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MercoPress, en Español

Montevideo, December 17th 2025 - 21:48 UTC

Argentina

  • Thursday, January 30th 2025 - 13:28 UTC

    BOFA report predicts relative stability in Argentina until mid-term elections

    IMF “disbursements should be used primarily to pay the IMF itself,” the BOFA reckoned

    A Bank of America (BOFA) report released this week forecast that Argentina's Libertarian administration of President Javier Milei would be lifting the so-called exchange rate stocks in December this year. By that time, the rate was projected to stand at AR$ 1,400 = US$ 1. The study also deemed a US$ 20 billion from the International Monetary Fund (IMF) plausible, to endorse Milei's “chainsaw” State spending cuts policies amid greater exchange rate flexibility.

  • Thursday, January 30th 2025 - 11:35 UTC

    Argentina launches a month assessment of Illex squid along the Patagonian shelf

    The cruise will be done onboard the fisheries research vessel Victor Angelescu

    Argentina this week launched a month long cruise assessment of the sub-Patagonic squid, Illex Argentinus, on board the Ocean Fisheries Research Vessel, Victor Angelescu. The area of research will extend between parallels 46 and 51 degrees south.

  • Wednesday, January 29th 2025 - 20:39 UTC

    Milei’s Davos speech triggers political and social uproar

    In his 30-minute speech, the Argentine president said he had a much bigger task than reforming the chronically crisis-ridden South American country.

    Argentine President Javier Milei generated a wave of criticism after his statements at the World Economic Forum in Davos, where he linked homosexuality with pedophilia. His words triggered the call for an “anti-fascist” march, which is expected to be massive in Buenos Aires and other cities of the country

  • Wednesday, January 29th 2025 - 10:39 UTC

    IMF mission leaves Buenos Aires but talks will continue

    There is no deadline for the new understanding between Argentina and the IMF, Adorni said

    The International Monetary Fund's (IMF) team rounded up its mission to Buenos Aires Monday saying that negotiations for a new loan will continue. IMF Managing Director Kristalina Georgieva's envoys held meetings with Economy Minister Luis Toto Caputo and other high-ranking officials from the libertarian administration, after which they reckoned that some progress had been made.

  • Tuesday, January 28th 2025 - 10:55 UTC

    Argentina to build fence along Bolivian border

    Aguas Blancas is known to be particularly porous to uncontrolled traffic from Bolivia

    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.

  • Tuesday, January 28th 2025 - 07:41 UTC

    Milei’s 2025 challenges: Between Argentina's mid-term elections and the IMF

    Javier Milei with his good friend Donald Trump

    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.

  • Monday, January 27th 2025 - 14:26 UTC

    Argentine SME exports grow 17.3% in 2024

    When measured in dollars, sales grew despite an average contraction in prizes

    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%.

  • Saturday, January 25th 2025 - 09:29 UTC

    Moody's improves Argentina's grades

    Lifting exchange rate controls will bring on new challenges for the Libertarian administration

    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.”

  • Thursday, January 23rd 2025 - 21:45 UTC

    Milei targets progressiveness during Davos speech

    “Wokeism” has “the manifest desire to destroy criticism and dissent,” Milei warned

    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.

  • Thursday, January 23rd 2025 - 10:22 UTC

    IMF mission arrives in Buenos Aires to discuss US$ 11 billion loan

    The IMF mission is headed by Western Hemisphere Department Deputy Director Luis Cubeddu

    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.