
If Argentina goes through with its threat to suspend the Falklands/ Chile airlink it will be an, “act of desperation,” said Member of Legislative Assembly Jan Cheek quoted by the Friday edition of the Falklands’ Penguin News.

The head of the International Monetary Fund, Christine Lagarde, said on Thursday that she wants a “constructive dialogue” with Argentina, while at the same time warned that she is not willing to make any “concessions” in terms of the quality of official data the IMF receives from member countries.

The Argentine Ambassador before the UN, Jorge Argüello, ratified Thursday morning that if the United Kingdom keeps on refusing to discuss and negotiate Malvinas Islands’ sovereignty, the government will cancel flights to the South Atlantic archipelago.

The International Monetary Fund will use estimates from the private sector and provincial governments to measure economic growth and inflation in Argentina, underscoring the IMF distrust of official data.

Argentine President Cristina Fernández de Kirchner was invited to visit Chile during a meeting she held in New York City with her Chilean counterpart Sebastián Piñera on the sidelines of the UN General Assembly.

Argentine president Cristina Fernandez de Kirchner, CFK, threatened to review and suspend the Falklands/Malvinas air link with Chile, covered by the 14 July 1999 agreement, unless the UK abides by UN resolutions and begins talks with Argentina on disputed South Atlantic Islands’ sovereignty.

The Argentine government plans to trim its dependence on central bank reserves to pay debt next year after tapping savings to slow depreciation of the Peso, according to its draft 2012 budget.

The IMF forecasts Uruguay’s economy will expand 6% in 2011 and 4.2% the following year. Estimates are in line with targets made public by Uruguay’s central bank.

Sales in Uruguay’s main livestock show, --the 2011 edition of Expo-Prado--, totalled 765.000 dollars and 245.5 animals which is a significant improvement over the previous year (in numbers and dollars) but also because Uruguayan genetics was exported to Mercosur neighbours.

Argentina and China launched an agreement to exchange tax information involving physical persons, business associations, trust funds, foundations and any entity liable of fiscal responsibility.