Argentina

Saturday, February 22nd 2020 - 10:08 UTC
Argentina economy shrinks two years running, 2.1% in 2019 after 2.5% in 2018

Recession-hit Argentina's economy shrank by 2.1% in 2019, the state statistics institute said on Friday. The institute said the economy contracted by 0.3% in December compared to the same period in 2018.
Friday, February 21st 2020 - 08:40 UTC
Argentina pressing Uruguay on Falklands' RAF flights landing in Carrasco

Argentina is again putting pressure on Uruguay, this time on the incoming government which takes office next March first, insisting no UK military aircraft linked to the Falkland Islands be allowed to land in the country's airports and Falklands should not be treated as state with which Uruguay has extensive trade and business exchanges.
Thursday, February 20th 2020 - 18:30 UTC
Despite excess rainfall in the north, Argentina still expects to collect 53.1 million tons of soybeans

It rained more in two days than it usually does in a month in some northern Argentine soy growing areas recently, but the crop losses will have little effect on national production when harvesting starts next month, farm weather experts said.
Thursday, February 20th 2020 - 18:20 UTC
Thousands of women with green scarves rally in Argentina in support of bill to legalize abortion

Thousands of women, many sporting the green scarves that have become the symbol of Argentina's abortion rights movement, rallied in Buenos Aires and other cities on Wednesday to campaign for a new bill to legalize abortion.
Thursday, February 20th 2020 - 18:10 UTC
IMF: Argentine debt is not sustainable, a meaningful contribution from private creditors is required

An IMF team, led by Julie Kozack Deputy Director of the Western Hemisphere Department and Luis Cubeddu Mission chief for Argentina, visited Buenos Aires from February 12 to 19, 2020 to discuss the recent macroeconomic developments and learn more about the Argentine authorities’ economic plans and policies. At the conclusion of the staff visit, Ms Kozack and Mr Cubeddu issued the following statement:
Wednesday, February 19th 2020 - 06:46 UTC
Argentina industrial activity plummeted 6.3% in 2019, for the second year running

Argentina industrial activity plummeted 6.3% during 2019, completing two consecutive years of losses, reported the Argentina Industrial Union following a survey of the sector which showed auto manufacturing suffered the greatest contraction, 32.5%.
Tuesday, February 18th 2020 - 13:40 UTC
Falklands completes successfully Badminton Cup, despite Argentina; Canada wins both categories

The Falkland Islands female team competing at the Badminton Pan Am Cup in Brazil gallantly completed its participation in the four-day event, despite protests and bullying from Argentina. Meanwhile Canada successfully defended both titles on finals day at the Pan Am Male and Female Cup.
Tuesday, February 18th 2020 - 06:55 UTC
IMF chief denies any haircut on the Argentine loan; Alberto Fernandez questions the decision

The International Monetary Fund, as the lender of last resort, won’t offer a haircut on its Argentina loan after Vice President Cristina Fernandez de Kirchner called on the institution to take a loss.
Tuesday, February 18th 2020 - 06:32 UTC
FT: “Argentina needs a plan for investment-led growth”

The Financial Times dedicated on Monday an editorial to Argentina and its current strategy to avoid again defaulting by pressing on the IMF, and later on sovereign bondholders, for a significant haircut in its national debt approaching 90% of GDP. However, FT points out that “debt talks are unlikely to succeed without a strategy for economic revival”
Tuesday, February 18th 2020 - 06:31 UTC
Mercosur urgent health ministers meeting to address dengue, measles and coronavirus threat

Mercosur health ministers will be holding an urgent meeting this week in Paraguay to address the spread of dengue, the outbreak of measles and the possible arrival of the China coronavirus to the region.