News of guzman

Argentina to change IMF net reserve target for third time

26-02-2023 08:46 Argentina and the IMF are discussing a smaller figure for net reserve accumulation in 2023, a cornerstone of the deal seen as the only major anchor providing some stability to the economy.

Argentina’s black-market peso slumps to record ahead of holidays

29-12-2022 15:33 Argentina's black market exchange rate plunged to a record low this week, with the blue dollar hitting 357 pesos per greenback.

Argentina’s political crisis restarts with ministers leaving

10-10-2022 16:14 Cabinet shake-up, with three ministers departing in as many days, is the latest episode of Argentina’s ongoing political crisis.

Blame the rich

19-08-2022 17:31 Weirdly enough it seems that several of the major constituents of the Frente de Todos have acknowledged that, at least for the time being, they are all in the same boat. And that boat appears adrift at sea.

by Agustino Fontevecchia

Argentina’s new economy czar sworn in

03-08-2022 17:34 Sergio Massa takes over as the country’s third economy chief in the last month

‘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 Economy Minister says she has strong political support

27-07-2022 15:55 New Economy Minister for Argentina Silvina Batakis tells Washington reporters she will stabilise economy, claiming strong political support from the government.

Inflation hits 64% year-on-year, analysts fear worse yet to come

14-07-2022 19:05 No respite from price hikes in Argentina: Inflation hit 5.3% in June, increases totalled 36.2% in first half of this year.

Inflation hit 30-year high ahead of Guzmán's exit

14-07-2022 18:11 Consumer prices in Argentina rose at the fastest pace in more than three decades in June, with worse expected after the economy minister quit this month. 

Argentina needs to stick to IMF agreement, says minister

11-07-2022 15:32 In her first press conference, Silvina Batakis said Argentina would continue working to balance its fiscal accounts, promote positive real interest rates, and move forward with reducing energy subsidies.

From Gooseman to Batgirl?

09-07-2022 07:30 Recommended to President Fernández as having “the necessary dose of heterodoxy and the indispensable dose of orthodoxy,” Guzmán was eventually found wanting on both counts with the latter front more fatal.

by Michael Soltys

Last supper with Guzmán

08-07-2022 09:38 Guzmán backed the laws which increased taxes but not those increasing spending … to reduce or not to reduce the deficit is the question separating the vice-president and the ex-minister.

by Jorge Fontevecchia

New minister Batakis takes office in an Argentina full of uncertainty

07-07-2022 23:34 Silvina Batakis faces a number of key challenges and decisions; Issues like inflation, the IMF deal, the fiscal deficit and subsidies top her in-tray.

Stiglitz: Frente de Todos divisions made Guzmán’s work impossible

06-07-2022 16:34 Economist and 2001 Nobel Prize for Economics winner Joseph Stiglitz blames coalition tensions for Martín Guzmán's departure from office.

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.

Analysts: Argentina's IMF deal at risk with new economy minister

04-07-2022 15:08 Analysts say Argentina's US$44-billion programme with the International Monetary Fund may be in jeopardy after President Alberto Fernández chose leftist economist Silvina Batakis as the country's new economy minister.

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.

Argentines seek hedging in crypto after minister resigns

02-07-2022 22:59 Moves on crypto markets could indicate unease over the growing rift within the ruling coalition and concern over the government’s ability to tackle rising inflation and other economic challenges.   

Guzmán resigns as coalition divisions grow

02-07-2022 22:55 Shake-up raises doubts over whether Argentina can comply with a US$44-billion IMF programme, whose goals and objectives for the second half are seen by private economists view as too challenging to reach.