
Thousands took out to the streets in Argentina's capital Buenos Aires and the country's main cities with flags on Thursday, July 9th, Independence Day to protest pandemic restrictions for businesses, corruption, and magistrates decision to send under house arrest one of the most notorious characters of the country's corrupt practices in the awarding of public works contracts.

Argentina’s US$65 billion debt restructuring talks teetered on the edge after two key creditor groups knocked back the country’s latest “final” offer, while the government signaled that there was no room left to improve the terms.

Argentina posted a daily record of 3,604 confirmed cases of COVID-19 as the country grapples with rising infections that are threatening its early success in stalling the spread of the virus.

A spokesperson for the International Monetary Fund said on Tuesday that Argentina’s latest debt offer to its creditors is “an important step” in the restructuring process.

The violent death of a former secretary of Argentine ex-president and currently vice president, Cristina Kirchner, in El Calafate, Santa Cruz province triggered a strong clash between the Argentine government and congressional opposition since there was speculation that Fabian Gutierrez, 48, a potential whistleblower in several corruption cases, had met his destiny to the hands of an alleged Kirchner conspiration.

Three hundred Argentine journalists have made public a document rejecting claims from Vice-president Cristina Fernandez that several media professionals have colluded in an illicit association to spy on her.

Argentina’s government unveiled an amended debt restructuring proposal on Sunday and set a deadline of Aug. 4 for creditors to accept it, adding some key sweeteners as it looks to defuse recent tensions with bondholders and strike a deal.

The global pandemic has hammered Argentina's economy, which is now expected to shrink around 12% this year, driving millions into poverty and leaving almost six out of every 10 children and adolescents below the poverty line, United Nations data show.

Argentina's economy is expected to contract by 12% in 2020, a monthly central bank poll of analysts showed on Friday, worse than the previous estimate of a 9.4% decline, as output is ravaged by measures to tame the coronavirus outbreak.

One of Argentina's main creditor groups, the Argentina Creditor Committee, confirmed on Friday that it had tabled a new offer to the country's government as part of ongoing debt renegotiations.