Authorities in the Argentine province of Salta called for tenders to build a “perimeter fence” 200 meters long and 2.5 meters high on the border with Bolivia along the Bermejo River between the Aguas Blancas bus terminal and the immigration checkpoint, in a move to keep irregular aliens and drugs from entering the country.
By Alejandro Werner (*) - The author thanks Ignacio Albe, Olivier Blanchard, Martina Copelman, Joseph Gagnon, José de Gregorio, Patrick Honohan, Douglas Irwin, Maurice Obstfeld, and other PIIE colleagues for their comments and suggestions.
Argentina's Chamber of Medium-sized Enterprises (CAME) released a report this weekend showing an interannual growth in exports of 17.3% measured in US dollars, with total sales amounting to US$ 10.032 billion, which represented 12.5% of the country's shipments. In addition, if measured in volume, SMEs exported 8.5 million tons, a 25.1% increase from 2023. However, CAME noted that the average price per ton fell by 6.3%.
The international credit rating agency Moody's Friday improved Argentina's long-term foreign and local currency issuer grades from Ca to Caa3 but warned that there are still significant risks to the country's ability to cover upcoming external debt payments.
Argentine President Javier Milei said Thursday during his appearance before the World Economic Forum (WEF) in Davos (Switzerland) that we must eliminate the virus of woke ideology that has been subverting the Western civilization's values over the past few years. Milei likened this aberrant ideology to a virus and insisted it was the cancer that must be removed if the golden age was to prevail.
An International Monetary Fund (IMF) team landed in Buenos Aires Wednesday to discuss Argentina's eligibility for a US$ 11 billion new loan to make up for the South American country's currently negative reserves. The mission is headed by the IMF's Western Hemisphere Department Deputy Director Luis Cubeddu.
Argentine President Javier Milei said in an interview with Bloomberg in Davos (Switzerland) that if breaking up with the Southern Common Market (Mercosur) was a requirement to sign a Free Trade Agreement (FTA) with the United States, he would not hesitate to do it.
Argentina's Libertarian Government Wednesday announced the appointment of career Ambassador Alan Claudio Béraud as the new mission chief before Uruguay. Béraud is already stationed in Montevideo, where he heads Argentina's representations before the Southern Comon Market (Mercosur) and the Latin American Integration Association (ALADI).
The human rights organization Grandmothers of Plaza de Mayo announced Tuesday in Buenos Aires the finding of Granddaughter Nº139. The entity seeks to determine the true identity of children born in captivity from prisoners who were later declared as disappeared by the military dictatorship, their offspring handed over for adoption to families ideologically compatible with the far-right de facto regime.
Argentina posted last year its highest nominal trade surplus in two decades, according to a National Institute of Statistics and Census (Indec) report released Monday in Buenos Aires. The document showed a US$ 18.9 billion positive outcome which contrasted with the US$ 6.925 billion deficit the year before.