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MercoPress, en Español

Montevideo, May 22nd 2025 - 08:18 UTC

Economy

  • Monday, January 15th 2024 - 10:55 UTC

    Milei off to Davos, has meeting arranged with IMF's Georgieva

    Milei is expected to discuss with Georgieva the verbal agreement reached last week between Argentina and the IMF

    Argentine President Javier Milei is departing Monday to Davos, Switzerland, on regular airline flights with stopovers in Frankfurt and Zurich to participate in the World Economic Forum (WEF). According to Casa Rosada sources quoted by local media in Buenos Aires, he is also to have a one-on-one meeting with International Monetary Fund (IMF) Managing Director Kristalina Georgieva.

  • Monday, January 15th 2024 - 10:10 UTC

    Where will the Global Economy land in 2024?

    Without structural reforms (which do not appear forthcoming), its growth potential will be below 4% in the next three years, falling closer to 3% by 2030.

    By Nouriel Roubini (*)

    Heading into 2024, most economists and market analysts have adopted a baseline scenario in which most major economies avoid both a recession and renewed inflation – the much-desired “soft landing.” But the current encouraging consensus could still be derailed by any number of factors, not least geopolitics.

  • Saturday, January 13th 2024 - 11:20 UTC

    Argentina to issue larger-denomination banknotes

    Alberdi's liberal views also make him a mirror for President Javier Milei

    Argentina's Central Bank (BCRA) announced this week that would start printing AR$10,000 and AR$20,000 bills (a little under US$ 10 and 20 respectively) to meet the demand for higher-denomination banknotes, it was reported in Buenos Aires. “The issuance of these denominations will facilitate transactions among users,” the BCRA argued in a statement.

  • Friday, January 12th 2024 - 13:33 UTC

    FMI hopes Milei's plan gets enough political support

    President Javier Milei's administration “is already implementing an ambitious stabilization plan,” Kozack also noted

    International Monetary Fund (IMF) Spokeswoman Julie Kozack Thursday said the global credit agency hoped Argentina's latest measures would have the political support they needed, particularly the adjustments included in the so-called Omnibus Law bill currently in Congress.

  • Friday, January 12th 2024 - 11:11 UTC

    Argentina: Patagonian League relaunched to protect local interests from national gov't

    The Patagonian Governors seek to have a say on issues that have a direct impact on regional economies

    Despite stemming from different political forces, the governors of Argentina's Patagonian provinces Thursday issued a joint statement condemning President Javier Milei's bold approach to the country's economic crisis, particularly his most-encompassing emergency decree (DNU) and the so-called Omnibus Law bill currently in Congress.

  • Friday, January 12th 2024 - 10:34 UTC

    CPI goes up 25.5% in December in Argentina

    “We applied a much deeper adjustment plan than the one requested by the IMF,” Milei explained

    Argentina's National Institute of Statistics and Census (Indec) Thursday said the Consumer Price Index (CPI) for December 2023 went up by 25.5% for an interannual total of 211.4%, it was reported in Buenos Aires.

  • Thursday, January 11th 2024 - 11:20 UTC

    Argentina gets fresh cash from IMF for impending maturities

    “We have to solve the country's addiction to public spending,” Caputo argued

    The Argentine Government of President Javier Milei Wednesday reached an understanding with the International Monetary Fund (IMF) whereby the global credit agency will make a disbursement of nearly US$ 4.7 billion, Economy Minister Luis Toto Caputo confirmed during a press conference in Buenos Aires.

  • Wednesday, January 10th 2024 - 11:21 UTC

    China and new Argentine government find areas to soothe relations

    China has opened its market to a list of 143 products from Argentine agro-business

    Argentine foreign minister Diana Mondino is proving to be an efficient peace maker. Despite president Javier Milei aggressive rhetoric towards the Beijing regime during and after the electoral campaign, Ms. Mondino seems to have managed a working understanding with the Chinese government.

  • Tuesday, January 9th 2024 - 10:59 UTC

    Argentine FM to meet with Chinese ambassador amiid growing tension

    Mondino's job lies in the balance. She still has Milei's support, though

    Argentine Foreign Minister Diana Mondino is to meet on Thursday or Friday with Chinese Ambassador Wang Wei to discuss a US$ 6.5 billion currency swap brokered by former Economy Minister Sergio Massa last year, among other topics.

  • Monday, January 8th 2024 - 12:59 UTC

    Back from Antarctica, Milei calls opponents “useful idiots” and defends 30% inflation

    “The exercise of science, cooperation, and the preservation of the Antarctic environment are priority axes of our Antarctic foreign policy,” Milei said

    Argentine President Javier Milei returned this weekend to the mainland after touring the Marambio and Esperanza Bases in Antarctica, it was reported in Buenos Aires.