Argentina

• Friday, October 23rd 2020 - 08:55 UTC

  Argentina plans US$ 1,5bn subsidies to resurface Vaca Muerta output: “cheaper than importing LNG”

  

  Argentina’s cash-strapped government says it can find US$ 5.1 billion to give to natural gas drillers in a bid to resurface the country’s Vaca Muerta shale patch and prevent a jump in imports of the fuel.

• Wednesday, October 21st 2020 - 09:45 UTC

  Bolivian president-elect: “no role” for the winning party leader Evo Morales currently exiled in Argentina

  

  Bolivia's president-elect Luis Arce said on Tuesday that there was “no role” in his government for socialist party leader Evo Morales, who governed for almost 14 years before resigning under pressure last year and fleeing the country.

• Tuesday, October 20th 2020 - 09:50 UTC

  Argentina has over a million virus cases despite a record quarantine

  

  At the extreme end of Argentina in a city known as “The End of the World,” many thought they might be spared from the worst of the coronavirus pandemic. Sitting far from Buenos Aires, health workers in Ushuaia were initially able to contain a small outbreak among foreigners hoping to catch boats to the Antarctic at the start of the crisis.

• Monday, October 19th 2020 - 09:57 UTC

  Falklands' incursion and landing by an Argentine submarine at Cow Bay in October 1966

  

  A top-secret operation from the Argentine navy, which apparently took place in October 1966, was revealed by an Argentine newspaper, El Diario Nuevo Día, from the province of Santa Cruz. The operation took place when the submarine ARA Santiago del Estero, emerged at Cow Bay, in East Falkland, north of Stanley, and had a couple of teams land and survey the beach and surrounding areas with most probably a future invasion purpose.

• Saturday, October 17th 2020 - 09:58 UTC

  Argentine president confident in the ruling coalition unity to face challenges, despite signs of rifts

  

  Argentina’s ruling coalition is showing signs of strain just 10 months into power, further complicating the nation’s challenge to climb out of a deep recession while President Alberto Fernandez’s popularity dives.

• Saturday, October 17th 2020 - 09:57 UTC

  Argentine economy minister confident it can maintain the current exchange rate policy

  

  Argentine Economy Minister Martin Guzman said on Friday the country has the necessary instruments to maintain the current exchange rate policy, despite tumbling foreign reserves and a ballooning gap between the official and informal peso exchange rates.

• Friday, October 16th 2020 - 09:58 UTC

  Argentina wants energy firms to invest US$ 5 billion to boost gas production

  

  Argentina wants energy firms to invest some US$ 5 billion to boost hydrocarbon production and generate jobs in the country's prized Vaca Muerta shale play, as well as to bring in much-needed foreign currency.

• Thursday, October 15th 2020 - 09:59 UTC

  September inflation in Argentina reached 2,8% and 36,6% in twelve months

  

  Argentina's inflation accelerated slightly in September from August as some easing of quarantine restrictions allowed the economic activity to begin to recover. The consumer prices rose 2.8% in September and increased 36.6% from a year earlier, Argentina's Indec statistics agency said on Wednesday.

• Thursday, October 15th 2020 - 09:58 UTC

  Argentina is in deep recession and needs a credible roadmap, IMF chief

  

  “Argentina faces very dramatic challenges, the country is in deep recession and social conditions are worsening”, was the response of IMF chief Kristalina Georgieva when asked about the difficult challenges faced by Argentina and if the current government has the political will and consensus to move forward with a plan to restore confidence.

• Wednesday, October 14th 2020 - 09:27 UTC

  Argentine economy to fall 11.8% in 2020 and rebound 4.9% in 2021, according to IMF

  

  The International Monetary Fund (IMF) forecasts that the Argentine economy will fall by 11.8% this year, and rebound by 4.9% in 2021, the credit agency announced. This was stated in the Economic Outlook Report (WEO) called “A long and difficult road uphill”, where as a result of the pandemic it estimated a fall in world GDP of 4.4% and a recovery of 5.2% by 2021.