News of development

Musk says Trump 'shutting down' US humanitarian aid agency

03-02-2025 13:07 Experts warn move would to close US$40-billion USAID humanitarian agency could be a "disaster for US foreign policy."

POLITICS & ECONOMY

Chau Evita? Milei officials eye demolition of iconic BA building

21-11-2024 19:29 Evita must be trembling in heaven – President Javier Milei’s government is evaluating the future of an iconic building on Avenida 9 de Julio. Will the site, once home to state ministries, face the libertarian chainsaw?

MULTILATERAL FUNDING

Latin American development bank announces US$3.8 billion in aid

14-10-2024 11:57 Ilan Goldfajn, head of the Inter-American Development Bank (IDB) voices clear support for President Javier Milei’s reforms and quest for fiscal balance.

FOREIGN POLICY & DIPLOMACY

Argentina's OECD ascension bid is 'marathon, not sprint,' says top official

31-08-2024 09:15 Argentina should be ready to file a self-assessment paper by the end of the yer, says Organisation for Economic Cooperation and Development chief Mathias Cormann.

ECONOMIC OUTLOOK

OECD: Argentina's inflation rate to soar to 250% this year

05-02-2024 10:02 Annual inflation rate expected to skyrocket to 250.6% in 2024, forecasts Organisation for Economic Cooperation and Development.

ECONOMIC OUTLOOK

OECD: Argentina should think about ‘effectiveness of its social spending’

29-11-2023 12:22 OECD warns Argentina to assess "effectiveness of social spending" as it issues gloomy forecast for economy over next two years.

NEW FUNDING

Massa announces US$1.3 billion in funding from IDB, World Bank

22-08-2023 21:52 World Bank and Inter-American Development Bank to loan Argentina around US$1.3 billion, announces Economy Minister Sergio Massa from Washington.

Economy

Argentina's reserves fall to 17-year low after US$2.6-billion payment to IMF

01-08-2023 16:28 Argentina's Central Bank reserves drop to 2006 levels, raising currency devaluation concerns amid high inflation and an upcoming recession.

Economy

IMF to loan Argentina as much as US$10.8 billion this year

31-07-2023 16:08 The International Monetary Fund has agreed to provide Argentina with up to US$10.8 billion in loans as part of a refinancing agreement, allowing the country to navigate its economic challenges ahead of the presidential elections, but meeting the fiscal and reserve accumulation goals will pose significant challenges according to analysts.

MASSA IN CHINA

With Brazil’s backing, Argentina wins acceptance to BRICs bank

01-06-2023 19:01 Surprise announcement delivered by New Development Bank chief, former Brazil president Dilma Rousseff; BRICS members will formally discuss Argentina’s entry in August, but move has support of institution’s board.

BRICS SUMMIT

BRICS strive to counter US with expansion, shared currency

01-06-2023 12:30 The BRICS group is ramping up its bid for greater global influence and to challenge the US, sensing a moment to capitalise on a splintering world order to build out its ranks.

Food & energy

Argentina secures US$500-million Saudi investment on food, energy

14-04-2023 08:46 State-run Saudi fund putting money into food and energy projects in Argentina, though details few and far between.

REGIONAL OUTLOOK

IDB predicts 'difficult' 2023 for Latin America

20-03-2023 10:49 Latin America and the Caribbean will experience a "difficult" 2023 with barely one percent growth due to global uncertainty, Inter-American Development Bank warns.