News of luis

IMF: Formal talks over new deal with Argentina have begun

19-12-2024 21:09 The International Monetary Fund and Argentina have formally begun negotiations over a new loan agreement as the current programme draws to a close.

ANALYSIS: SHOCK THERAPY

Argentina takes steps to speed up Milei’s dollarisation strategy

19-12-2024 15:38 Argentina’s government is working with major banks and payment firms to advance Javier Milei’s dollarisation strategy.

NEW IMF PROGRAMME

IMF in talks with Argentina on loan to succeed US$44-billion deal

19-12-2024 14:13 International Monetary Fund confirms it has formally opened talks with President Javier Milei's government over a new loan programme to replace its existing US$44-billion deal.

ECONOMIC POLICY

Milei, Caputo increasing bullish as they outline new IMF deal timeline

19-12-2024 09:50 Argentina eyes fresh accord with the International Monetary Fund in the first third of next year, with President Milei confident of strong support, both at the Fund and on trade, from incoming US president Donald Trump.

BILATERAL SPAT

Chile sends note of protest to Argentina after Caputo's criticism of Boric

19-12-2024 09:25 Chile has sent a note of protest to Argentina’s government after its economy minister Luis Caputo branded President Gabriel Boric a "communist" who will "sink" the nation.

EX-BOLIVIAN PRESIDENT

Bolivia prosecutor seeks Morales arrest over 'trafficking' of minor

17-12-2024 08:43 Bolivian prosecutor issues arrest warrant for ex-president Evo Morales on suspicion of "trafficking" a 15-year-old girl while he served in office.

MILEI AWAITS TRUMP

IMF moves goal-posts for Argentina – no definitions until April

13-12-2024 15:25 The International Monetary Fund has presented Javier Milei with two conditions which must be met before any further remittance beyond the US$44.5 billion loaned to Mauricio Macri – obtain Congress endorsement for taking on new debt and making structural changes.

by Carlos Burgueño

EU-MERCOSUR TRADE DEAL

EU reaches long-sought Mercosur deal despite French objections

06-12-2024 12:47 European Union and Mercosur bloc clinch trade deal despite objections of France, which will try to block process; Signing and ratification process could take as long as 18 months.

future of mercosur

Milei: Mercosur has ‘ended up becoming a prison’ for members

06-12-2024 12:28 Argentina’s President slams Mercosur protectionism at summit and calls for "new formula" for regional bloc, stating it has been a “stumbling block to the progress of Argentines.”

BUSINESS & FINANCE

'Forbes' magazine names Argentina's five-richest billionaires

03-12-2024 16:08 US magazine 'Forbes' has published its traditional survey looking at the 50 most wealthy Argentines –

CAPITAL CONTROLS

Trump adviser Laffer tells Argentina ‘get it done now’ on capital controls

03-12-2024 15:19 Arthur Laffer has a word of advice for Argentina: Scrap capital controls now.

ANALYSIS

Too stable? Uruguay's model election masks problems

27-11-2024 10:00 Election day passed off peacefully in Uruguay, with the losing candidate accepting defeat gracefully. But underneath the surface, Argentina's neighbour faces a raft of issues, including growing disenchantment with the political system.

MERCOSUR SUMMIT

President Milei to attend first Mercosur Summit in Montevideo

26-11-2024 10:41 After his absence in Asunción, President Javier Milei is set to attend his first Mercosur summit in Montevideo next week; talks will focus on the long-stalled EU free trade deal, though Argentina's leader is expected to criticise the bloc's functioning.

POLITICS IN URUGUAY

Orsi, Uruguay's president-elect, visits mentor Mujica after run-off win

25-11-2024 22:22 Frente Amplio leader Yamandú Orsi, who won last Sunday's presidential run-off plays up ties to ex-president Jose 'Pepe' Mujica ahead of taking office.

URUGUAY ELECTIONS 2024

Frente Amplio returns to power in Uruguay as Orsi wins run-off

25-11-2024 10:44 Frente Amplio's Yamandú Orsi is elected president of Uruguay after Sunday's run-off; Leftist leader calls for national dialogue in a speech to supporters after results.

URUGUAY ELECTION 2024

Uruguay readies for polls with Frente Amplio hoping for comeback

22-11-2024 10:03 Álvaro Delgado of outgoing president Luis Lacalle Pou's ruling coalition, and Yamandú Orsi, of the left-wing Frente Amplio coalition, go head-to-head in the Uruguay's presidential election run-off.

WORLD CUP QUALIFERS

Argentina beat Peru in Buenos Aires as Uruguay hold Brazil

20-11-2024 10:40 Argentina secured a 1-0 win over Peru with a stunning Lautaro Martínez volley to remain top of the CONMEBOL World Cup qualifying standings going into the New Year.

FOOTBALL & POLITICS

Clubs or companies? Milei takes on football authorities

12-11-2024 21:18 Most football clubs In Argentina are non-profit civil associations controlled by the members, who pay a monthly fee and have voting rights. President Javier Milei, however, wants to open up the game to private capital.

ANALYSIS

Milei hints at FX policy move after inflation slows below 3%

12-11-2024 17:23 Inflation slowed more than expected last month to its lowest level in three years, buoying an already ebullient President Javier Milei.

ECONOMIC REPERCUSSIONS

Dollars, IMF, cepo – Economy Ministry’s expectations after Trump triumph

06-11-2024 23:59 The government is betting on ideological overlap between Milei and Trump helping Argentina to obtain the financing required to face the need for dollars.

by Ezequiel Orlando

LOCAL REACTION

Argentina’s right celebrates Trump’s victory in US election

06-11-2024 15:39 Figures from Mauricio Macri’s PRO party celebrate Republican leader’s win in US presidential election as Milei government officials revel in news.

Political crisis in Bolivia

Supporters of Bolivia's ex-leader Morales detain 200 soldiers

04-11-2024 12:40 Supporters of former Bolivian president Evo Morales are holding at least 200 soldiers hostage in Chapare Province, the Foreign Ministry says.

POLITICS

The 'Caputo Clan': A family linked to politics and power

02-11-2024 07:36 The Caputo family has been involved in Argentina's politics for some time, though its most recent star, presidential advisor Santiago Caputo, was an unknown until Javier Milei rose to office. A look at the family tree of a clan long linked to politics and power.

by Giselle Leclercq

Political crisis in Bolivia

Bolivia's Evo Morales points finger after shooting attack on vehicle

28-10-2024 12:49 Former Bolivian president Evo Morales said gunmen fired a hail of bullets at his car Sunday as he travelled to a radio interview in the central city of Cochabamba, wounding his driver.

ANALYSING ARGENTINA

The Caputos spread their tentacles over the Mileis

26-10-2024 05:37 Not so long ago, two Caputos in Milei's inner circle seemed one too many. But now, Santiago and Luis Caputo are working closely in tandem.

by Marcelo J. García

IMF PROGRAMME

IMF confirms Argentina ‘exploring’ new financing programme

25-10-2024 17:26 Argentina’s government is “exploring options” for a new financing programme with the International Monetary Fund, confirms top official.

MALVINAS SOVEREIGNTY DISPUTE

Government seeks culprit after paper referencing 'Falklands' slights out

23-10-2024 23:28 Malvinas mishap as Defence Ministry refers to the Malvinas Islands as "Falklands" in a statement, sparking criticism from within and outside the government and a promise to fire culprit allegedly "guided by left-wing ideology."

POLITICS & ECONOMY

Argentina seeks US$2.7-billion line to cover debt maturities

23-10-2024 20:39 Argentina’s government is in talks with several banks to obtain a loan agreement of around US$2.7 billion for about three years in order to meet its principal debt obligations next January.

IMF CREDIT LINE

Caputo says Argentina in talks with IMF over new deal, fresh funds

23-10-2024 13:58 After being hailed as “finance minister of the year” by a magazine in Washington, Argentina’s Economy Minister Luis Caputo Caputo said talks with the International Monetary Fund over a new agreement that includes fresh funds are underway.

Economic Recovery

Top private bank Galicia expects lending business to surge

23-10-2024 11:36 Galicia, Argentina’s largest private bank, is expecting loaning business to surge in the portfolio, a sign of what some say is economic recovery in Argentina.

CLUB FOOTBALL

Messi's Inter Miami to play in FIFA's Club World Cup in 2025

20-10-2024 08:09 Lionel Messi and Inter Miami will feature in next year's expanded FIFA Club World Cup, FIFA president Gianni Infantino announced on Saturday.

EDITORIAL

Obscurity obstructs security

19-10-2024 06:46 Both Peronism and the business world are undergoing a transitional phase.

POLLING – ANALYSIS

Milei on alert over Karina’s performance in polls

16-10-2024 14:32 Argentina’s government was shocked by numbers that have emerged from surveys conducted in Buenos Aires Province showing many voters would not even consider voting for President Javier Milei’s sister.

by Ramón Indart

CAPITAL CONTROLS

Why Milei can’t lift currency controls any time soon

16-10-2024 12:15 Argentina has had strict currency controls in place for the past nine out of 13 years. President Javier Milei wants to get rid of them, but for now, he's sticking to the existing regime.

Uruguay election 2024

US$23-billion pension vote overshadows Uruguay’s upcoming election

16-10-2024 11:35 In the middle of Uruguay's presidential election, citizens are battling with a US$23-billion pension vote that would increase minimum payouts, lower the retirement age and transfer privately managed savings to a government-run trust.

Political crisis in Bolivia

Supporters of ex-Bolivia leader Morales block roads over possible arrest

15-10-2024 15:32 Groups of protesters block key roads in Bolivia in response to probable arrest of former president Evo Morales, who is under investigation for the alleged abuse of a minor while in power.

FILM & CINEMA – INTERVIEW

Luis Ortega: ‘What interests me is the possibility of a miracle on film’

14-10-2024 06:28 Filmmaker, screenwriter and producer Luis Ortega goes back to familiar ground with sports comedy-drama thriller ‘El Jockey’ ('Kill the Jockey'), a powerful new film set in a unique world.

by Juan Manuel Dominguez

ENERGY & GAS

Bolivia natural gas shortage sends economy teetering

09-10-2024 13:57 Bolivia's once powerful natural gas industry is now on the verge of collapse as a result of a lack of investment and maintenance. The fall of the state-supported industry has sent shockwaves through Bolivia's economy.

ECONOMY & POLITICS

Banco de la Nación wants to sell debt after a 30-year hiatus

09-10-2024 12:11 Daniel Tillard, the new head of Argentina’s largest bank, wants state-run Banco de la Nación to re-enter international capital markets for the first time in three decades.

Marcha federal universitaria

Milei faces fresh protest in Argentina over cuts to universities

02-10-2024 22:31 Public university staff and students take to streets to protest against Milei’s forthcoming veto of a bill that would raise salaries to compensate for sky-high inflation.

culture

Argentina’s ‘El jockey’ wins best Latin American film at San Sebastián

29-09-2024 21:55 Luis Ortega's film 'El Jockey' chosen as best Latin American feature at San Sebastián Film Festival.

Politics & Economy

Leftist Uruguay presidential candidate pledges to achieve primary fiscal surplus

25-09-2024 18:12 Uruguay’s leading presidential candidate, Yamandu Orsi of the opposition Frente Amplio coalition, says he will aim for primary fiscal surplus by the end of his term if he wins the October election.

INTERNATIONAL AFFAIRS

Brazil, Spain struggle to shake criticism as Maduro enablers

25-09-2024 18:06 At a recent United Nations gathering, Brazilian President Lula and Spanish Prime Minister Sánchez faced scrutiny for their ambiguous stance on Nicolás Maduro's regime in Venezuela.

International Monetary Fund

Argentina may combine final two IMF reviews before new talks

25-09-2024 09:10 Government may condense negotiations with IMF staff on its US$44-billion programme before opening talks on a new agreement that could include new money, Economy Minister Luis Caputo told investors Tuesday in New York.

Protests in Bolivia

Ex-president Morales issues Arce 24-hour ultimatum to shake up cabinet

24-09-2024 17:54 Former president Evo Morales advanced on Monday towards La Paz with thousands of followers, part of a tense protest that began a week ago against the government of Luis Arce, his former ally.

MILEI IN NEW YORK

Milei lays out clearer currency path as his popularity begins to dip

24-09-2024 11:05 In his Wall Street debut, Javier Milei tells investors at the New York Stock Exchange that currency restrictions will be lifted “when the rate of inflation in the macroeconomic programme is zero.”

UNREST AT STATE AIRLINE

Government responds to Aerolíneas union strikes with sell-off threat

19-09-2024 15:27 Milei administration warns striking aviation workers, says it has opened talks with private companies over the privatisation of state carrier Aerolíneas Argentinas.

INVESTMENT

Milei government enthused by initial RIGI investment commitments

18-09-2024 18:03 Two multinationals from the automobile sector and a large energy company have committed investments since passage of the RIGI investment incentive scheme.

by Martín Fernández Nadale

Tension in Bolivia

Bolivia’s President Luis Arce charts exit from financial crisis

17-09-2024 15:17 Bolivian President Luis Arce vows to prioritise fuel imports and debt payments as he navigates the dollar shortage that has taken the nation on the brink of chaos.