Source link Argentina is in talks with the IMF over a new aid program designed to accelerate the process of exiting from capital controls, Bloomberg reported on Thursday, citing a senior government official. The IMF is pushing the government to let the currency devalue faster under its so-called “crawling peg,” and keep interest rates above […]
Source link ‘Shock therapy’ reforms have propelled prices for basic good higher and led to a sharp drop in purchasing power, a new study shows Poverty levels in Argentina hit a multiple-year high in January following the drastic economic reforms carried out by newly installed President Javier Milei, the Social Debt Observatory of the Catholic […]
Source link Buenos Aires wants to relocate its embassy to West Jerusalem, President Javier Milei said on Tuesday while on a visit to Israel. The Gaza-based group Hamas has denounced the move. Milei was greeted at the Ben Gurion international airport near Tel Aviv by Foreign Minister Israel Katz. He proceeded to Jerusalem to pray […]
Source link The Latin American country is heading towards 200% inflation amid the worst economic crisis in decades The International monetary Fund (IMF) has agreed to unlock $4.7 billion for Argentina as part of a debt restructuring plan even though the country missed targets related to its $43 billion loan program, the fund announced on […]
Source link Buenos Aires wants to keep a “mature relationship” with London and relaunch negotiations over long-disputed islands Argentina has called on the UK to resume talks on the British-controlled Falklands Islands, stating it wanted to finally find a “solution” to the territorial dispute. The statement on the matter was made by the country’s Foreign […]
Source link Newly elected President Javier Milei had previously expressed his reluctance to join the bloc Argentina has formally rejected an invitation to become a member of the BRICS group of nations, several news media outlets reported on Friday, citing an official letter they’d seen which has been sent to the leaders of Russia, China, […]
Source link The package contains over 300 measures to battle the country’s severe economic crisis Argentine President Javier Milei has announced sweeping economic reforms in a bid to combat the worst economic crisis in the country in decades. They include the privatization of state-owned companies, as well as steps to end limits on exports and […]
Source link The new president has moved to discourage demonstrations against his “shock therapy” plan Argentinians who participate in road closures will be punished by loss of social benefits, President Javier Milei’s government announced on Monday. Setting up roadblocks, known as ‘corte de ruta’, has long been the preferred form of protest in the South […]
Source link The Ukrainian leader has been seen talking to his Hungarian counterpart at the inauguration of Argentine President Javier Milei Ukrainian President Vladimir Zelensky has seized an opportunity at the inauguration of Argentina’s new leader to chat briefly with Hungarian Prime Minister Viktor Orban, the EU member who has threatened to block a major […]
Source link Javier Milei pledged to stay away from China and Brazil, as well as to dollarize the country’s economy Argentina is not planning to become a member of BRICS on January 1, Diana Mondino, senior economic adviser to the country’s president-elect, Javier Milei, told Sputnik Brazil on Monday. The invitation to join BRICS was […]
Source link Economy Minister Sergio Massa has conceded defeat to firebrand Javier Malei DETAILS TO FOLLOW