Argentina’s defense of its fiscal spending plan is putting it on a new collision course with the International Monetary Fund (IMF), although analysts believe that the South American country will be forced to change its position and close a deal to avoid a even bigger crisis. The Argentine government and the IMF have been in […]
Tag: argentina
Cuba wishes Argentina success at the head of Celac
Updated on 08/01/2022 11:50 am The president of Cuba, Miguel Díaz-Canel, wished this Saturday success to Argentina in the protémpore presidency of the Community of Latin American and Caribbean States (Celac), a regional group created in 2010. The Cuban leader also acknowledged on Twitter the work of Mexico, which in the last two years presided […]
Javier Milei will raffle his salary as a deputy: how much will the winner receive?
Updated on 07/01/2022 09:35 am The Argentine economist Javier Milei promised in the electoral campaign to raffle off his salary as a national deputy and the response from his followers has been overwhelming: just after the registration was opened, the website collapsed with the entry of more than a million people. So far, more than […]
Central Bank of Argentina raises benchmark rate to 40% and redesigns financial instruments
Updated on 01/06/2022 07:17 pm The Central Bank of Argentina (BCRA) decided this Thursday to increase its reference rate by two percentage points, to 40% per year, and ordered a general redesign of the monetary policy instruments to reinforce the conditions of macroeconomic stability. The 28-day liquidity letter ‘Leliq’, which remained at 38% since November […]
The negotiation between Argentina and the IMF is approaching its “D-day”
Negotiations between Argentina and the International Monetary Fund (IMF) to refinance multi-million dollar loans granted in 2018 have been going on for more than a year and there is still a lack of consensus on core points, while heavy debt maturities are approaching as of March that the South American country will not is in […]
Argentina suspends exports of popular cuts of beef
The Argentine government published a series of regulations on Monday that set the conditions for exporting beef in 2022 and 2023, including the two-year suspension of cuts “preferred”By Argentine consumers. Through decree 911/21, cuts “preferred”By the Argentines, that is, roast with or without bone, skirt, matambre, roast cover, buttock, shoulder and vacuum, by limiting the […]
Argentina tests for COVID-19 on everyone who enters the country on the third day of arrival
Updated on 01/03/2022 02:37 pm Argentina reported that both its citizens and foreigners who arrive in the country must be tested for COVID-19 due to the increase in cases due to the omicron variant, according to official sources. “From the proliferation of omicron, a variant with an increased risk of transmission and reinfection compared to […]
Boric’s triumph opens a new scenario in the relationship between Chile and Argentina
The triumph of the leftist Gabriel Boric in the recent presidential elections in Chile awakens several unknowns in Argentina on the future of the economic relationship between both countries and the South American regional integration process. The victory of Boric, who will succeed the conservative Sebastián Piñera in the Presidency of Chile from March, was […]
Argentina reports a new record of 42,032 new cases of COVID-19
Argentina reported this Wednesday a record 42,032 new cases of COVID-19, bringing the total number of positives to 5’556,239, confirming the vertiginous increase in infections that the country is going through in its third wave of the pandemic. The number of positives notified this Wednesday exceeds the previous historical mark of 41,080 cases that had […]
Former Argentine President Macri publishes a lapidary letter against the Peronist government
The former Argentine president Mauricio Macri (2015-2019) published a letter on his social networks in which he points out “the lies and the innumerable wrong decisions” made by the Peronist administration of Alberto Fernandez in the last two years. “A year is ending that is actually almost two, because lies and innumerable wrong decisions made […]