News of Ariel Maciel

Ariel Maciel

Editor de Economía Política en Perfil.com - Mail: [email protected]

Argentina at risk of falling onto FATF money-laundering ‘grey list’

31-08-2024 05:54 President Javier Milei wants to introduce a ‘blanqueo’ whitewash amnesty for undeclared assets. But his plan could see Argentina fall foul of the Financial Action Task Force money-laundering watchdog. RIGI multi-billion dollar investment incentive scheme is also under scrutiny.

by Ariel Maciel

Three gold bars each weighing 25 kilogrammes each (stock image).

YPF CASE

Could Argentina's gold reserves be seized due to YPF debt?

25-07-2024 18:02 The government’s plan to get liquidity and show financial fortitude has opened a window of uncertainty in the face of possible international suits. There are priors which support the alert, and others that play it down.

by Ariel Maciel

HUMAN RIGHTS

CELS rights group proposes 'Pact of March' to protect democracy

20-03-2024 16:31 Influential rights NGO criticises “denialism” warns against incorporation of military officers into government and calls for cross-party ‘Pacto de Marzo’ to guarantee rights and democracy.

by Ariel Maciel

A mna walks past a poster depicting Economy Minister Sergio Massa, presidential candidate for the Unión por la Patria party, on a horse, in Buenos Aires on November 7, 2023.

ELECTION 2023

As run-off nears, Massa draws a yuan bridge to avoid IMF pressures

14-11-2023 11:28 When an agreement was reached in August, the IMF’s board of directors wanted to distance itself from Argentina’s electoral process, preparing for the next stage of negotiations with the future government. An informal meeting, held after the October 22 elections, has placed in doubt the remittance of US$3.3 billion which the country needs to meet debt deadlines. The Economy Ministry has assembled a safety buffer with the Chinese currency swap, hoping to reach the next harvest in acceptable shape.

by Ariel Maciel

ELECTION 2023

With no devaluation on cards, Massa seeks to tame tense FX market

23-10-2023 14:00 Argentina's electoral result will offer its economy minister some breathing space, but consistent foreign exchange interventions by the Central Bank portends more pressure for parallel exchange rates.

by Ariel Maciel

ELECTION 2023

Tense election week: shortages, pre-emptive increases and dollarised prices

19-10-2023 15:21 A few days away from the presidential election, devaluation fears are spreading.

by Ariel Maciel

National lawmaker and presidential candidate for the La Libertad Avanza party, Javier Milei, smiles during the presidential debate in Santiago del Estero, on October 1, 2023, ahead of the October 22 presidential election.

'Círculo rojo'

Business world recalculates in face of Milei wave

05-10-2023 15:29 One sector is "worried" by the advance of a mood which could affect business institutions. A new ‘grieta’ chasm has opened up between the "prebendarios" (those living off the state) and "autónomos" (self-financing). A youthful sector of the economic elite already backs the libertarian.

by Ariel Maciel

election 2023

Three-thirds and no plan: US concerns about Argentina's future

06-09-2023 14:32 Joe Biden's government wants to "build a bridge" to prevent Argentina’s economic crisis from turning into social devastation, sources say. The two faces of Macri's influence: key to stabilisation, he is a reminder of the "frustration effect" generated by Cambiemos government.

by Ariel Maciel

ELECTION 2023

Sergio Massa draws up plan to seduce Argentina's agricultural sector

26-07-2023 18:12 A Farming and Food Sector Table has been created to campaign in towns. The presidential hopeful broke a streak of nearly 20 years without Peronist referents at the Rural Exposition. The dream of freedom from the farming sector with the growth of energy and mining.

by Ariel Maciel

ECONOMIC MEASURES

Business establishment accuses Sergio Massa of 'distorting' markets

25-07-2023 17:57 Argentina's most powerful corporate chambers have reported rising costs and warned about new price increases. They pointed out that the new taxes should have been passed by Congress.

by Ariel Maciel

Sergio Massa and Kristalina Georgieva, head of the IMF.

IMF DEAL

Massa-IMF: secret meeting with Georgieva, agreement on horizon

20-07-2023 16:57 Serio Massa fine-tunes negotiations with the head of the IMF. Two other officials travelled to Washington for the fine print. Key backing from US, Germany and China.

by Ariel Maciel

Sergio Massa at the close of the annual CAMARCO construction industry convention in June, 2023.

The 'círculo rojo'

Business leaders expect devaluation in December, no matter who wins

29-06-2023 00:37 The ‘establishment’ is sure that a sharp devaluation of the peso is on the cards and sees a consensus among the most competitive candidates.

by Ariel Maciel

Economy Minister Sergio Massa with his team.

ELECTIONS 2023

Massa assesses options ahead of impending electoral decision

08-06-2023 01:07 Argentina’s economy minister is poised to define his future in the Cabinet. Three key scenarios for sustaining calm on the money markets. A tense relationship with Alberto Fernández and a wink from Cristina Fernández de Kirchner.

by Ariel Maciel

Deputy Máximo Kirchner visits Fudan University.

BUENOS AIRES & BEIJING

Airing IMF criticism, Máximo Kirchner deepens ties with China

02-06-2023 10:02 National deputy and La Cámpora leader slams International Monetary Fund’s recipes for “indebted countries” during visit to China.

by Ariel Maciel

AMCHAM SUMMIT

Relief for business leaders as Massa and Rodríguez Larreta charm AmCham

11-05-2023 19:51 Preferred candidates for 2023 election talk up dialogue and air pro-market visions, with talk of alignment with Washington prompting sigh of relief from US business leaders

by Ariel Maciel

Central Bank Governor Miguel Ángel Pesce and Economy Minister Sergio Massa.

BLACK TUESDAY

Massa’s disobedience, Kirchnerite fury and inflation fears

26-04-2023 11:05 Economy Minister Sergio Massa will force a political debate in the wake of exchange rate crisis. Kirchnerism once again points finger at agricultural producers.

by Ariel Maciel

Economy Minister Sergio Massa, pictured with business leaders.

SOARING PRICES

Inflation at 140% – industry leaders forecast alarming new ceiling

17-04-2023 15:52 Industry leaders are adjusting their accounts and forecasting a monthly inflation rate of at least six percent per month until the end of the year – provided there is no devaluation.

by Ariel Maciel