Tag: G-20 Mexico summitG-20 Mexico summit
The world's leading economies gave themselves a bit more space on Monday to meet targets for cutting budget deficits rather than risk worsening a slowdown in many countries, chief among them the United States.
Argentine Economy Minister Hernán Lorenzino called for developed countries to set limits to ‘vulture funds’ and credit rating agencies as “promoters of the global crisis,” as he addressed the G20 Finance Ministers meeting in Mexico on Sunday.
Argentine Economy Minister Hernán Lorenzino and Central Bank Governor Mercedes Marcó del Pont are leading the country’s delegation in the technical G20 meeting in Mexico, where they are expected to insist on the government’s criticisms against ‘vulture funds’ and credit rating agencies.
Argentina will pay back 5.716 billion dollars in bonds maturing next August and December, several of them tied to GDP evolution, confirmed president Cristina Fernandez.
During a speech at the House of Commons in London on Monday, United Kingdom’s Prime Minister David Cameron blasted Argentina for its “unacceptable behaviour” regarding the Falkland Islands sovereignty claim.
World leaders extended by one year their vow not to put up new trade barriers at the G20 summit on Tuesday in a last-minute deal that exposed deep rifts over protectionism.
Nations from around the world firmed up their commitments to provide emergency resources for the International Monetary Fund (IMF) designed to deter the spread of crises and increase the institution’s lending capacity to help countries in financial trouble.
The technical teams of Argentine nationalized hydrocarbon companies YPF and Russia’s Gazprom will begin to do joint work in the area, said Foreign Minister Héctor Timerman
UK PM David Cameron has refused to accept a letter from Argentina's president about her country's claim to the Falklands Islands. PM Cameron approached President Cristina Fernandez before the first session of the G20 summit in Mexico, No 10 said.
Brazil and Argentina agreed on Monday “to oppose any financial adjustment plan” and sponsor development and growth policies to face the world crisis, in the framework of the two-day G20 summit taking place in Mexico.