Economy

• Sunday, April 2nd 2023 - 10:09 UTC

  UK strikes deal to join major free trade bloc in Asia-Pacific, including Chile, Peru and Mexico

  

  The UK announced on 31 March the conclusion of trade talks with member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a vast free trade area spanning the Asia-Pacific, after 21 months of negotiations. The bloc is home to over 500 million people and will have a total GDP of £11 trillion once the UK joins.

• Saturday, April 1st 2023 - 10:39 UTC

  IMF okays US$ 5.4 bn disbursement for Argentina

  

  The International Monetary Fund (IMF)'s Executive Board Friday approved the fourth review of last year's Extended Facilities Program with Argentina, after which a US$ 5.4 billion disbursement for the South American country was cleared to proceed, it was reported in Washington DC.

• Friday, March 31st 2023 - 16:04 UTC

  Two-thirds of high-net-worth individuals investing in Uruguay are Argentinean: see details

  

  The sector of investment advisors and portfolio managers in Uruguay grew in the number of clients and employees last year. This sector currently manages the money of 36,170 clients, 63% of whom are Argentine, with a total of US$ 28.93 billion invested in different instruments.

• Friday, March 31st 2023 - 15:36 UTC

  54% of Uruguayans reject social security reform

  

  The Uruguayan government has passed a social security reform bill in the Senate. However, objections from the Cabildo Abierto party, a partner of the ruling coalition, have generated uncertainty about its implementation.

• Friday, March 31st 2023 - 09:31 UTC

  Argentina's poverty indexes on the rise

  

  Argentina's National Institute of Statistics and Census (Indec) Thursday released a study showing that 39.2% of the South American country's economically active population was living in poverty in the second half of 2022, an increase from the 37.3% recorded during the same period of 2021

• Friday, March 31st 2023 - 09:00 UTC

  Von der Leyen says Mercosur deal a priority but Argentina warns “not so fast”

  

  European Commission President Ursula von der Leyen said the agreement with Mercosur was a priority, but Argentina's government has second thoughts about the advantages it would actually entail, it was reported Thursday.

• Friday, March 31st 2023 - 08:36 UTC

  Argentina to launch “agro dollar” exchange rate

  

  Argentine Economy Minister Sergio Massa Thursday announced the creation of the so-called “agro dollar,” a new exchange rate for agrifood exports, which seeks to help replenish the country's impoverished coffers while simplifying foreign currency operations for all rural producers.

• Thursday, March 30th 2023 - 16:24 UTC

  France denies blocking EU-Mercosur agreement but reiterates demands

  

  France denies blocking the EU-Mercosur agreement, which it vetoed since it was signed in 2019. However, it reiterates its demands to correct it and says it is waiting for the outcome of the negotiations being conducted by the European Commission with its South American partners.

• Thursday, March 30th 2023 - 15:17 UTC

  What can you do to prepare for a personal Financial Crisis?

  

  Let's face it. No one likes the thought of a job loss, an automobile accident, an illness, or any other major event that could negatively impact their finances.

• Thursday, March 30th 2023 - 10:45 UTC

  Massa and Gopinath discuss IMF flexibilization and disbursement

  

  Argentina's Economy Minister Sergio Massa Wednesday met with International Monetary Fund (IMF) Deputy Managing Director Gita Gopinath to discuss the flexibilization of the reserve's goals in addition to a US$ 5.3 billion disbursement to be announced early next week, it was reported in Washington.