Monday, January 25th 2016 - 10:19 UTC

IMF praise for Argentina's measures... but forecasts 'mild recession' this year

Werner welcomed Argentina’s “transition” and policies implemented by Macri, but warned austerity will lead to a “mild” recession in 2016.

Despite the austerity policies that have been implemented by the government of President Mauricio Macri, Argentina will see a bigger than expected recession this year, the International Monetary Fund (IMF) said in a new report. The economy is set to decline 1% this year, a drop that is 0.3 percentage points larger than the previous forecast that the IMF had released in October.

Monday, January 25th 2016 - 10:10 UTC

Proxy inflation in Argentina reached 6.5% in December and 31.6% in 2015

The monthly figure was double that reported by the Buenos Aires City, the other index suggested by INDEC. The City reported 3.9% Dec. inflation and 29.6%

Consumer prices rose 6.5% in December in the Argentine province of San Luis, one of the indexes the new leaders of the country's INDEC statistics bureau had said could be used as a proxy for national inflation figures — amounting to a cumulative 31.6% increase in 2015.

Monday, January 25th 2016 - 08:41 UTC

Tompkins widow plans to hand over thousands of acres to create national parks in Patagonia

McDivitt Tompkins met with Chile's Bachelet to discuss the proposed handover of pristine properties to create a string of national parks in Patagonia.

The widow of American conservationist Doug Tompkins, who died last month while kayaking in South America's Patagonia region, says she'll build on her husband's legacy of protecting threatened ecosystems in Argentina and Chile.

Monday, January 25th 2016 - 07:28 UTC

Corbyn favors Falklands' 'power-sharing' deal with Argentina, says ex ambassador Castro

Ms Castro said that Mr Corbyn “shares our concerns”, adding: “In short, he is one of ”ours“.”  She described the Labor leader as “humorous” and “a good listener”.

United Kingdom's leader of the opposition Jeremy Corbyn is in favor of making a power-sharing deal with Argentina over the Falkland Islands, according to an Argentine diplomat. Outgoing Argentine ambassador Alicia Castro says that the Labour leader is “one of ours” and that he told her he supports a British-Argentine power-sharing deal in the vein of Northern Ireland.

Saturday, January 23rd 2016 - 08:51 UTC

Macri's support in his first two months in office soars to 65%

Macri had a popularity rating of 64% in one poll by the Poliarquia consultancy published on Friday and 67% in the latest survey from pollster Isonomia.

Argentine President Mauricio Macri's popularity is at about 65% two months after he narrowly won office and carried out a raft of fiscal and financial measures, including a controlled currency devaluation as part of his plan to revive Latin America's third largest economy, two polls showed.

Saturday, January 23rd 2016 - 08:28 UTC

Argentina now denies dengue outbreak is an 'epidemic'.

“There is no such gravity,” in the current situation, said Argentine Health Ministry’s Epidemiology Director Jorge San Juan

Even as the number of new cases of dengue fever continued to rise in Argentina, the Health Ministry performed a rapid about-face and disavowed a statement made on Wednesday that the outbreak constituted “an epidemic.”

Saturday, January 23rd 2016 - 08:01 UTC

Macri and Obama could meet at the end of March, reestablishing formal bilateral dialogue

While in Davos, Macri had a long conversation with US vice-president Joe Biden as part of the new bilateral atmosphere.

Mauricio Macri expects to meet with Barack Obama at the end of next March when the Argentine president attends in Washington the summit on Nuclear Security of which Argentina is a member. The event takes place between 31 March and first April, and if the meeting effectively takes place, it would mean the return of the formal dialogue between the two countries, rather frozen under his predecessor Cristina Fernandez.

Saturday, January 23rd 2016 - 07:48 UTC

Argentina wants to recover the space it deserves in the world, said Malcorra

“Argentina is in a plan to insert herself in the space that she deserves in the world”, Malcorra affirmed.

Argentine foreign minister Susana Malcorra was also very busy while in Davos, holding a raft of meetings including with US Secretary John Kerry, who at the end of talks twitted, “great discussion on range of topics w FM @SusanaMalcorra. #Argentina remains important friend & partner in region”.

Saturday, January 23rd 2016 - 04:41 UTC

France confirms Hollande visit to Argentina, Uruguay and Peru next month

Macri and French PM Valls talked in Spanish and cordial. Valls confirmed President Hollande would be visiting Argentina in February

President François Hollande will be visiting Argentina next month, the country’s prime minister, Manuel Valls, confirmed to President Mauricio Macri in Davos, where the two leaders discussed the remaining details of the trip that will include stops in Uruguay, Peru and Argentina.

Friday, January 22nd 2016 - 07:17 UTC

Argentina admits ”epidemic of (mosquito-borne) dengue fever”, including Buenos Aires city

“We already have an epidemic of Dengue fever,” Lemus said, in reference to the provinces of Misiones and Formosa where hundreds of cases have been reported

The first cases of Dengue fever struck Buenos Aires City this week as a spate of outbreaks in Greater Buenos Aires and across Argentina’s northeast were labeled “an epidemic” by Health Minister Jorge Lemus.


Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!