On approval Monday March 22 by the IMF Executive Board of the second review of Argentina's performance under a three year 13,3 billion US dollars stand by arrangement Acting Managing Director Anne Krueger underlined that the consistent implementation of debt restructuring framework will be essential for the continued support of the international community, ”in particular, the (Argentine) authorities' intention to discuss with creditors all aspects of the debt exchange offer, including how best to take into account proposals received from creditors, is crucial”, said Ms. Krueger.
As Argentina intensifies hostile pressure on the Falklands, a strong message of support has come from the British Parliament saying the Argentine Government's actions are being kept under scrutiny.
The Executive Board of the International Monetary Fund, IMF, approved this Monday the second review of the three year stand-by agreement with Argentina.
According to the Argentine Tourism Office 3,328,485 tourists visited Argentina in 2003 leaving the equivalent of 2 billion US dollars, representing a 37% increase over 2002.
Argentina's total debt, private and public, reached 145,6 billion US dollars in the last quarter of 2003, with a 4,9 billion US dollars increase over the previous Q, reports the National Institute of Statistics.
The strong growth of the Argentine domestic natural gas market and future disruptions can only be solved with a firm government action, claimed in Buenos Aires Repsol-YPF Foreign Relations Manager Fabian Falco.
Argentina and Uruguay's strong rebound will lead the recovery of Latin America's economy that is forecasted to grow between 3,8 and 4% in spite of the recent terrorist attacks according to World Bank economist Guillermo Perry.
Defence Minister José Pampuro said yesterday that a minor diplomatic spat with Great Britain over the actions of a naval ship and helicopter that entered the Malvinas
economic zone last week is a thing of the past and that it has been overcome.
The construction of the Argentine War Memorial on the Falkland Islands will go ahead, despite recent alleged Argentine aggression inside the Falklands 200 miles internationally declared economic zone.
Headlines:
Lagos campaigning in Magallanes; Benthonic survey to tap Magallanes resources; Chilean Antarctic Institute HQ in Punta Arenas; Magallanes trade with EU jumped 31%; Minke whale sighted in Magellan Strait; Belfast Queen's University in Punta Arenas.