MercoPress. South Atlantic News Agency
IMF praises Argentina's new focus despite an expected contraction of 1% this year
Argentina's GDP is expected to contract by about 1% in 2016, according to the latest IMF Regional Economic Outlook; Western Hemisphere, announced on Wednesday in Mexico. The chapter on Argentina makes a special mention of the new government's changes to remove macroeconomic imbalances. Read full article
Comments
Disclaimer & comment rulesSunshine pumpers.
Apr 29th, 2016 - 09:43 am - Link - Report abuse 0What about the impact of the demise of your major trading partner, Brazil ?
Praise from the French Crook must be like Macri introducing his lovely young daughter to a RCC 'Father'.
Apr 29th, 2016 - 11:25 am - Link - Report abuse 0Bit of a gamble that.
IMF praises Argentina
Apr 29th, 2016 - 06:43 pm - Link - Report abuse 0last week, IMF praised Cameron,
both are doomed.
Same old Argentina. Ignoring contracts it finds inconvenient, says they won't pay the court decision, either. Sound familiar?
Apr 29th, 2016 - 08:47 pm - Link - Report abuse 0”Argentine state explorer YPF has been fined around $500 million by an international arbitration court over contract cancellations relating to natural gas exports to Brazil in the last decade, the company said on April 27. Plaintiffs were seeking compensation for rescission of contracts with Transportadora de Gas del Mercosur (TGM) and AES Uruguaiana (AESU) in 2009.”
http://www.oilandgasinvestor.com/arbitration-court-fines-argentinas-ypf-500-million-gas-export-case-846916
http://www.oilandgasinvestor.com/arbitration-court-fines-argentinas-ypf-500-million-gas-export-case-846916
--- So, YPF wants to start exporting hydrocarbons but with this decision their exports and foreign assets are subject to seizure? Didn't we just have this sort of thing a few weeks ago?
Same old Argentina.
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