c\uce58 \uc2e0\uc6a9\ud3c9\uac00\uc0ac, \uaf2c\ub974\ub3c4\ubc14 \uc8fc \uc2e0\uc6a9\ub4f1\uae09 \uc0c1\ud5a5
    \ud53c\uce58 \uc2e0\uc6a9\ud3c9\uac00\uc0ac\ub294 \uaf2c\ub974\ub3c4\ubc14 \uc8fc\uc758 \uc2e0\uc6a9\ub4f1\uae09\uc744 CCC+\uc5d0\uc11c B- \ub85c \uc0c1\ud5a5 \uc870\uc815\ud558\uba74\uc11c, 2025~2026\ub144 \uc7ac\uc815 \uc131\uacfc\uc5d0 \ub300\ud574 \uc548\uc815\uc801\uc73c\ub85c \ud3c9\uac00\ud588\ub2e4.
    \uc774\ub85c\uc368 \uaf2c\ub974\ub3c4\ubc14 \uc8fc\ub294 2017\ub144 \uc774\ud6c4 \uc544\ub974\ud5e8\ud2f0\ub098 \uc9c0\ubc29\uc815\ubd80 \uc911 \ucc98\uc74c\uc73c\ub85c \uad6d\uc81c\uc2dc\uc7a5\uc5d0 \uc9c4\uc785\ud560 \uc218 \uc788\uac8c \ub418\uc5c8\ub2e4.<\/li>\n\n\n\n
  7. \uc0c1\ud638 \uad00\uc138\uc758 \uc774\uc810
    \ubbf8\uad6d\uacfc \uc0c1\ud638 \uad00\uc138 \ud569\uc758\ub294 \uad6d\uac00\uc5d0 \uc788\uc5b4 \ub9e4\uc6b0 \uc911\uc694\ud558\ub2e4.
    \uc544\ub974\ud5e8\ud2f0\ub098 \uc2dc\uc7a5\uacfc \uae30\uc5c5\uc5d0 \uae0d\uc815\uc801\uc778 \uc601\ud5a5\uc744 \ubbf8\uce60 \uac83\uc73c\ub85c \uc608\uc0c1\ud560\uc218 \uc788\uc73c\uba70, \uc218\ucd9c\uacfc \uae08\uc735\uc790\uc0b0\uc5d0 \uc131\uc7a5\uc744 \uac00\uc838\uc628\ub2e4.
    \ubb34\uad00\uc138 \ub610\ub294 \ud560\ub2f9\ub7c9 \uba74\uc81c\ub294 \ub18d\uc5c5\uacfc \uac19\uc740 \uacbd\uc7c1\uc774 \uce58\uc5f4\ud55c \ubd80\ubb38\uc5d0\uc11c \uc218\ucd9c\uc744 \uc9c1\uc811\uc801\uc73c\ub85c \ub298\ub824, \uc678\ud658 \uc218\uc9c0\uc5d0\ub3c4 \ub3c4\uc6c0\uc774 \ub41c\ub2e4.
    \ub610 \ud658\uc728 \uc555\ub825 \uc644\ud654\uc640 \uc120\uac70 \ubcc0\ub3d9\uc131\uc5d0 \uae0d\uc815\uc801\uc778 \uc601\ud5a5\uc744 \uc900\ub2e4.
    \uc774\ub7f0 \ub9e5\ub77d\uc5d0\uc11c \uae30\uc5c5\uc740 \uad6d\uc81c \uacbd\uc7c1\uc5d0 \ub300\ucc98\ud558\uae30 \uc704\ud574 \ube44\uc6a9 \uad6c\uc870\ub97c \uac1c\uc120\ud574\uc57c \ud55c\ub2e4.
    \ucd5c\uc18c \uad00\uc138\uac00 0%\uc774\uace0 \ucd5c\ub300 10%\uc778 \uc0c8\ub85c\uc6b4 \uc2dc\ub098\ub9ac\uc624\uc5d0\uc11c \ucca0\uac15\uacfc \uc54c\ub8e8\ubbf8\ub284\uc740 \ud3ec\ud568\ub418\uc9c0 \uc54a\uc73c\uba70, \ud560\ub2f9\ub7c9\uc5d0 \ub300\ud55c \ud611\uc0c1\uc740 \uc2dc\uac04\uc774 \ub354 \ud544\uc694\ud558\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":8759,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_themeisle_gutenberg_block_has_review":false,"_joinchat":[],"footnotes":""},"categories":[23,25,61],"tags":[],"class_list":["post-8758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-noticias-argentina","category-informes-economicos"],"_links":{"self":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/8758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8758"}],"version-history":[{"count":1,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/8758\/revisions"}],"predecessor-version":[{"id":8760,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/8758\/revisions\/8760"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/8759"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}