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Montevideo, May 20th 2018 - 11:58 UTC

Argentina

  • Friday, May 11th 2018 - 05:39 UTC

    IMF and White House support Macri's economic reform program

    “I stressed my strong support for Argentina's reforms to date, and expressed the Fund's readiness to continue to assist the government,” Lagarde said

    International Monetary Fund chief Christine Lagarde said on Thursday she is ready to aid Argentina and wants talks on a financing package to be finalized quickly. Lagarde said she instructed the IMF team to continue discussions on a loan program with the goal to “reach a rapid conclusion.”

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  • Thursday, May 10th 2018 - 18:14 UTC

    Falklands delegation travels to Buenos Aires for fishery talks and data exchange

    The two days meeting will discuss fish and squid stocks in the South Atlantic, and the possibility of resuming the exchange of scientific fisheries

    Next Monday, 14 May 2018 four representatives from the Falkland Islands Government’s Natural Resources Department will be part of a UK Foreign and Commonwealth Office lead delegation meeting with the Government of Argentina, in Buenos Aires, to begin two days of discussions on fish and squid stocks in the South Atlantic, and the possibility of resuming the exchange of scientific fisheries data for the benefit of the region.

  • Thursday, May 10th 2018 - 08:20 UTC

    Argentine congress passed capital market reform bill; Merval up 6%

    Argentina's benchmark Merval stock index reacted strongly and was up nearly 6% on Wednesday afternoon.

    The Argentine Congress passed the government's capital markets reform bill on Wednesday, seeking to boost a troubled economy by reducing the power of market regulators and loosening restrictions on some funds investing in Argentina. Investors and economists consider the reform bill key to President Mauricio Macri's effort to boost investment in the country, whose capital markets are far smaller than regional peers.

  • Thursday, May 10th 2018 - 07:37 UTC

    Argentine minister meets IMF Lagarde and US Treasury official: ratifies “gradualism”

    Nicolas Dujovne is due to meet with IMF chief Christine Lagarde to request a financing package

    Argentina Economy Minister Nicolas Dujovne is due to meet on Thursday with IMF chief Christine Lagarde to request a financing package to help shore up the struggling economy, officials said. Dujovne will also meet with a senior US Treasury official in a key step in the talks with the IMF, which are likely to last six weeks, his spokesman said in a statement.

  • Wednesday, May 9th 2018 - 20:19 UTC

    US Dollar rises: Uruguay behind Argentina

    The exchange houses in the center of Montevideo today marked up to 31.70 Uruguayan pesos per dollar, a rise of 2.08% compared to Monday - the highest in five years. Photo: Sebastián Astorga

    After several days up in Argentina, the devaluation of the Argentine peso and the rise of the US dollar have had some impact on the other side of the River Plate, where the exchange houses of downtown Montevideo marked on Wednesday the value of the currency up to 31,70 Uruguayan pesos per dollar, a rise of 2.08% compared to Monday —the highest in five years—. For the Uruguayan government, the country follows the global trend and calls for calm, beyond the noise generated in Argentina, which is beginning a dialogue between the Finance Minister, Nicolás Dujovne, and the International Monetary Fund (IMF) in Washington.

  • Wednesday, May 9th 2018 - 07:32 UTC

    Peso storm: Argentina requests a US$ 30bn precautionary credit from IMF

    “This will allow us to face the new global scenario and avoid a crisis like the ones we have faced before in our history,” President Macri said in a televised address

    Argentina asked the International Monetary Fund for financing to help stem a run from the Peso to the US dollar that is sparking a surge in interest rates and threatening to derail the country's economic recovery. The sum requested is estimated between 25 and 30bn dollars, 500% Argentina's IMF quota and could be disbursed in two forms, a flexible credit line or a precautionary credit line.

  • Tuesday, May 8th 2018 - 08:08 UTC

    Overseas accounts of 35.000 Argentines caught in the taxman's web

    A sustained tax information exchange with other countries, will allow AFIP to consolidate fiscal controls, said AFIP head Leandro Cuccioli.

    Argentina's Internal Revenue Service, AFIP, announced it had received information on 35.000 overseas bank accounts held by Argentines, which should make it easier to control payment deadlines of the respective sworn statements on taxes, profits and assets.

  • Tuesday, May 8th 2018 - 07:18 UTC

    Odebrecht corruption in Argentina: all changed when ex president Kirchner died

    The Odebrecht official revealed that the president of the Argentine Construction Chamber, Carlos Wagner, was interlocutor of the agreement

    A leading manager of the Brazilian construction giant Odebrecht involved in corrupting government officials in virtually all Latin American countries revealed that millions of dollars in kickbacks were delivered in Argentina to pay for the natural gas pipelines network expansion contract.

  • Tuesday, May 8th 2018 - 06:57 UTC

    Argentine Peso: the worst of the storm seems to be over...for the time being

    “The Peso may strengthen or weaken ... the idea is that there be little volatility,” Treasury Minister Nicolas Dujovne said on local television on Sunday night

    The Argentine Peso closed slightly weaker on Monday, though analysts remained optimistic the government and central bank had curbed a run on the currency with a massive rate hike and lower fiscal deficit target last week. . The local currency opened stronger on Monday but closed down 0.41%, at 21.97 per U.S. dollar. The Merval stock index ended down 3.43% and traders said investors remained cautious.

  • Tuesday, May 8th 2018 - 06:36 UTC

    Malvinas veterans abused by their officers are demanding justice from IACHR

    “I was completing my time when the Malvinas were recovered. We were all called back and on 11 April, we were in the Islands”, explained Silvio Katz (Pic Vis a Vis)

    The Malvinas Islands ex Combatants Center, CECIM has requested the Inter American Commission on Human Rights, IACHR, to intercede before the Argentine government and demand a commitment that human rights abuses suffered by the Argentine conscripts during the South Atlantic conflict will be investigated. The case has 120 plaintiffs and 95 defendants.