President Cristina Fernández de Kirchner (CFK) ratified the current economic development model with strong government intervention and supported her position with the latest data on unemployment and growth.
Finance Secretary Hernán Lorenzino said Argentina wants to successfully conclude negotiations with the Paris Club Group of creditor nations involving 6.7 to 8 billion US dollars in defaulted debt before April.
Argentina has sent an expert in storage and humanitarian aid to the Caribbean island of Santa Lucia, recently ravaged by hurricane Tomas. The expert and 20 boxes containing sufficient pills to supply 600.000 litres of drinking water was expected to arrive in the island this week.
Argentine Economy Minister Amado Boudou confirmed that the ministry sent a letter to the Paris Club in order to initiate negotiations and establish a course of action for the cancellation of debt, although no specific dates were mentioned.
The Argentine government admitted that a confidential communication channel with the US on financial operations was interrupted mid 2009 following Washington’s suspicions that data sent to Buenos Aires was used for political purposes.
The Paris Club of creditor nations accepted Argentina’s request to hold talks on restructuring its estimated 6.7 billion US dollar of debt without the oversight of the International Monetary Fund, announced on Monday President Cristina Fernandez de Kirchner.
London-based Tehran Times newspaper published a controversial editorial on the international conflict Argentina and Iran are currently immersed into over the AMIA bombing probe. The newspaper assured the influence of Israel and the Jews on the internal affairs of Argentina increased greatly and the South American nation now seems like an occupied country.
President Cristina Kirchner received China's visiting Agriculture Minister Han Changfu on Monday at Government House in Buenos Aires, formally ending a six month trade war that threatened Argentina's standing as the world's leading soybean oil exporter.
With the staring participation of UN Secretary General Ban Ki-moon, the United Nations' Assembly held a special session Monday to pay tribute to former Argentina president and UNASUR Secretary General, Néstor Carlos Kirchner, who passed away on October 27, reported Argentine ambassador to the UN Jorge Argüello.
Bilateral trade among Mercosur main partners, Argentina and Brazil is expected to reach a “historic record” of almost 34 billion US dollars this year, 80% of which mostly manufactured goods, according to Argentine Industry minister Deborayh Giorgi, who also anticipated that the deficit would drop 30%.