News of economy

IMF official says timing of new debt deal depends on Argentina

16-04-2021 13:55 IMF Western Hemisphere Director Alejandro Werner says a lot of “advanced work” on a new financing programme for Argentina has been completed. But the timing of a new deal depends on the Alberto Fernández administration, he adds.

Guzmán discusses debt with Pope Francis at the Vatican

14-04-2021 12:33 Economy Minister Martín Guzmán met with Pope Francis at the Vatican on Wednesday, the latest stop on his European tour seeking support for Argentina's IMF debt talks.

Passing up PASO

10-04-2021 08:16 The PASO primaries system now stands at a crossroads between postponement, suspension and even elimination. Neither the government nor the opposition speak with a single voice on this issue where public health realities are as much a factor as political preferences.

by Michael Soltys

Back to square one

10-04-2021 08:11 For poorer countries, among them Argentina, salvation is still a long way off.

by James Neilson

Right-winger Guillermo Lasso says aiming for Ecuador political unity

08-04-2021 16:20 Right-wing presidential candidate Guillermo Lasso says he's ready to work with anyone, including political rivals, to govern the country if elected in Ecuador's second-round run-off on Sunday.

Tax-the-rich initiatives gain support across Latin America

08-04-2021 14:55 Chile, Mexico, Colombia see wealth tax proposals advancing, Argentina and Bolivia have already passed measures; Debt in region soared as pandemic caused worst crash in two centuries.

Poverty is our worst expense

03-04-2021 09:03 This relentlessly surging poverty worries all of us and naturally worries the government too – or does it?

Argentines have US$250 billion stashed outside financial system, says INDEC

03-04-2021 08:47 Deposits in bank accounts abroad,safety deposit boxes at home or hidden "under the mattress," shares, bonds all contribute to this total.

President Fernández calls to extend IMF payment period

28-03-2021 16:03 President Alberto Fernández called on the IMF to extend the repayment period on the nation’s debt facility beyond 10 years – something the Fund doesn't allow.

Argentine banks ask for some relief after worst year since 2007

27-03-2021 08:34 After posting their worst returns in 13 years, nation’s banks are blaming part of their losses on government’s pandemic measures and asking the Central Bank for help.

IMF says 'progress' made after Guzmán visit

25-03-2021 18:09 Mixed messages all round as IMF says it has "made progress" with Economy Minister Martín Guzmán, despite comments from Vice-President Cristina Fernández de Kirchner.

‘Close dialogue’ with Argentina continues, says IMF chief Georgieva

24-03-2021 11:27 IMF managing director shares “good meeting” with Economy Minister Martín Guzmán, says “close dialogue” between parties will continue. 

Thousands march through Buenos Aires to demand food aid, jobs

19-03-2021 00:57 Thousands of people marched in Buenos Aires on Thursday to demand food aid as the economy has battled the fallout of the coronavirus pandemic.

Guzmán flies to United States for talks with IMF, investors

18-03-2021 13:00 Economy Minister Martín Guzmán flies to New York for talks with investors. He is due to meet with IMF staff, including Managing Director Kristalina Georgieva, next week.

President pitches Argentina to top global investment funds

16-03-2021 21:23 President Alberto Fernández pitched Argentina’s growth potential to a host of top global investment funds on Tuesday, as he asked them to back the country and its bid for economic recovery.

220,000 registered jobs lost in 2020, concludes study

15-03-2021 15:52 A study by the Ecolatina consultancy firm has found that approximately 220,000 officially registered jobs were lost in Argentina last year as a result of the coronavirus pandemic and ongoing economic crisis.

Argentina CPI-linked bonds fall on possible change to basket

09-03-2021 13:48 Argentina’s inflation-linked bonds fell Monday as the country’s statistics agency, INDEC, plans to modify the basket it uses to measure inflation.

As IMF talks bog down, Argentine bonds plunge toward 30 cents

08-03-2021 13:51 Six months after Argentina exited default, its new bonds have sunk to a mere 30 cents on the dollar.

Brazil ends new 'lost decade' with GDP drop of 4.1% in 2020

03-03-2021 10:26 The economy of Argentina's giant neighbour registered a 4.1% contraction in 2020, according to official data.

What we learn this week: February 20-27

27-02-2021 08:53 Our pick of the stories that caught our eye over the last seven days in Argentina.