MIAMI, Fla. - As Miami's lazy beaches teem with Argentines weathering the crisis, Buenos Aires bankers back home are working overtime to find viable financing for exporters, the economy's main hope of survival. This is the sector everyone is looking to, not least because the country's export-backed deals have been the best performing (see ASR 9/16, p. 23).

"We're getting a lot of consultations," said Julio Pueyrredon, a partner at PricewaterhouseCoopers Argentina. "An exporter goes to a bank and they ask you for a 30% rate, but through a securitization maybe you can compete." The assets being looked at right now are the staples of Argentina's agricultural economy: beef, corn, wheat, seeds, sunflowers, and oatmeal. Forestry is attracting attention as well.

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