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Montevideo, February 6th 2025 - 15:39 UTC

Argentina

  • 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

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  • 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.

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  • 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.

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  • 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.

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  • 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.

  • Wednesday, January 22nd 2025 - 21:13 UTC

    Milei would have no qualms breaking up with Mercosur if need be for FTA with US

    Milei is willing to pay any price to drive along what he thinks is prosperity's road

    Argentine President Javier Milei said in an interview with Bloomberg in Davos (Switzerland) that if breaking up with the Southern Common Market (Mercosur) was a requirement to sign a Free Trade Agreement (FTA) with the United States, he would not hesitate to do it.

  • Wednesday, January 22nd 2025 - 20:53 UTC

    Argentina picks Béraud to head all three Montevideo-based embassies

    Béraud is a career diplomat who has served as Ambassador to Japan and Costa Rica

    Argentina's Libertarian Government Wednesday announced the appointment of career Ambassador Alan Claudio Béraud as the new mission chief before Uruguay. Béraud is already stationed in Montevideo, where he heads Argentina's representations before the Southern Comon Market (Mercosur) and the Latin American Integration Association (ALADI).