News of economy

Upcoming IMF report assessing 2018 loan promises to stir up local politics

03-12-2021 21:56 IMF’s board set to discuss report reviewing the record stand-by programme worth US$57 billion granted to the Mauricio Macri government.

Guzmán tells CGT he won’t sign ‘austerity agreement’ with IMF

03-12-2021 02:49 Economy Minister Martín Guzmán promises that "there will be no austerity" in Argentina and that his economic plan seeks to "create jobs and lower inflation."

Miguel Pesce: FX adjustment not included in IMF talks

02-12-2021 14:28 Negotiations to reach an agreement with the International Monetary Fund do not foresee an exchange-rate adjustment, said Central Bank chief Miguel Pesce.

Argentina pitches its weak currency to attract digital nomads

02-12-2021 14:08 To make up for lost tourism, Buenos Aires wants international remote workers to take advantage of favourable exchange rates.

Central Bank reserves at the limit as rumours swirl around Argentina

30-11-2021 21:40 Ecolatina consultancy firm forecasts that Central Bank reserves could end the year lower than in December 2020. Concerns remain about the level of money available to the BCRA, but economists rule out a potential 'corralito.'

by Brenda Funes

More than third of world has never used Internet, says UN

30-11-2021 21:20 Some 2.9 billion people – 37% of the world's population – have still never used the Internet, the United Nations said Tuesday.

Argentina introduces mandatory 10-day quarantine for arrivals from Africa

29-11-2021 13:08 As fears over spread of new Omicron Covid-19 variant sweep globe, Argentina's government announces all arrivals from Africa must undergo a 10-day period of mandatory isolation.

Fernández de Kirchner: Argentina faces 'historic moment of extreme gravity'

28-11-2021 22:46 Vice-President Cristina Fernández de Kirchner says Argentina is going through "a historic moment of extreme gravity" and warns a deal with the IMF will define "the future development" of the nation.

'It’s not Cristina': Argentina’s VP breaks silence, pushes IMF decision to Congress

28-11-2021 08:28 Vice-president breaks her silence on a deal between Argentina and the International Monetary Fund, saying the approval will be the responsibility of the entire Congress and that a deal is not her responsibility.

Rogelio Frigerio: ‘Juntos por el Cambio needs a more federal leadership’

26-11-2021 23:29 Fresh off the back of a convincing victory in the recent midterms, former interior minister Rogelio Frigerio discusses provincial politics, broadening the opposition coalition’s leadership and why Peronism only united for the election.

by Jorge Fontevecchia

Argentina tightens Covid rules amid fears over new variant

26-11-2021 20:04 Government introduces new Covid rules, including the implementation of a health pass to attend activities in closed spaces, amid growing concerns over a new coronavirus variant identified in South Africa.

Tech firms lead job recovery amid company exodus

26-11-2021 15:01 Argentina's tech sector is a bright spot that is creating jobs even as many companies are closing in a hostile business environment.

Still in the headlines: Diego Maradona’s ongoing legal disputes

25-11-2021 22:21 Diego Maradona’s death on November 25, 2020 has prompted a series of legal cases ranging from the determination of responsibility for his alleged killing to the distribution of the star’s multi-million-dollar inheritance.

Leftist must overcome history to win Chile presidential run-off

25-11-2021 16:26 As Chile gears up for the presidential run-off between candidates from opposite ends of the political spectrum, one thing is for certain: history isn’t on the side of leftist contender Gabriel Boric.

EU observers report irregularities in Venezuela vote

23-11-2021 14:11 An EU observer mission on Tuesday reported irregularities in Venezuelan elections for governors and mayors over the weekend, in which opposition parties participated for the first time since 2017.

Fractures and government power blamed for Venezuela opposition defeat

23-11-2021 14:09 The disastrous results suffered by Venezuela's fractured opposition in Sunday's regional elections were largely self-inflicted, according to analysts.

Cities should be quick to capitalise on growing numbers of digital nomads

20-11-2021 12:31 Cities like Buenos Aires, with high quality of life, human capital, levels of English, online connectivity, affordability, and vibrant cultural offerings, are well placed to attract digital nomads in the coming years.

by Fernando Straface, Secretary General & Secretary for Foreign Relations, Buenos Aires City Government

CNV announces more restrictions for those moving into dollars

20-11-2021 12:18 CNV tightens restrictions on operations for those seeking dollars via public bonds.

The second half

20-11-2021 11:54 Lessons from last Sunday’s election – and pointers for what lies ahead.

by Jorge Fontevecchia

Uncertainty hangs over presidential race as Chile votes

20-11-2021 09:30 Seven candidates – ranging from the far left to extreme right – are in the running to be Chile’s next president, among them Pinochet admirer José Antonio Kast.

Government seeks approval for 116 decrees, prompting opposition walkout

19-11-2021 03:01 Little sign of post-election dialogue as Juntos por el Cambio refuses to support debate on 116 presidential decrees. Ruling coalition wants DNUs approved by Senate before new lawmakers are sworn-in.

Fernández calls on opposition to help him 'mobilise the economy'

18-11-2021 09:28 Tens of thousands of government supporters marched on Wednesday to the Plaza de Mayo to mark 'Dia de la Militancia' and express their support for President Alberto Fernández.

IMF asks Argentina for a plan with ‘broad political and social support’

16-11-2021 14:17 First comments from IMF official after election; President Alberto Fernandez plans to send bill to Congress outline ‘multi-year’ economic programme.

Midterm elections deliver president polarised Congress

16-11-2021 11:31 President Alberto Fernández will face a polarised new Congress in December following Sunday's midterm elections.

Argentina's bonds climb as president promises new plan after vote

15-11-2021 12:32 Bonds gain after voters rejected the government’s handling of the economy in midterm elections and President Alberto Fernández promised to cooperate with opposition lawmakers on a new agenda.

Why the ruling coalition is celebrating an electoral defeat

15-11-2021 01:36 The optimism of Frente de Todos, despite the ruling coalition having lost its majority in the Senate. Challenges lie ahead.

by Javier Calvo

Initial results show opposition winning key races across country

14-11-2021 21:36 Opposition scores resounding victory in Buenos Aires City, while emerging with a lead in Buenos Aires Province; Preliminary results indicate that ruling Peronist coalition will lose majority in the Senate.

Massa: Alberto Fernández 'will call for dialogue with opposition' after vote

14-11-2021 17:14 President "will call for dialogue with opposition" after midterm elections whatever the result, says Lower House speaker as he casts vote.