More Argentines are likely living in poverty now compared with last year, President Mauricio Macri said on Friday, as the country's economy slides toward recession following a currency crisis and a severe drought that harmed farm output.
Argentine prosecutors questioned a construction executive related to President Mauricio Macri on Monday as part of a sprawling investigation into bribe payments made to the former government. Angelo Calcaterra, the former head of construction company Iecsa and Macri’s cousin, told prosecutors he was told by officials in former President Cristina Fernandez’ administration to pay cash in exchange for public works contracts.
Argentina's President Mauricio Macri is acknowledging for the first time that the country's annual inflation rate will be 30%. Macri said Tuesday that the high consumer prices unfortunately are a product of this storm. He was referring to a sharp devaluation of Argentina's currency and a recent run on the Peso.
Leaders from the BRICS bloc of emerging economies share a positive outlook on Argentina's embattled economy, President Mauricio Macri said on Monday. Macri added that leaders from BRICS members - Brazil, Russia, India, China and South Africa - meeting in Johannesburg for the July 25-27 summit also expressed their support for the Argentine government's economic strategy.
Argentine president Mauricio Macri leaves for South Africa this Thursday to participate in the annual BRICS summit, where Brazil, Russia, India, China, and South Africa come together to discuss common issues.
An overwhelming majority of Argentines, 76%, are concerned with the financial turbulence and deeply dissatisfied with the poor performance of the economy according to a monthly survey from the University of San Andrés, its lowest point since the peak reached in October 2017 following the victory of president Mauricio Macri's coalition in the midterm elections.
Defense Minister Oscar Aguad has rejected the idea that modifications to the Defense Bill will give Argentina's Armed Forces the power to intervene in social conflicts. He also underlined the military will not replace the Gendarmerie along the borders. The comments follow demands from the opposition to have Congress address the issue.
In a radical reform of Argentina's defense doctrine, President Mauricio Macri said on Monday he is removing a ban on military involvement in fighting crime, terrorist threats and other internal security issues. Macri said he will modify a 2006 decree that limited the armed forces to defense against attacks by another country.
Christine Lagarde, Managing Director of the International Monetary Fund, met with Argentina’s President Mauricio Macri, Finance Minister Nicolas Dujovne and Central Bank Governor Luis Caputo in the context of the Group of 20 Finance Ministers and Central Bank Governors meeting in Buenos Aires over the weekend.
The UK Government position is unchanged: only the Falkland Islanders have the right to determine their own political and economic future, stated Phillip Hammond in Buenos Aires where he attended a two-day G20 ministers meeting.