Argentina’s “Congress” Consumer Price Index which is an average of private consultants and is released by opposition lawmakers, showed that inflation in September increased 2.11%, the highest September since 1991, accumulating 25.44% in the last twelve months.
“Only God sets an ultimatum” said Uruguay’s President José Mujica in a laconic reply to Argentine Foreign Minister Hector Timerman demand (and countdown) to return to negotiations regarding the UPM pulp plant and Montevideo’s decision to allow an increase in production.
Argentine President Cristina Fernández is “improving favourably” and “controls were satisfactory” according to Thursday’s daily medical report on the patient who last Tuesday underwent surgery to have a subdural haematoma removed at the Fundacion Favaloro Institute in Buenos Aires.
Argentine billionaire Eduardo Eurnekian announced that his company Corporation America continues to work with government controlled oil company YPF “to develop projects” which could involve a 500 million dollars investment in the country’s rich shale deposits.
Argentina will offer 500 million dollars in sovereign bonds to resolve disputes with corporations at a World Bank arbitration panel, a financial daily newspaper reported on Thursday.
Argentina will grow at an enviable rate compared to other countries in the region, Chief Economist for the World Bank’s Latin America and Caribbean Office Augusto de la Torre said this week, commenting on the institution’s projections for next year.
The Argentine government and the World Bank agreed on Thursday in Washington on a new Strategic Partnership involving an estimated 3 billion dollars in the next three years which will concentrate on loans for education, health care and rural development.
Argentine Cabinet Chief Juan Manuel Abal Medina guaranteed there will be no political or institutional crisis due to President Cristina Fernández health condition and underlined that ‘the president’s team is solid and working with no difficulty”, following her instructions.
Pope Francis has wished President Cristina Fernández a “full health recovery” following the surgery she underwent on Monday at the Fundación Favaloro clinic in Buenos Aires. “I beg you to feel my presence. I guarantee my nearness and prayer,” the ex Argentine cardinal said.
While Argentine presidential spokesman Alfredo Scoccimarro confirmed that President Cristina Fernández evolves favourably and is “in good spirits”, the political debate on Wednesday has centred on Vice-president and acting president Amado Boudou whom the opposition argue should not lead the country given his questionable credentials and mounting legal problems