
U.S. Treasury Secretary Steven Mnuchin on Sunday welcomed Argentina's talks with the International Monetary Fund after the heavily indebted country said it would launch consultations, starting Monday, that could lead to a new funding program.

Argentine beef exports to its top buyer China fell almost a third in January due to a price dispute with Chinese importers and the effects of a coronavirus outbreak, the head of the country's meat export chamber revealed.

Argentina's economic activity expanded in December as retail sales and manufacturing advanced, while the country posted a trade surplus in January that almost tripled the surplus the same month a year earlier.

Argentina is thought to be on the brink of falling into its ninth sovereign default, prompting some analysts to speculate whether the crisis-prone South American country might be tempted to accept funding from China.

Recession-hit Argentina's economy shrank by 2.1% in 2019, the state statistics institute said on Friday. The institute said the economy contracted by 0.3% in December compared to the same period in 2018.

Argentina is again putting pressure on Uruguay, this time on the incoming government which takes office next March first, insisting no UK military aircraft linked to the Falkland Islands be allowed to land in the country's airports and Falklands should not be treated as state with which Uruguay has extensive trade and business exchanges.

It rained more in two days than it usually does in a month in some northern Argentine soy growing areas recently, but the crop losses will have little effect on national production when harvesting starts next month, farm weather experts said.

Thousands of women, many sporting the green scarves that have become the symbol of Argentina's abortion rights movement, rallied in Buenos Aires and other cities on Wednesday to campaign for a new bill to legalize abortion.

An IMF team, led by Julie Kozack Deputy Director of the Western Hemisphere Department and Luis Cubeddu Mission chief for Argentina, visited Buenos Aires from February 12 to 19, 2020 to discuss the recent macroeconomic developments and learn more about the Argentine authorities’ economic plans and policies. At the conclusion of the staff visit, Ms Kozack and Mr Cubeddu issued the following statement:

Argentina industrial activity plummeted 6.3% during 2019, completing two consecutive years of losses, reported the Argentina Industrial Union following a survey of the sector which showed auto manufacturing suffered the greatest contraction, 32.5%.