News of batakis

Inflation hit 7.4% in July – highest monthly rate since April 2002

11-08-2022 19:11 Official data reveals prices in Argentina up 71% over the last 12 months; prices have surged by 46.2% so far this year according to INDEC.

Analysts estimate inflation could surpass 90% this year

10-08-2022 23:09 Annual inflation moves ever closer to three digits amid widespread changes at Argentina’s Economy Ministry.

Batakis, ousted while in Washington, pledged to honour IMF deal

01-08-2022 15:43 Batakis returns from IMF huddle in Washington prodding for a more benign agreement without results and with a new job.

‘Super’ economy minister faces mounting crisis ahead

01-08-2022 14:10 Following days of uncertainty during the absence of then Economy Minister Silvina Batakis in Washington, the cabinet changes under study by President Alberto Fernández since midweek started falling into place soon after her return Thursday with Congress Speaker Sergio Massa the new “super-minister.”

Argentina’s bonds rise amid reports of a cabinet shakeup

28-07-2022 15:34 The markets have responded favourably to rumours Economy Minister Silvina Batakis could be replaced by lower house speaker Sergio Massa, which was reported by local media late Wednesday night.

Argentina cabinet reshuffle: rumours of another new economy minister

28-07-2022 13:23 Argentine Government is changing again: Béliz resigns, rumours abound that Sergio Massa will replace Silvina Batakis as economy minister.

Argentina unveils currency measures as black-market peso slumps

21-07-2022 19:28 Foreign tourists can exchange up to US$5,000 in a new exchange rate revealed by the government, which is attempting to perk up the currency after a slump for the ‘dólar blue'

Biden’s positive Covid test may derail meeting with Alberto Fernández

21-07-2022 16:24 The White House announced this morning that President Joe Biden is isolating after testing positive with Covid-19, likely affecting Argentine President Alberto Fernández’s Washington visit, planned for 26 July.

by Isobel McGrigor

Argentina’s economic signals need stronger backing, analysts say

13-07-2022 12:28 Analysts say moderate, prudent policy signals that Economy Minister Silvina Batakis announced Monday lack political support, face execution risks and won’t fix the country’s structural problems.

Argentine debt plumbs new depths as political tensions mount

11-07-2022 15:43 Even by the standards of Argentina’s debt crisis and default of 2020, the nation’s sovereign bonds are now trading at unprecedented lows.

The capitulation of Martín Guzmán and the struggle of Sergio Massa

09-07-2022 07:30 After a weekend of fury, a newly reconfigured power structure has been put in place that promises to keep us on our toes, with the vice-president continuing to gain territory.

by Agustino Fontevecchia

Leaps in the dark

09-07-2022 06:00 Always subordinating economic policy to electoral strategy in classic populist style, Cristina Fernández de Kirchner seems convinced that a 2023 election irretrievably lost with Martín Guzmán’s IMF orientation can be turned around with an extreme transformation.

Paris Club requires Argentina stick to IMF deal to rework debt

07-07-2022 14:20 Paris Club group of wealthy creditors says government must give assurances that it will comply with IMF deal if talks over restructuring of debt are to continue.

Trade secretary dumped with Scioli and La Cámpora defining Batakis’ team

07-07-2022 01:24 Guillermo Hang leaves post after just over six weeks in role; New economy minister’s team begins to take shape.

Argentina's bonds, currency plunge on Batakis' first day in office

05-07-2022 17:04 Argentina’s global bonds fell the most since they were issued nearly two years ago as Silvina Batakis assumes office.

Batakis sends message to markets as she’s sworn-in as economy minister

04-07-2022 22:17 Argentina’s new economy minister Silvina Batakis says she believes in “fiscal balance” and says Argentina needs “more exports” and to “revalue our currency.” Vowing to talk to the IMF soon, she says that the government's segmentation plan to alter subsidies for public utilities will continue.

Argentina’s black market peso sinks on economy minister shake-up

04-07-2022 14:16 Argentina’s black market exchange rate tumbled on Monday after left-leaning economist Silvina Batakis was appointed as the new economy minister.

Fernández and CFK chose Silvina Batakis as Argentina's new economy minister

03-07-2022 22:55 After lengthy negotiations at the Olivos presidential residence, President Alberto Fernández appoints Silvina Batakis to replace Martín Guzmán, who resigned amid a crisis in the ruling Frente de Todos coalition.