“We had a rope around our neck and now, a way to go,” said the president of Argentina, Alberto Fernández, this Friday announcing an agreement with the International Monetary Fund (IMF) to refinance the debt for US$ 44,500 million contracted in 2018. Since 2020, Argentina had been in a tough negotiation with the IMF to […]
Tag: argentina
Argentina and the IMF, stumbling over the same stone
Argentina reached this Friday with the International Monetary Fund (IMF) an agreement of extended facilities with which it will replace the stand-by for US $ 44,000 million signed in 2018 and whose maturities were concentrated in 2022 and 2023. “We had an unpayable debt that left us without a present or a future and now […]
OECD begins talks for accession of Brazil, Argentina and Peru
Updated on 01/25/2022 02:36 pm The Organization for Economic Cooperation and Development (OECD) announced that it will begin the process of discussions for the accession of Argentina, Brazil Y Peru as members. The opening of talks on the accession of these three Latin American and three European countries (Bulgaria, Croatia, and Romania) was decided at […]
They criticize Stiglitz for talking about an Argentine economic ‘miracle’
Joseph Stiglitz, a renowned Nobel Prize-winning economist, is facing a wave of criticism from his peers after he claimed that crisis-prone Argentina is witnessing “an economic miracle.” Stiglitz wrote a column for Project Syndicate in which he argues that the President’s administration Alberto Fernandez has implemented pro-growth policies that led to a recovery in the […]
Argentina seeks to attract foreign capital with a tourism investment law
Argentina will seek to attract tourism investments with an investment law for this sector that includes tax exemptions for all companies that decide to settle in the country, and the granting of loans at very soft rates. The Secretary for Tourism Promotion of the South American country, Yanina Martínez, explained the new strategy on the […]
Argentines protect themselves more from inflation than from devaluation
Investors have long relied on at least one thing in the wild and unpredictable Argentine markets: a big devaluation of the peso was looming and the best place to take refuge from this was bonds linked to the peso. dollar. Now, after focusing on this business for two years in a row, they are throwing […]
Big copper companies look at Argentina again, says McEwen
Huge deposits and more favorable policies have made Argentina at a point of attraction lithium in recent years. Now the world industry copper has turned to look at the South American nation. That’s the view of Rob McEwen, whose namesake company is drilling a property in San Juan province, near the Chilean border. Called Los […]
Drought collapses forecasts for Argentina’s corn and soybean harvest
Updated on 01/13/2022 09:01 am The Rosario Stock Exchange (BCR) on Wednesday dramatically reduced its harvest forecasts for Argentina’s 2021-2022 corn and soybeans to 48 million and 40 million tons, respectively, due to the drought accompanied by high temperatures that a month ago it affected agricultural areas. The new estimates are well below the 56 […]
COVID-19 breaks out in Argentina, but nothing stops vacationers
During the summer holidays, Argentina is listed as the Latin American country with the highest number of new COVID-19 infections. But without a higher incidence of mortality, the beaches have been filled with tourists eager to leave the bad times of the quarantine behind. Mar del Plata, a traditional summer destination on the Atlantic coast, […]
Peronist government of Argentina announces that it cannot pay 2021 maturities to the IMF
The argentine president Alberto Fernandez stated that your country cannot pay International Monetary Fund (IMF) this year’s debt maturities and questioned whether the agency is trying to impose an economic program based on the adjustment in the framework of the current negotiations to refinance a loan for about US $ 44,000 million. Fernández told AM […]