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Montevideo, April 2nd 2023 - 09:22 UTC


  • Saturday, April 1st 2023 - 10:39 UTC

    IMF okays US$ 5.4 bn disbursement for Argentina

    ”The Board decision makes possible an immediate disbursement of US$ 5.4 billion (SDR 4 billion), bringing total disbursements under the agreement to about US$ 28.9 billion,” the IMF said.

    The International Monetary Fund (IMF)'s Executive Board Friday approved the fourth review of last year's Extended Facilities Program with Argentina, after which a US$ 5.4 billion disbursement for the South American country was cleared to proceed, it was reported in Washington DC.

  • Saturday, April 1st 2023 - 09:33 UTC

    Colonia launched as possible destination at cruise fair

    Monzeglio (left) and Lammens concurred Argentina and Uruguay should promote themselves jointly for cruise travel

    Uruguayan tourism authorities included the riverside city of Colonia del Sacramento as yet another possible destination for cruise ships already making calls at Montevideo and Punta del Este. Deputy Tourism Minister Renzo Monzeglio headed the South American country's delegation which participated in the recent Seatrade Cruise Global 2023, arguably the most important cruise fair in the world, held at the Fort Lauderdale Convention Center in the US State of Florida.

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  • Friday, March 31st 2023 - 16:04 UTC

    Two-thirds of high-net-worth individuals investing in Uruguay are Argentinean: see details

    Uruguay is considered a regional hub for investment advice to high net worth clients

    The sector of investment advisors and portfolio managers in Uruguay grew in the number of clients and employees last year. This sector currently manages the money of 36,170 clients, 63% of whom are Argentine, with a total of US$ 28.93 billion invested in different instruments.

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  • Friday, March 31st 2023 - 09:31 UTC

    Argentina's poverty indexes on the rise

    According to Indec, 54.2% of people aged 0 to 14 live in poverty

    Argentina's National Institute of Statistics and Census (Indec) Thursday released a study showing that 39.2% of the South American country's economically active population was living in poverty in the second half of 2022, an increase from the 37.3% recorded during the same period of 2021

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  • Friday, March 31st 2023 - 09:00 UTC

    Von der Leyen says Mercosur deal a priority but Argentina warns “not so fast”

    “We will strengthen cooperation in sectors such as digital and clean technology,” the EU Chief Executive said

    European Commission President Ursula von der Leyen said the agreement with Mercosur was a priority, but Argentina's government has second thoughts about the advantages it would actually entail, it was reported Thursday.

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  • Friday, March 31st 2023 - 08:36 UTC

    Argentina to launch “agro dollar” exchange rate

    Agro dollar will be in effect for 30 to 90 days, it was reported in Washington DC, where Massa was on an official mission to the International Monetary Fund (IMF).

    Argentine Economy Minister Sergio Massa Thursday announced the creation of the so-called “agro dollar,” a new exchange rate for agrifood exports, which seeks to help replenish the country's impoverished coffers while simplifying foreign currency operations for all rural producers.

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  • Thursday, March 30th 2023 - 10:55 UTC

    Fernández seeks Biden's help ahead of further IMF talks

    Fernández also said he supported Biden's gun control initiative

    Argentine President Alberto Fernandez was welcomed Wednesday at the White House by his US colleague Joseph Biden. The South American leader explained that his country was going through its worst drought since 1929, which “has greatly complicated our economy” and sought Biden's help in the upcoming negotiations with international creditors. The meeting was to have been held in July 2022 but the US president contracted Covid-19 and it was postponed.

  • Thursday, March 30th 2023 - 10:45 UTC

    Massa and Gopinath discuss IMF flexibilization and disbursement

    ”Good meeting with Minister Sergio Massa,” Gopinath said.

    Argentina's Economy Minister Sergio Massa Wednesday met with International Monetary Fund (IMF) Deputy Managing Director Gita Gopinath to discuss the flexibilization of the reserve's goals in addition to a US$ 5.3 billion disbursement to be announced early next week, it was reported in Washington.

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  • Thursday, March 30th 2023 - 10:43 UTC

    ARA Irízar off to final stage of Antarctic campaign

    The Irízar also unloaded Antarctic waste and other materials in Ushuaia

    Argentine Navy icebreaker ARA Almirante Irízar Captain Carlos Recio announced that the unit had “complied with all the tasks emanating from the operations order of the Joint Antarctic Commander, also carrying out more than 600 movements of scientific and military personnel between the different joint Antarctic bases” and was therefore on her way to the last stage of the ”Antarctic Summer Campaign (CAV) 2022/2023,” it was reported.

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  • Thursday, March 30th 2023 - 10:09 UTC

    First human case of bird flu reported in Chile

    The 53-year-old male patient in Arica was reported to be stable

    Chilean health authorities Wednesday confirmed the first case of a human patient suffering from avian flu. It is a 53-year-old man from the city of Arica in the northern part of the country, who has been reported to be stable.

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