Argentine Economy Minister Luis 'Toto' Caputo said Wednesday that the Libertarian administration of President Javier Milei had that the Government has “everything ready for dollarization.” The “recovery is very close,” he added as the “blue” (a euphemism for “black market”) dollar bounced back after it became evident that the government would be unable to deliver on Milei's promise to have an agreement signed with the provincial governors by May 25.
1 commentArgentine President Javier Milei became overtly extrovert on social media Tuesday after the National Institute of Statistics and Census (Indec) announced that April's monthly Consumer Price Index (CPI) had stood at 8.8%. “GOOOOOOOOOOOOOOOOOOOL...!!!!,” he wrote in football-fan mode. Meanwhile, Presidential Spokesman Manuel Adorni said inflation had “its death certificate signed.”
1 commentArgentina's National Institute of Statistics and Census (Indec) Tuesday announced that April's Consumer Price Index (CPI) stood “at 8.8% in April 2024 compared to March and 289.4% year-on-year.” The government agency also noted in its X account that “they accumulated an increase of 65% in the first quarter.”
Add your comment!A Buenos Aires court Monday validated a plea agreement with the prosecution whereby the man who threw a bottle at President Javier Milei's motorcade on inauguration day has been sentenced to three and a half years in prison. In the incident, the perpetrator nearly missed the head of state's head and hit a security guard instead.
1 commentAfter passing the eighth review of its debt refinancing program with the International Monetary Fund (IMF), Argentina is expected to receive a US$ 800 billion disbursement in the coming weeks, it was announced Monday. However, the transaction still needs to be approved by the IMF Board of Directors.
Add your comment!A former commander in chief of the Argentine Army, 2003 to 2011, and Malvinas Veteran, Martín Balza in a recent column in the Buenos Aires daily Perfil, wrote a column exposing what he described as 'a secret pact between Chile and UK', to help avoid the defeat of the British Task Force in 1982 during the Falkland Islands conflict with Argentina.
17 commentsArgentina's Presidential Spokesman Manuel Adorni said in an interview with Montevideo's El País that Presidents Luis Lacalle Pou and Javier Milei had different points of view regarding the State's role in each country's economy. The official also addressed the delay in materializing an encounter between both heads of state despite the short geographical distance separating them.
Add your comment!Brazil's National Supply Company (Conab) has been entrusted with purchasing one million tons of rice to feed the people of Rio Grande do Sul and avoid the intervention of middle people seeking a black market profit from the victims of the unprecedented storms. Under normal circumstances, Rio Grande do Sul accounts for 70% of Brazil's rice production.
Add your comment!Argentine mothers are unique. They are the addressees of many famous tango pieces and celebrate Mother's Day way apart from all the others worldwide.
Add your comment!A train collision at 10.30 am Friday in the Buenos Aires neighborhood of Palermo left many people injured but no casualties were reported. While authorities are yet to determine the cause of the accident, railway union leaders blamed the Libertarian administration of President Javier Milei for the faulty signaling which has worsened over the past few months given the increase in copper wiring thefts.