Economy

• Saturday, February 24th 2024 - 10:24 UTC

  Argentina: Chubut Governor threatens to cut oil supply if federal funds are withheld

  

  Chubut Governor Ignacio Torres Friday warned Argentine President Javier Milei that his province would stop exporting oil if the federal administration insisted on “improperly withholding half of the [so-called] co-participation” funding. “If on Tuesday there is no resolution from the courts, we will not export even one more barrel of oil,” threatened Torres, whose stance was endorsed by several fellow governors and also by Buenos Aires Mayor Jorge Macri.

• Friday, February 23rd 2024 - 10:19 UTC

  Milei and IMF envoy discuss additional help for Argentina

  

  President Javier Milei and International Monetary Fund (IMF) Deputy Managing Director Gita Gopinath Thursday discussed Argentina's course of action under the Libertarian's leadership during a meeting at Casa Rosada, it was reported from Buenos Aires. Gopinath said she had an “excellent and substantive meeting with President Milei on the best way to move the country forward.” Also Thursday, she got together with Cabinet Chief Nicolás Posse and Interior Minister Guillermo Francos.

• Wednesday, February 21st 2024 - 16:12 UTC

  French FM stops by in Buenos Aires ahead of Rio summit

  

  Argentine President Javier Milei met in Buenos Aires Tuesday with France's Foreign Minister Stéphane Séjourné to strengthen bilateral ties and trade between the two countries.

• Wednesday, February 21st 2024 - 10:45 UTC

  Cameron underlines Mercosur's potential for UK after Brexit

  

  Paraguayan President Santiago Peña and British Foreign Secretary Davis Cameron met Tuesday in Asunción to discuss bilateral issues and also to explore the South American Market's (Mercosur) potential. Peña currently holds the pro tempore presidency of Mercosur.

• Wednesday, February 21st 2024 - 10:45 UTC

  IMF's Gopinath to hold key meetings in Buenos Aires

  

  International Monetary Fund (IMF) Deputy Managing Director Gita Gopinath is due in Buenos Aires this week for meetings with President Javier Milei, Cabinet Chief Nicolás Posse, and Economy Minister Luis 'Toto' Caputo.

• Wednesday, February 21st 2024 - 10:23 UTC

  Uruguay: River travel surcharge to trigger legal challenges

  

  Buquebús and Colonia Express, the two shipping companies providing regular passenger services between Argentina and Uruguay, announced this week that they planned to challenge President Luis Lacalle Pou's decree creating a US$ 2.56 surcharge for passengers arriving or leaving at the ports of Colonia and Montevideo.

• Tuesday, February 20th 2024 - 10:52 UTC

  Paraguay's Central Bank lowers interest rates once again

  

  Paraguay's Central Bank (BCP) Monday lowered once again the monetary policy interest rate from 6.50% to 6.25% per annum. It was the seventh straight move in the same direction since August last year, it was reported in Asunción.

• Monday, February 19th 2024 - 10:50 UTC

  Poverty on the rise in Argentina, Catholic University says

  

  According to a study from the Argentine Catholic University (UCA) published during the weekend, poverty in the South American country has gone up from 44.7% to 57.4% of the population in little over two months since President Javier Milei took office.

• Saturday, February 17th 2024 - 10:34 UTC

  Argentina achieves financial surplus for the first time in 12 years

  

  The Argentine government of President Javier Milei announced Friday in Buenos Aires that the country had achieved a financial surplus for the first time in 12 years. In the first full month of the new administration, tax revenues grew by 256.9% which in addition to stringent cuts in public expenditure yielded these results, it was explained.

• Friday, February 16th 2024 - 11:40 UTC

  Now Argentines do their shopping across the border due to lower prices

  

  After little over two months in office, President Javier Milei has managed to reverse a trend whereby people from neighboring countries crossed the border to do their shopping in Argentina. According to reports from the provinces of Misiones and Jujuy, it is now less expensive for Argentines to do it the other way around.