The colossal cessation of payments that Argentina declared 20 years ago it will be remembered as one of the most resonant events in the country’s dramatic history as a “serial debtor”, a drastic measure, adopted in the midst of an unprecedented crisis, and the consequences of which have not yet been resolved. “We are going […]
Tag: argentina
Fall in reserves and deposits bring new financial clouds to Argentina
The loss of foreign exchange accelerated in recent months in Argentina, triggering new doubts about a fragile economy amid complex negotiations with the International Monetary Fund (IMF) to restructure a debt that the country cannot afford. The shortage of foreign exchange is a structural problem in Argentina, which in recent years caused a deep depreciation […]
Mercosur presidents agree to review common external tariff, without accession of Uruguay
Updated on 12/17/2021 03:23 pm Argentina, Brazil and Paraguay pledged this Friday to “continue the modernization” of Mercosur and to advance in the revision of the common external tariff, without the accession of Uruguay, in a virtual summit amid tensions in the bloc. In a joint statement issued at the end of the meeting of […]
Alberto Fernández proposes that Buenos Aires cease to be the Argentine capital
The president of Argentina, Alberto Fernández, refloated the idea that Buenos Aires cease to be the capital of the country to become another city, in order to reduce the strong inequalities in territorial development. “Every day I wonder if the capital city of Argentina would not have to be in a place other than Buenos […]
Argentines have advice for Americans affected by inflation
For many Americans, the sudden burst of inflation that has rocked the economy has been disorienting. Consumer prices have been so stable for so long in the United States that the population is a bit rusty with the basic tactics of the inflationary era. So for advice, we turned to people who have become experts […]
IMF and Argentina are “totally committed” to a new economic program; more negotiations to go
Updated on 12/10/2021 03:53 pm The International Monetary Fund (IMF) and Argentina are “fully committed“To achieve a new program, the lender said on Friday, although more talks are needed following recent technical meetings between the two sides in Washington. The southern country is seeking a new agreement with the IMF to face the payment of […]
IICA and Argentina highlight the value of science to transform agriculture
The Institute Inter-American Cooperation for Agriculture (IICA) and the Government of Argentina They agreed this Tuesday on the importance of science and technology to transform agri-food systems towards greater sustainability hand in hand with productivity. The Director General of IICA, Manuel Otero, met in Buenos Aires with the Argentine Foreign Minister, Santiago Cafiero, and they […]
Hopes for an Argentina-IMF agreement are growing, but at what cost?
Two decades ago the leftist leader Alejandro Bodart marched through the streets of Buenos Aires to protest against the International Monetary Fund (IMF), which many Argentines then blamed for the ‘austerity measures’ that aggravated the worst economic crisis in the history of the country. Now the drums of war are beating again for Bodart, who […]
Aesthetic surgeries are multiplying in Argentina and there are concerns about the impact of networks
The amount of Cosmetic surgeries has multiplied this year in Argentina, due to the effect of digitization and delayed interventions during the pandemic, according to the professional sector of surgeons, who are concerned about the impact of social networks and the increasing use of Instagram filters on patient demand. “The number of plastic and reconstructive […]
The “corralito” of 2001, a “leap into the void” that still impacts Argentina
The banking corralito in Argentina, whose creation was completed last Wednesday 20 years, constituted a “leap into the void” that only accelerated the outbreak of one of the worst economic, social and political crises in the country and whose consequences still impact on its complex economy. The restrictions to withdraw the money deposited in the […]