Economy Consumption fell 26% in March 2021 from previous year, says study Today 12:00 New survey shows consumption of energy drinks, chocolates and sweets grew significantly over the past year, while sales of cloth, bleach and air fresheners fell.
Economy Minister interview Argentina has 'valuable support' from European nations for IMF debt talks 19-04-2021 13:44 Economy Minister says that Argentina is making "progress" in its debt restructuring talks with the International Monetary Fund and that the country is receiving “valuable support” from European leaders.
Bloomberg Argentina seeks Paris Club deal amid IMF talks, Guzmán says 18-04-2021 22:18 Argentina is pressing the Paris Club to renegotiate debt as separate talks to strike a deal with the International Monetary Fund drag on, says Economy Minister Martín Guzmán.
Jugador del Pueblo? Carlos Tevez seeks to avoid paying Argentina's new wealth tax 17-04-2021 09:54 Boca Juniors striker files court injunction to avoid paying the country's new wealth tax, the latest example of the difficulty in making millionaires comply with the levy.
IMF DEBT TALKS IMF official says timing of new debt deal depends on Argentina 17-04-2021 09:11 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.
POLITICS & THE PANDEMIC It’s Kici-Time! 17-04-2021 07:25 The emergence of Kicillof and his worldview is part of an electoral strategy aimed at antagonising the opposition, particularly the figure of City Mayor Horacio Rodríguez Larreta. by Agustino Fontevecchia
IMF debt talks 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 IN EUROPE 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.
INCOME TAX REFORM Congress approves ‘ganancias’ reform, raising income tax floor 10-04-2021 09:06 Income tax bill exempts almost 1.3 million taxpayers from qualification; Companies also set to benefit from similar reform.
BLOOMBERG Government mulling oil price controls to tap Vaca Muerta, says Kulfas 10-04-2021 08:57 Argentina’s government is pushing for long-term oil price controls to boost Vaca Muerta production.
POLITICS & THE PANDEMIC Covid tsunami 10-04-2021 08:52 The second wave is here and it already looks challenging. A winter of discontent looms ahead of the midterm elections. by Martín Gambarotta
AND THAT REMINDS ME... 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
AS I SEE IT 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
GRIDLOCKED ‘Imbeciles,’ restrictions and elections 10-04-2021 08:06 It is common to hear people in Argentina complaining that issues have become politicised, meaning that powerful people representing conflicting interests have gridlocked an issue. by Agustino Fontevecchia
CORONAVIRUS PANDEMIC Covid-19 second wave arrives with exhausted economy, citizenry 10-04-2021 07:26 Government introduces new restrictions after surge in infections, hoping to tread thin line between economic pain and healthcare gain.
Ecuador run-off Leftist Andrés Arauz says he would renegotiate Ecuador's agreements if elected 08-04-2021 16:31 Leftist presidential candidate Andres Arauz has big plans to change Ecuador's course if elected on Sunday, when he faces right-wing contender Guillermo Lasso in a run-off vote.
Ecuador run-off 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.
BLOOMBERG – ANALYSIS 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.
CAPITAL LEVY Argentina's wealth tax has collected just 2% of target to date 06-04-2021 16:47 Argentina’s new wealth tax has netted just two percent of its target figure ahead of its original deadline, with the nation’s richest citizens evidently in no hurry to pay up.
ECONOMIC OUTLOOK IMF projects stronger 2021 growth amid pandemic rebound 06-04-2021 11:01 IMF forecasts that recession-hit Argentina's economy will grow by 5.8% this year, with global GDP expected to rebound 6% overall.
IMF DEBT TALKS Guzmán: IMF credit line deal will not be finalised before May 05-04-2021 10:28 Economy Minister Martín Guzmán says a plan with the International Monetary Fund to repay US$45 billion in debt won’t be finalised by May or June.
EDITORIAL 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?
NEW REPORT 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.
POLITICS & THE PANDEMIC On ‘the fear’ and philosopher kings 03-04-2021 08:17 When polarisation and emotional entrenchment reaches the level of a football rivalry, the democratic system begins to fail. by Agustino Fontevecchia
Poverty Pandemic and economic crisis pushes poverty rate up to 42% 31-03-2021 19:50 More than four in 10 Argentines were living in poverty in the second half of 2020, INDEC national statistics bureau reveals – the highest level since 2004.
IMF DEBT TALKS Fernández: IMF debt is 'unpayable' and terms must be renegotiated 28-03-2021 21:53 President Alberto Fernández said on Sunday that the Argentina's debt with the International Monetary Fund is "unpayable" in its original form.
IMF DEBT TALKS 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.
BLOOMBERG 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.
OLD HABITS DIE HARD Mauricio and Cristina take centre-stage 27-03-2021 07:38 Both former presidents are both playing their games and talking to their people. The problem is we’re stuck in the middle. by Agustino Fontevecchia
IMF DEBT TALKS 'We can't pay' – CFK puts US$45-billion IMF debt talks into doubt 27-03-2021 07:21 With Economy Minister Martín Guzmán in Washington for meetings with IMF staff members, Vice-President Cristina Fernández de Kirchner makes explosive intervention into restructuring talks.
IMF DEBT TALKS IMF and Argentina find common ground amid CFK's bombshell remarks 26-03-2021 10:02 Argentina and IMF coordinate messaging on principles that could underpin country’s programme, a day after Vice-President Cristina Fernández de Kirchner put the deal in doubt.
IMF DEBT TALKS 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.
IMF DEBT TALKS ‘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.
ECONOMIC INDICATORS Official: Argentina's economy shrank 9.9% in 2020, confirms INDEC 23-03-2021 21:26 Economy shrank by 9.9% in 2020 year-on-year due to the coronavirus pandemic – its worst fall in almost 20 years.
BLOOMBERG Debt restructuring talks for Buenos Aires Province stall 22-03-2021 16:23 After nearly a year of extending the deadline of its debt restructuring proposal, fresh documents published by Argentina’s largest province show talks remain stuck.
Bloomberg Start-up Tiendanube raises US$89 million in funding round 22-03-2021 13:03 Argentine e-commerce start-up Tiendanube will use fresh financing to roll out a major expansion across Latin America.
POVERTY & THE PANDEMIC 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.
ECONOMY MINISTER 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.
LEGAL MARIJUANA IN MEXICO? Mexico prepares for legal marijuana gold rush 18-03-2021 11:52 Mexican lawmakers are close to approving legalisation that is expected to catapult the country's regulated cannabis trade into a billion-dollar legal marijuana market.
RATE RISE Brazil hikes interest rate, eyeing inflation 18-03-2021 11:39 First rate hike in six years for Latin America's biggest economy. Central Bank indicates another hike of the same magnitude could be coming in May.
BLOOMBERG - ANALYSIS Argentina resorts to unorthodox tools to fight 40% inflation 17-03-2021 13:24 Argentina is once again turning to a combination of unconventional policy tools to curb inflation, which is expected to near 40 percent this year.
INVESTMENT 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.
JOBLESSNESS 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.
ECONOMIC OUTLOOK More of the same? 13-03-2021 05:48 The kick-off of the October electoral campaign promises to be brutal for future expectations. Government and opposition will duke it out once again, using all of the usual dirty tricks. by Agustino Fontevecchia
BLOOMBERG It’s still ‘America first’ on vaccines as Russia, China fill gap 12-03-2021 12:57 Throughout the developing world, countries like Argentina have been squeezed out by richer nations in the race to secure vaccines produced by Western companies such as Pfizer and Moderna. Across most of Africa and large swathes of Latin America, south Asia and southeast Asia, little or no vaccine has been distributed.
IMF DEBT TALKS Guzmán to hold talks with IMF in Washington on March 23-24 11-03-2021 23:32 Economy minister's trip to Washington for talks with IMF officials, including Managing Director Kristalina Georgieva, will take place before the end of the month.
BLOOMBERG 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.
BLOOMBERG 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.
EDITORIAL Two can also be a crowd 06-03-2021 09:46 The convergence between president and vice-president, consolidated this week in favour of the latter’s line, carries the price of those who have always written off Alberto Fernández as a puppet standing vindicated.
ALBERTO'S PIVOT TO KIRCHNERISMO Radicalised 06-03-2021 08:11 It is troubling to see how both President Alberto Fernández and certain leaders in the opposition have given up their “post-grieta” posture all too quickly, proving their political and ideological fragility. by Agustino Fontevecchia