Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, June 13th 2025 - 09:21 UTC

Argentina

  • Thursday, July 28th 2022 - 09:10 UTC

    Argentina's never ending tragic farce

    Markets go crazy, and the peso tumbles, resulting in a 150% gap between the black-market exchange rate – euphemistically known locally as the blue rate – and the official rate.

    By Andrés Velasco (*) - Argentine voters are no strangers to financial turmoil, but they keep electing politicians who run large fiscal deficits and finance them by printing pesos. Could it be that the only way for politicians to show they want to save the economy is to destroy it first?

  • Thursday, July 28th 2022 - 08:57 UTC

    IDB keeps approving loans for Argentina amid frozen disbursements

    During her time in Washington DC this week, Argentine Economy Minister Silvina Batakis had no contact with any IDB official

    The Inter-American Development Bank (IDB) has approved a credit line worth US$ 1140 million for energy investments and vowed to keep reviewing CEO Mauricio Claver-Carone's decision to halt a separate disbursement of over US$ 800 million to a country with such a credit record.

  • Wednesday, July 27th 2022 - 21:00 UTC

    Passarella has a neurological condition similar to Parkinson's and Alzheimer's

    “The consequences of the blows are only seen when they have been ex-players for years,” Herbella noted

    Daniel Alberto Passarella, who captained Argentina to their first ever World Cup title, on home soil in 1978, has been reported to have a neurodegenerative condition with combined signs and symptoms of Parkinson's and Alzheimer's disease, which keeps him isolated at home most of the time.

  • Wednesday, July 27th 2022 - 09:40 UTC

    Argentine Central Bank creates “agrodollar” to boost export liquidations

    The new scheme will become available until August 31 to cover the foreign exchange gap, Central Bank (BCRA) CEO Miguel Pesce explained

    Argentina's monetary authorities Tuesday announced the creation of the “agrodollar,” a special exchange rate for agrifood exporters to liquidate their revenues through formal channels at an exchange rate closer to the parallel (“blue”) quotation.

  • Tuesday, July 26th 2022 - 10:55 UTC

    Argentina: Unofficial dollar falls after Batakis meets IMF Chief

    Georgieva postponed her vacation plans to meet with Batakis, it was reported

    The unofficial exchange rate between the US dollar (also known as “blue”) and the Argentina peso fell between AR$ 16 and 17 Monday after Economy Minister Silvina Batakis met in Washington DC with International Monetary Fund (IMF) Managing Director Kristalina Georgieva and the World Bank agreed on a US$ 200 million loan to boost the country's coffers.

  • Tuesday, July 26th 2022 - 10:51 UTC

    World Bank officials meet Batakis and confirm continued support for Argentina

    “Argentina values its long-term partnership with the World Bank for its financial and technical support,” said minister Silvina Batakis

    World Bank Managing Director of Operations, Axel van Trotsenburg met with Silvina Batakis, Minister of Economy. Mr. van Trotsenburg and Minister Batakis discussed the global impacts of inflation and the war in Ukraine and Argentina’s role in helping to ease the world’s food crisis as a major agricultural producer.

  • Tuesday, July 26th 2022 - 10:20 UTC

    New Argentine Ambassador welcomed in Caracas as full ties resumed

    The Maduro administration hailed President Fernández's decision to appoint Laborde as full ambassador to Caracas

    The Venezuelan government of Nicolás Maduro Monday welcomed Argentina's new ambassador Oscar Laborde, as full diplomatic ties between the two countries were resumed following a decision by the administration of former President Mauricio Macri (2015-2019) to join the so-called Lima Group which recognized opposition leader Juan Guaidó as interim head of state.

  • Tuesday, July 26th 2022 - 10:04 UTC

    Argentine judge releases Emtrasur 747's cargo

    The judge is expected to allow the crew to leave the country Tuesday, according to local press reports

    Argentine Federal Judge Federico Villena Monday ordered the release of the cargo brought into the country aboard the Venezuelan-Iranian Boeing 747-300 seized at the Ezeiza International airport after the nature of the flight and the size of the crew rose suspicion.

  • Tuesday, July 26th 2022 - 09:33 UTC

    Argentine gov't open to compensating those damaged by COVID-19 vaccines

    All legal actions must be undertaken within three years after the effects generated by the vaccine

    People who have suffered an “adverse event” from COVID-19 vaccines may seek compensation from the Argentine Government as per the “Covid-19 Reparation Fund,” according to Health Ministry Resolution 7/2022 published Monday in the Official Gazette.

  • Tuesday, July 26th 2022 - 09:20 UTC

    World Bank US$ 200 million loan to promote innovation and entrepreneurship in Argentina

    “The culture of encounter and the popularization of technology are the best instrument to close social gaps,” said Gustavo Béliz, Secretary for Strategic Affairs.

    The World Bank Board of Directors approved a US$200 million loan to promote sustainable growth in Argentina, driven by innovation and focused on the creation of technology-based companies, support for entrepreneurs, and access to private capital.