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MercoPress, en Español

Montevideo, May 22nd 2025 - 16:28 UTC

Economy

  • Monday, November 27th 2023 - 10:18 UTC

    Milei off to US for talks with IMF, WB, and Biden's administration

    Milei and his sister Karina attended a Jewish religious ceremony in Buenos Aires on Saturday

    Argentina's President-elect Javier Milei left Sunday evening for the United States to meet with officials from the Joseph Biden administration and creditor organizations such as the International Monetary Fund (IMF) and the World Bank (WB), it was reported in Buenos Aires

  • Saturday, November 25th 2023 - 10:46 UTC

    Paraguayan and Bolivian bananas return to Argentina

    Massa ordered the payment of bananas to be prioritized, Fanego explained

    Banana producers in Paraguay and Bolivia have agreed to resume shipments to Argentina after the outgoing administration of President Alberto Fernández authorized the use of foreign currency to pay for those imports.

  • Saturday, November 25th 2023 - 10:40 UTC

    FIH Group expects strong rebound from Falklands construction and tourist season

    FIH reported that the cost of sales increased 15% to £ 16.1 million, while operating expenses rose 23% to £ 9.7 million.

    Falkland Holdings Group PLC on Friday said pretax profit fell steeply in its latest half year, but that revenue increased 17%, and expects a strong rebound of the Falkland Islands construction and the start of the South Atlantic tourist season, Alliance News reported.

  • Friday, November 24th 2023 - 10:55 UTC

    Milei plans to privatize Paraná-Paraguay Waterway

    The waterway used to be in private hands between 1995 and 2021

    Argentina's future government of President-elect Javier Milei intends to privatize the Paraná Paraguay Waterway and bidding documents have already been drafted, but collecting tolls would remain in place, it was reported Thursday in Buenos Aires. Future Infrastructure Minister Guillermo Ferraro is said to have been working on the issue for weeks.

  • Friday, November 24th 2023 - 09:59 UTC

    Central Bank of Paraguay lowers interest rates

    According to the BCP, inflationary pressures remain moderate

    The Central Bank of Paraguay (BCP) lowered its benchmark interest rate from 8.50 to 7.25%, for a cumulative reduction of 1.25 basis points so far this year, in response to an encouraging macroeconomic scenario and positive international economic indicators. The decision was made after a meeting of the Monetary Policy Committee (MPC) late Wednesday, it was reported in Asunción.

  • Thursday, November 23rd 2023 - 14:34 UTC

    Tories preparing for elections, “cut taxes to help businesses and boost economic growth”

    Jeremy Hunt said he had decided to tax some cuts because inflation had eased and forecasts showed reduced borrowing.

    Election blues in Britain, the general election must be held before the end of January 2025, but the prime minister can call it earlier. And in effect, the ruling Conservatives claimed this week they had delivered the biggest tax cuts in decades in a move to boost the UK's stagnant economy and lift incomes.

  • Wednesday, November 22nd 2023 - 10:10 UTC

    Argentina:“Blue” dollar bounces back nearing historic highs

    For the liquidation of exports, an average quotation of AR$ 620 was used

    The “blue” (a euphemism for “black market”) dollar rose AR$ 125 Tuesday on the first working day after Sunday's presidential runoff and once again pierced the psychological AR$ 1,000 barrier upwards, closing at AR$ 1.025 / 1.075 (buy/sell), thus getting closer to its historical AR$ 1,100 high for a gap of 202% with the official quotation.

  • Saturday, November 18th 2023 - 10:37 UTC

    World Bank grants Uruguay green-oriented loan

    “The approval of this loan instrument is another innovative step by the country,” Arbeleche said

    Uruguay has been granted an unprecedented US$ 350 million loan by the World Bank (WB). Although there is nothing new with borrowing, the so-called Programmatic Loan for Development Policies and Reform Implementation will entail a reduction of the interest rate whenever certain environmental goals are met, it was explained in Montevideo.

  • Saturday, November 18th 2023 - 10:30 UTC

    Argentine government and consultants anticipate a great 2023/24 agricultural year

    Economy minister Sergio Massa blames this year's financial adversities to the drought and extremely poor harvest

    Under pressure from the Argentine incumbent presidential candidate for this Sunday's election runoff, and current Economy minister, Sergio Massa, grain markets in the country are forecasting a promising boom for the next agriculture year, with recovered crops and increased revenue to the tune of some US$ 20bn.

  • Saturday, November 18th 2023 - 10:26 UTC

    IMF considering a 50% increase in quotas to reinforce global financial stability

    ”To safeguard global financial stability and respond to members’ potential needs in an uncertain, shock-prone world,” Managing Director Kristalina Georgieva said

    The International Monetary Fund, IMF, Executive Board has approved a proposal to be considered by the Board of Governors to conclude the 16 th General Review of Quotas (16 th Review) with a significant increase in quotas. The proposal follows the guidance from the International Monetary and Financial Committee (IMFC) at the 2023 Annual Meetings.