ANALYSIS Cristina achieves her goal: sacking Alberto's economic team Today 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 Yesterdat 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 Yesterdat 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 Yesterdat 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.
BLOOMBERG Default jitters mount in Argentina as local yields top 70% 27-06-2022 13:12 Two years after Argentina emerged from its latest default, a debt crisis in brewing once again.
INTERVIEW / PERIODISMO PURO Daniel Scioli: ‘In 2015, I proposed Wado as my running-mate to Cristina’ 24-06-2022 09:17 Argentina’s newly installed productive development minister discusses bilateral relations with Brazil and its upcoming election, his return to the Cabinet and Frente de Todos’ chances in 2023. by Jorge Fontevecchia
BLOOMBERG Argentina eases 60% of June debt burden in local swap 22-06-2022 23:12 Economy Ministry exchanges 358 billion pesos (US$2.9 billion) in local securities due at the end of the month for new notes maturing later this year; Move reduces pressure on government to reach key rollover tender next week.
MONETARY POLICY Argentina raises benchmark rate to 52% as inflation stays hot 16-06-2022 16:54 Central Bank raises benchmark interest rate for the sixth time this year as the government struggles to cool inflation expectations.
CENTRAL BANK Argentina's Central Bank raises key rate to 44.5% as inflation heats up 23-03-2022 15:42 Central Bank raises benchmark rate for the third time this year as inflation continues to speed up.
INTERVIEW / PERIODISMO PURO Cecilia Todesca Bocco: ‘Labour rights do not explain Argentina’s macroeconomic problems' 18-03-2022 12:20 International Relations Secretary Cecilia Todesca Bocco on the freshly approved IMF deal, policies to deliver economic growth in Argentina and politics in the family. by Jorge Fontevecchia
BLOOMBERG Argentina’s Central Bank raises key rate to 42.5% 18-02-2022 03:00 Second rate hike this year; IMF staff have called for interest rates in Argentina to exceed annual inflation.
BLOOMBERG Central Bank hikes rate for first time in a year 07-01-2022 01:41 Argentina raised its benchmark interest rate for the first time in over a year as it faces calls from the International Monetary Fund to tighten its monetary policy.
FINANCIAL TURBULENCE Central Bank reserves at the limit as rumours swirl around Argentina 30-11-2021 21:40 Ecolatina consultancy firm forecasts that Central Bank reserves could end the year lower than in December 2020. Concerns remain about the level of money available to the BCRA, but economists rule out a potential 'corralito.' by Brenda Funes
NO EXTENSION Government won't extend ban on lay-offs into next year 26-11-2021 01:37 Government will not extend double severance rule and ban on dismissals beyond end of year, says Labour Minister Claudio Moroni.
IMF DEBT Argentina makes US$390-million interest payment to IMF 05-11-2021 01:53 Argentina made a payment of US$390 million Monday to the International Monetary Fund for interest on a US$44-billion loan it is seeking to renegotiate, the government said.
2022 BUDGET Government forecasts 33% inflation, 4% growth in 2022 Budget 17-09-2021 14:07 Economy Minister Martín Guzmán meets deadline, submitting Budget bill to Congress at the last possible moment in the dead of night, as crisis raged in the ruling coalition.
ECONOMIC INDICATORS Argentina’s women left behind in post-pandemic jobs recovery 31-08-2021 13:23 As Argentina’s economy recovers from last year’s crash, young men who lost their jobs are being re-hired at a much faster pace than young women.
IMF BOOST IMF’s special drawing rights gives boost to Central Bank reserves 23-08-2021 21:42 International Monetary Fund boost of special drawing rights lifts Argentina's Central Bank reserves to highest amount in almost three years.
Bloomberg Government speeds up money printing ahead of election 28-07-2021 17:00 Central Bank was printing money for the Treasury at the fastest pace so far this year in July.
Bloomberg Not even 50% inflation will make Argentina boost interest rates 23-07-2021 16:47 Central Bank rules out increasing interest rates for the foreseeable future, even as currency pressures mount and annual inflation climbs above 50%.
CORRUPTION & THE COURTS Former vice-president Amado Boudou granted parole 23-07-2021 15:33 Argentina’s former vice-president, jailed for crimes related to the irregular acquisition of a major money-printing firm, granted parole after serving two-thirds of his 70-month prison sentence.
BLOOMBERG Argentina slows peso devaluation in an attempt to curb inflation 01-07-2021 07:55 Policy makers see slower peso depreciation, managed by the Central Bank in a so-called 'crawling peg,' as a key tool to curb rising inflation expectations.
BRAZIL UNDER BOLSONARO Brazil environment minister resigns amid graft investigation 24-06-2021 09:46 Ricardo Salles announces resignation, just over a month after the Supreme Court ordered an investigation into allegations he was involved in a timber-trafficking scandal.
Bloomberg Crypto mining booms on cheap, subsidised energy in Argentina 31-05-2021 10:41 Bitcoin miners are capitalising on the inefficiencies of the country’s interventionist economy to reap outsize returns, fuelled by memories of currency busts and powered by government-subsidised electricity.
CORRUPTION SCANDAL Brazil environment minister probed for timber trafficking 19-05-2021 16:33 Brazil Supreme Court orders investigation into Environment Minister Ricardo Salles, targeting a timber-trafficking ring allegedly involving him and other top officials in President Jair Bolsonaro's government.
COALITION TENSIONS Kirchnerites pressure Guzmán over use of new IMF funds 08-05-2021 01:19 Kirchnerite wing of ruling Frente de Todos coalition wants economy minister to deploy new IMF special drawing rights funds in fight against Covid-19.
THE RUMOUR MILL Question marks over Guzmán’s tenure as economy minister 04-05-2021 22:09 Martín Guzmán’s bid to force out Energy Undersecretary Federico Basualdo – frustrated for now despite counting on the support of President Alberto Fernández – has reignited rumours over the economy minister’s future and exposed infighting among the ruling coalition.
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 - 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.
INTERVIEW: PERIODISMO PURO Marcela Losardo: 'Alberto Fernández has been preparing all his life for this job' 30-01-2021 07:46 Throughout the last 40 years, nobody has spent more time close to the president than his Justice Minister Marcela Losardo, his chief confidante. by Jorge Fontevecchia
AND THAT REMINDS ME... Grain means pain, corn meets scorn 16-01-2021 09:13 Maize in a maze would be as good a way as any of describing the government’s slapdash suspension of corn exports early in this new year. by Michael Soltys
Coronavirus pandemic Guzmán, Pesce, Massa in isolation after IMF officials gets Covid-19 15-11-2020 20:55 A number of government officials – including Martín Guzmán, Miguel Pesce and Sergio Massa – went into preventative isolation on Sunday, after a member of a visiting IMF mission tested positive for Covid-19.
Bloomberg Argentina goes all-in to cut record gap with parallel peso 12-11-2020 16:42 Argentina is resorting to all necessary means to reduce the gap between its official and parallel exchange rates.
BLOOMBERG Argentina turns to orthodox policy signals to ease dollar craze 06-11-2020 09:12 After tightening capital controls several times, Argentina's government has surprised investors by altering its tack in what appears to be an incipient effort to restore confidence.
FINANCIAL TURMOIL Economy Ministry to halt Central Bank advances until end of 2020 03-11-2020 12:53 Economy Ministry says it will not ask the Central Bank for temporary advances of cash in November and December and would target local capital markets for financing instead.
BLOOMBERG Government mulling incentives for job growth, says Labour minister 27-10-2020 13:16 Argentina is considering fiscal incentives to encourage companies to hire workers after unemployment spiked to the highest in at least 16 years amid the pandemic, says Labour Minister Claudio Moroni.
IN FOCUS Economy Ministry takes steps to relieve pressure on currency markets 21-10-2020 18:59 Economy Ministry unveils new measures designed to reduce the pressures on volatile currency markets and ward off devaluation.
BLOOMBERG Argentina bond rout blows up the template for debt restructuring 19-10-2020 20:40 Investors are giving up on Argentina, just six weeks after the government pulled off a US$65-billion restructuring.
BLOOMBERG Argentina’s currency woes show no sign of easing 10-10-2020 08:31 Argentina’s hodge podge exchange rate regime is running out of steam.
Bloomberg Government mulls temporary cut on some crop export taxes 29-09-2020 17:16 Government weighing temporary reduction on some export taxes to boost dollar inflows, Bloomberg reports.
Bloomberg Pesce, Guzmán split over curbs on dollar purchases 17-09-2020 16:19 Argentina's economic team split on latest crackdown, as well as how long new rules should remain in place.
ECONOMIC POLICY Central Bank optimistic over post-bond swap future 25-08-2020 19:20 Central Bank Governor Miguel Ángel Pesce says closure of the debt swap deal would relieve pressures on exchange markets and improve economic expectations.
BLOOMBERG - OPINION Mohamed A. El-Erian: Argentina's debt proposal deserves support 07-07-2020 01:35 It would be in neither side's long-term interest to allow the theoretical best to be the enemy of the attainable good – what is now on the table warrants support by both Argentina and its creditors.