Tag: Open, Simultanous and Compulsary Primary elections (PASO)

• Thursday, September 26th 2019 - 09:56 UTC

  Resumption of Argentina's financial program with IMF frozen... and “will have to wait”

  

  Argentina’s financial program with the International Monetary Fund (IMF) will be on hold for some time as the nation grapples with severe political and economic uncertainty, the Fund’s Acting Managing Director David Lipton said an interview.

• Monday, September 16th 2019 - 09:47 UTC

  IMF choice: to unlock or not to unlock the last tranche of funds for Argentina

  

  The International Monetary Fund has a tough choice to make in Argentina: unlock US$5.4 billion in funds under the country’s loan deal as the government strains to stave off default, or hold the money back and risk sparking more market panic.

• Tuesday, August 27th 2019 - 10:56 UTC

  Argentines fear of a repeat of the “corralitos” of 1989 and 2002

  

  It happened in 1989. It happened in 2002. Argentines who are old enough to remember do not want to go through it again.

• Thursday, August 22nd 2019 - 09:55 UTC

  Argentina default “possible”, but not “probable”, says credit rating agency Fitch

  

  Argentina could be downgraded again by Fitch Ratings if further weakness in the Peso boosts the risk of default, the agency’s head of sovereign ratings said in an interview. Argentina has issued billions of dollars worth of bonds denominated in U.S. currency.

• Tuesday, August 20th 2019 - 07:40 UTC

  Francis involvement in Argentine politics, is “an idea belonging to science fiction”

  

  A bishop had denied point-blank any involvement of Pope Francis in Argentine politics, following on August 11 presidential primaries, which have quashed President Mauricio Macri's reelection aspirations, increasing opposition candidate Alberto Fernandez chances of taking office next 10 December, while Latin America's third economy was driven into financial chaos as the word default creeps intensely as a possibility in the near future.

• Saturday, August 17th 2019 - 08:53 UTC

  Fitch downgrades Argentina's long term debt, fearing the risk of default

  

  Argentina's Peso ended a tumultuous week on Friday having shed 20% in its value against the dollar as Fitch cut the South American country's long-term debt by two notches, citing increased uncertainty and a rising risk of default.

• Friday, August 16th 2019 - 07:53 UTC

  Dollar volatility in Argentina eases in line with political dialogue

  

  Argentine markets bucked the dismal three-day losing streak on Thursday, amid signs of political compromise and a new central bank measure to prop up the embattled currency.

• Friday, August 16th 2019 - 07:35 UTC

  Argentina: Macri announces the end of sales taxes on basic food products until 2020

  

  Argentine President Mauricio Macri, trying to recover from a bruising primary election loss, announced on Thursday an end to sales taxes on basic food products until the end of the year in a bid to salvage his re-election prospects and end an economic crisis.

• Thursday, August 15th 2019 - 05:53 UTC

  Macri finally called Fernandez and had a “long and good” phone call, hopefully to help stabilize the economy

  

  Argentine President Mauricio Macri finally, on Wednesday, reached out to the winner of Sunday’s primary vote -- initially through a Whatsapp message. The message led to a “long and good” phone call between the two, the first since Alberto Fernandez’s resounding victory turned him into the clear favorite to win the Oct. 27 election.

• Thursday, August 15th 2019 - 05:30 UTC

  Macri announces measures to cut taxes and prop consumption hopefully to brighten Argentine pockets

  

  Argentine President Mauricio Macri on Wednesday unveiled a package of welfare subsidies and tax cuts for lower-income workers to lessen the impact of an economic crisis just months before a re-election bid, but his announcement did not halt the peso currency's collapse.