Faced with extremely tight finances, both the city and province of Buenos Aires have decided to pay suppliers with bonds to bridge the widening spending gap, the Argentine State Supplier Union, or UAPE, said in a press release Thursday.
The Argentine Air Force commemorated on Thursday October 29 the fortieth anniversary of Air Base Vice-Commodore Gustavo Marambio, Argentina’s main logistic support in Antarctica which has seen uninterrupted activity since then.
Brazilian Minister of Development Industry and Trade, Miguel Jorge confirmed Thursday that the Brazilian government is requesting non automatic licenses for some imports from Argentina, but denied it was a reprisal because of similar measures imposed by Argentina.
Argentina and Chile will sign Friday an integration and cooperation agreement which is an update of the Peace and Friendship treaty of 1984 which paved the way for a close relation and dependency between the neighbouring countries that only a few years before had been on the verge of war.
Argentina has the potential for a faster growth, but it needs to do more, especially in policies to return to financial markets said the director of the Western Hemisphere Department of the International Monetary Fund Nicolás Eyzaguirre.
Trade obstacles imposed by Brazil against Argentine exporters in reprisal for similar measures by the Argentine government of President Cristina Fernandez de Kirchner escalated Tuesday when the Brazilian ambassador was summoned to the Argentine Foreign Affairs ministry.
The Argentine government announced a package of fiscal control measures on Thursday, including the use of electronic bills for sales of imported goods, second-hand car sales and hotel operations.
Argentina and Paraguay have made a historic pledge to save one of the world’s most threatened forests. During a special ceremony at the XIIIth World Forestry Congress, the two governments agreed to work towards zero net deforestation in the Atlantic Forest, and to implement a package of measures that include national legislation to enforce those commitments.
Argentina's September trade surplus narrowed 42.8% from the same month a year ago, with exports falling even faster than imports, the government said this week. September's 926 million US dollars surplus, which fell short of analysts' expectations, is the smallest since January.
Argentina’s former cabinet chief Alberto Fernandez said the International Momentary Fund, IMF, is not the cause of the country’s poverty. His statements come in the middle of negotiations between the administration of President Cristina Fernandez de Kirchner and the IMF for a possible understanding which could open the way for fresh funds for Argentina.