Argentina

• Friday, June 14th 2024 - 22:02 UTC

  G7: Milei mingles with world leaders but no picture with Lula

  

  Argentine President Javier Milei began mingling with the elite of the global leadership Friday at the exclusive Italian resort of Borgo Egnazia where the G7 Summit is taking place. Although the South American country is not a member of the group pitting together the seven largest world economies, he attended as a guest at the invitation of host Prime Minister Georgia Meloni who welcomed him personally.

• Friday, June 14th 2024 - 19:10 UTC

  Brazilian Jan. 8 fugitives said to be hiding in Argentina

  

  Brazilian authorities have requested Argentina's help to arrest around 143 fugitives who have been tried and convicted for their involvement in the Jan. 8, 2023, riots in Brasilia. The escapees are believed to be supporters of former President Jair Bolsonaro who fled to Argentina in the hope of being granted political asylum given President Javier Milei's affinity with the conservative retired Army captain.

• Friday, June 14th 2024 - 09:30 UTC

  Argentina's Indec says May's CPI reached 4.2%

  

  Argentina's National Institute of Statistics and Census (Indec) announced Thursday that the Consumer Price Index (CPI) had grown 4.2% in May, which was celebrated by the Libertarian administration of President Javier Milei as another sign of a slow victory over inflation despite the 71.9% recorded in the first five months of 2024 and the 276.4% yoy.

• Friday, June 14th 2024 - 07:57 UTC

  Milei's trip to China announced but not confirmed

  

  After reaching the presidency of Argentina on diatribes against “lefties” and “Communists,” it was reported Thursday in Buenos Aires that Javier Milei would be traveling to Beijing for a meeting on July 4 with Xi Jinping, who insisted on the South American leader's presence for the signing of the extension of a US$ 5 billion currency swap that saved the Libertarian administration from maturities this month and the next.

• Thursday, June 13th 2024 - 10:43 UTC

  Milei leaves for G7 Summit with a plethora of good news

  

  After a day of good news following the Senate's broad approval of the Bases Law bill in addition to an arrangement with China to extend the currency swap in force, Argentine President Javier Milei and his entourage left for Borgo Egnazia, Italy, to attend the G7 Summit, during which he plans to hold talks with Prime Minister Giorgia Meloni, French President Emmanuel Macron and International Monetary Fund (IMF) Managing Director Kristalina Georgieva, among other world leaders.

• Thursday, June 13th 2024 - 10:37 UTC

  Pot and pan-banging protests staged after positive outcome at the Senate

  

  Residents and natives of the Argentine capital - known collectively as “porteños”- took to the streets of Buenos Aires on Wednesday evening banging pots and pans to protest against the Senatorial broad approval of the Libertarian Administration's Bases Law bill in addition to the police repression outside Congress against demonstrators earlier on.

• Thursday, June 13th 2024 - 10:33 UTC

  Libertarians get Bases Law bill passed at Senate

  

  Vice President Victoria Villarruel tipped the scale in favor of Argentina's Libertarian administration when she cast her affirmative vote breaking the 36-36 tie at the Senate for the broad passing of the Bases Law bill the government claims to need to rescue the country from its economic plight. Itemized voting went on during the wee hours of Thursday.

• Wednesday, June 12th 2024 - 23:58 UTC

  Scuffles in front of Argentine Congress reported

  

  Argentine law enforcement officers Wednesday fired teargas to disperse demonstrators convening in front of Congress to encourage Senators to vote against President Javier Milei's so-called Omnibus Law bill (officially known as Bases Law) with which the Libertarian administration intends to bring the country out of its economic plight. The bill has already been passed by the Lower House.

• Wednesday, June 12th 2024 - 20:29 UTC

  Milei pledges to leave Casa Rosada dead before surrendering Argentina's zero deficit

  

  Argentine President Javier Milei said Wednesday morning that “they will have to take me out of the [Casa] Rosada dead” if they are “to break the fiscal deficit.” The Libertarian leader made those remarks during his speech at an event in Buenos Aires ahead of his trip to Italy to attend the G7 Summit. ”We are going to make a bigger reform than the one made by Carlos Menem because ours is three times more (so),” he added.

• Tuesday, June 11th 2024 - 22:17 UTC

  World Bank foresees economic deterioration for Argentina this year

  

  According to the latest “World Economic Outlook” report released Tuesday by the World Bank from its headquarters in Washington DC, Argentina's economy is expected to fall sharply this year, thus becoming the Latin American country going through the tightest contraction in the region before rebounding in 2025. The study projected a 3.5% drop this year followed by a 5% surge in 2025, thus outperforming the rest of the continent.