The following piece was written by Andrés Velasco, a former Minister of Finance of Chile, and visiting professor at Columbia University for 2011-2012. As a neighbour of Argentina, first, and then as an economist he is well entitled to give an accurate briefing.
Argentina should pay its debt with the Paris Club group of creditor nations if it wants to continue receiving foreign investment, said Paolo Martelli, director for Latin America of the World Bank’s International Finance Corp, reports Buenos Aires daily La Nación.
Argentine Economy Minister Amado Boudou urged countries in the region to “seize the opportunity created as a result of the crisis affecting developed nations and implement their own solutions.”
Nicolas Eyzaguirre, the IMF director for Latin America, stated that Argentina must apply “major measures” to improve its method of measuring the inflation.
The Economist in its latest edition has a two-chapter piece on trade restrictions imposed by South America’s two biggest economies. The first (“Keep Out”) refers to Argentina and the second (“A self made siege’) to Brazil.
An Argentine Judge has subpoenaed six newspapers for the names and phone numbers of all reporters and editors who have covered Argentina's economy the past five years, so they can be called as witnesses against their sources.
No one would relish a match against the host nation of the Rugby World Cup, but Argentina, unless the improbable happens next weekend, will face the “All Blacks” in the quarter-finals on 9th October.
For the first time ever the 131 Foreign Affaire ministers from the countries in the G77 coalition plus China urged the United Kingdom to return to negotiations with Argentina over the sovereignty of the Falklands/Malvinas Islands, the Argentine Foreign Ministry informed on Sunday.
Four Latin American countries, Argentina, Brazil, Chile and Mexico, have been identified among the seven most important countries on the UN Human Rights Council, in a report by the Human Rights Watch organisation.
Argentina's industrial output growth slowed in August to 5.2% year-on-year, while month-on-month economic activity contracted in July for the first time in 13 months, the government said on Friday.