Argentina's July inflation rate was 1.9%, the government's Indec statistics agency reported on Thursday, bringing the seven-month rate to 15,8% and the 12-month rate to 42.4%. During July the items which showed the main increase were Housing maintenance, 3,9% and Leisure and Culture, 3,3%, with a special emphasis in electronics and home appliances.
President Alberto Fernández, announced on Wednesday that Argentina together with Mexico, will produce for Latin America the coronavirus vaccine developed by the AstraZeneca laboratory in collaboration with the British University of Oxford.
This is a clear example of the kind of cooperation needed to battle the Covid-19 pandemic globally, UK Ambassador Mark Kent said following the Wednesday announcement of the agreement for the production in Argentina of the vaccine currently being developed by the AstraZeneca lab and the University of Oxford.
After reaching a US$ 65 billion restructuring agreement in principle with its creditors earlier this month, Argentina must now turn to relief from the International Monetary Fund to free up cash in the near term, the Institute of International Finance, IIF said on Tuesday.
The Falkland Islands elected Government on Monday publicly expressed its disappointment with the Argentine government regarding its determined intent to escalate their sovereignty claim over the Islands and continue harassing the people of the Falklands. In response to that attitude Gilbert House, seat of the government elected by the people of the Falklands, in democratic elections, has made the following release:
Argentina’s US$ 65 billion debt restructuring agreement with bondholders will likely lead to credit upgrades but is far from ensuring the country’s longer-term economic future, rating agencies commented on Thursday.
Argentina is planning to intensify its policy to claim sovereignty over the Falklands and other South Atlantic Islands with a road map that contemplates three immediate objectives, reinstate in the Organization of American States the claim, resurface the legal threat against oil companies operating in South Atlantic (Falklands) waters and put pressure on the European Union so that a post-Brexit trade agreement with the UK does not include the Falklands in the list of Overseas Territories.
Argentina aims to reach a deal with the International Monetary Fund over a new financing program before the end of March, a time frame that Fund veterans say is realistic if both sides show commitment. The news was reported by the economic media from Buenos Aires.
The central bank of Argentina announced it will renew a currency cooperation agreement with the People's Bank of China to swap US$ 18.2 billion worth of each other's currencies next week, El Economista reported on Friday.
The United Nations Decolonization Committee, or C24, unanimously approved a resolution on Wednesday calling on the UK and Argentina to resume negotiations, so that in the shortest time possible a peaceful and definitive solution to the sovereignty controversy over the Falkllands, South Georgia, South Sandwich islands and adjoining maritime spaces.