EXCHANGE MARKET 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.
DEBT DEAL IMF board approves US$6 billion in fresh funds for Argentina 23-12-2022 00:50 International Monetary Fund announces that its board of directors has signed off on third review of Argentina's debt assistance programme and releases new US$6-billion disbursement of funds.
IMF DEBT PROGRAMME IMF clears way for latest US$6-billion disbursement 03-12-2022 23:17 "Prudent macroeconomic management and efforts to mobilise external financing are supporting stability," declares IMF mission team as latest staff review is signed off.
CABINET RESHUFFLE President reshuffles his pack with ‘militant women’ 14-10-2022 09:23 Raquel Olmos takes on Labour portfolio, Victoria Tolosa Paz to helm Social Development Ministry, Ayelén Mazzina becomes Women, Gender & Diversity minister.
BLOOMBERG – ANALYSIS 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.
opinion and analysis 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
Economic Indicators 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.
RUNAWAY PRICE HIKES 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.
Cabinet Reshuffle New economy minister vows to respect IMF deficit deal 04-08-2022 18:36 Sergio Massa, Argentina’s third new economy minister in a month, promised to reduce public deficit, as agreed with the IMF, after he was sworn into office.
Cabinet Reshuffle 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
Cabinet Reshuffle ‘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.”
Argentine Government Argentina Names Third Economy Minister in a Month Amid Crisis 28-07-2022 19:55 Sergio Massa is the new economy minister, in an expanded role. The former lower house speaker takes over from Silvina Batakis, who held office for only three weeks.
Politics Sergio Massa made “super-minister” in cabinet reshuffle 28-07-2022 18:33 The economy, productive development and agriculture, livestock and fishery ministries will be absorbed under one role.
Argentina Protests Argentine protesters demand universal living wage 28-07-2022 18:17 Central Buenos Aires saw a crowd of demonstrators calling for a “universal salary” this Thursday as heads roll in cabinet reshuffle.
Bloomberg 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.
Bloomberg 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.
Bloomberg IMF sees Argentina committed to programme, with downside risks 26-07-2022 13:27 Officials re-iterate Argentina’s commitment to IMF $44 billion programme, despite economy in deepening crisis and risks on the downside.
Bloomberg 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'
Bloomberg Argentina’s black-market peso hits record as crisis mounts 20-07-2022 15:31 The unofficial Argentine peso has dropped to a historic low this Tuesday, which has exacerbated the crisis provoked by the resignation of former Economy minister Martín Guzmán earlier this month.
ECONOMIC CRISIS 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.
BLOOMBERG - ANALYSIS 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.
BLOOMBERG - ANALYSIS Argentines brace for 90% inflation after economy minister’s exit 14-07-2022 09:18 Consulting firms in Buenos Aires are predicting that Argentines face the prospect of 90% inflation by year end.
ANALYSIS 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.
Markets 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.
BLOOMBERG - ANALYSIS 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.
And that reminds me… 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
POLITICS 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
EDITORIAL 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.
Another week in Argentina Resignation, transition, succession: Inside Guzmán's last days and Batakis' first 08-07-2022 09:48 The economy minister’s decision to step down, the reaction to it and how the government found a replacement – inside a momentous week in Argentina. by Juan Luis González
OPINION 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
THE CHALLENGES AHEAD 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.
IMF DEBT DEAL IMF ‘looking forward’ to working with Batakis at ‘difficult moment’ 07-07-2022 16:06 New economy minister speaks with multilateral lender’s chief Kristalina Georgieva, who says Batakis confirmed her “commitment” to IMF refinancing programme.
DEBT TALKS 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.
BLOOMBERG - ANALYSIS Argentina's subsidy cuts mired in doubt under new minister 06-07-2022 22:14 Several analysts insist that a question mark hangs over Silvina Batakis’ commitment to spending cuts penned by Martín Guzmán and the IMF.
CABINET CHANGE 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.
FINANCIAL TURBULENCE 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.
NEW MINISTER SWORN-IN 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.
Bloomberg Batakis takes reins of Argentina’s economy as markets tumble 04-07-2022 21:34 Silvina Batakis declares that she "believes in fiscal balance" as she is sworn-in as economy minister.
Economic crisis Markets react negatively to change of economy minister 04-07-2022 17:30 The peso depreciated sharply against the dollar in the informal market on Monday as investors reacted to the appointment of Silvina Batakis as economy minister.
BLOOMBERG 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.
BLOOMBERG 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.
New minister named 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.
POLITICS & ECONOMY Fernández taps Batakis as economy minister to tackle crisis 03-07-2022 22:38 President Alberto Fernández taps Silvina Batakis as the country’s new economy minister to replace Martīn Guzmán, who resigned his post a day earlier.
ANALYSIS Cristina achieves her goal: sacking Alberto's economic team 03-07-2022 09:41 In recent weeks, the pressure bearing down on Martín Guzmán had intensified – both from the markets and from the Kirchnerite wing of the government.
MARKETS 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.
ANALYSIS 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.
PROFILE Martín Guzmán: the debt negotiator who fell with Argentina's economy 02-07-2022 22:48 A leading disciple of Nobel Prize-winning economics laureate Joseph Stiglitz, 39-year-old Martín Guzmán lacked experience in government when he joined President Alberto Fernández's Cabinet in December 2019.
POLITICS & ECONOMY Economy Minister Martín Guzmán resigns from government 02-07-2022 22:37 Official posts lengthy resignation letter addressed to President Alberto Fernández on social networks; Announcement came as Vice-President Cristina Fernández de Kirchner was giving speech in Ensenada.
POLITICS The Last Albertistas 01-07-2022 09:55 Who are President Alberto Fernández's last remaining soldiers in the Cabinet? by Rodis Recalt
Bloomberg Government meets June debt rollover goal in key local auction 28-06-2022 21:48 Government sells enough securities to roll over its debt coming due in the month of June in a local debt auction, easing concerns of an immediate financing shortfall.