Inflation does not let up Argentina and advances above the projections managed by the Central Bank, after being located last April at 108.8% year-on-year and 8.4% monthly, 4.5 and 0.9 points more than in March, respectively. Consumer prices reported this Friday by the National Institute of Statistics and Censuses (indec) beat the forecasts of the […]
Tag: Alberto Fernandez
Inflationary and exchange rate tension in Argentina grows six months after the elections
The tension generated by the inflationary and exchange rate cocktail that Argentina It is increasing with six months left before the presidential elections are held and without either the government or the political opposition sectors giving clear signals on how they intend to resolve the deep macroeconomic imbalances in the South American country. The week […]
Uncontrolled inflation in Argentina reaches 102.5% in 12 months to February
The retail price index in Argentina It increased 6.6% in February over January and exceeded 100% in 12 months, according to data from the INDEC statistical institute published on Tuesday. Inflation reached 102.5% in the last rolling year, one of the highest records in the world, although the phenomenon is chronic after almost 50 years […]
Argentina seeks more financing in economic projects from China
The Argentine Minister of Economy, Sergio Massa, held a meeting this Friday with the Chinese ambassador, Zhou Xiaoli, with the intention that both nations carry out projects to promote economic development, according to official sources. According to a statement from the Palace of Finance, Massa raised with the diplomat the possibility of visiting China at […]
Argentina achieves 64% adhesion for the exchange of its local debt
Government Argentinian achieved an average adherence of 64% for the voluntary exchange of its sovereign debt in local currency, an initiative announced last Monday with the aim of alleviating the burden of short-term maturities and providing greater certainty to the financial system, as announced this Thursday. According to sources from the Ministry of Economy, this […]
Argentina announces increases for retirees to offset losses due to inflation
Argentina announced this Friday an increase in retirement and pensions of 17.04% along with a bonus of 15,000 pesos for 3 months (78 dollars) for those who receive the lowest pensions, which will raise the minimum retirement to 73,665 pesos (386 dollars). The Minister of Economy, Sergio Massa, together with the director of the National […]
Ukraine, EU-Mercosur agreement and investments are the focus of the Scholz-Fernández talk
the war on Ukrainethe ratification of the free trade agreement between the European Union (EU) and the Southern Common Market (mercosur) and investments in projects of various kinds were the focus of the meeting held this Saturday between the German Chancellor, Olaf Schölzand the Argentine president, Alberto Fernandez. With this meeting, the head of the […]
Germany highlights the importance of concluding the EU-Mercosur agreement in a meeting with Fernández
The head of the government German, Olaf Schölzmet on Saturday in Buenos Aires with the Argentine president Alberto Fernandezin which they affirmed the importance of concluding the agreement between the European Union and the mercosur. “We agree on deepening bilateral trade relations and for this the agreement of the European Union (EU) with Mercosur is […]
Why the plan for a South American currency does not make sense
“It is not far from the fact that El Salvador has adopted bitcoin”, said Kenneth Rogoffwho became chief economist at the IMF just in time to witness the macro devaluation of the Argentine peso in 2001. Olivier Blanchard, who took office a few years later, simply called it a “wild”. The Brazilian Finance Minister, fernando […]
Brazil seeks to promote Celac as a platform for Latin American integration
The VII Summit of Latin American and Caribbean States (CELAC) this Tuesday in Buenos Aires seeks to promote the integration of countries that are going through multiple political and economic crises, under the influence of the renewed drive of Brazil after the assumption of Luiz Inacio Lula da Silva. The meeting of this forum made […]