Economy

• Wednesday, February 2nd 2022 - 09:55 UTC

  Argentina's deal with IMF will get through Congress, House Speaker says

  

  Argentina's Lower House Speaker Sergio Massa Tuesday said the ruling Frente de Todos (Everybody's Front - FdT) remained united and guaranteed the recent agreement with the International Monetary Fund (IMF) will get through Congress.

• Wednesday, February 2nd 2022 - 09:36 UTC

  Uruguayan exports in January grow 31% annually

  

  Uruguay's exports grew 31% in January of 2022 when compared to the same month last year, it was announced Tuesday in Montevideo. Beef topped the list of products sold abroad, reaching US$ 207 million.

• Wednesday, February 2nd 2022 - 09:19 UTC

  Brazil: Guedes favors tax cuts to keep fuel affordable

  

  Brazil's Economy Minister Paulo Guedes Tuesday said it was “easier to eradicate poverty than to make gasoline cheaper.” He also raised the possibility of cutting diesel taxes but was against creating a buffer fund.

• Tuesday, February 1st 2022 - 09:54 UTC

  Latin America’s strong recovery is losing momentum, underscoring reform needs

  

  By Ilan Goldfain, Anna Ivanova and Jorge Roldos (*) – Governments will need to combine fighting inflation with structural policies that reignite growth.

• Tuesday, February 1st 2022 - 09:45 UTC

  Extreme Poverty in Latin America rises to 86 Million because of pandemic, ECLAC report

  

  In its annual report Social Panorama of Latin America, ECLAC estimates that the number of people living in extreme poverty rose by around 5 million between 2020 and 2021. The United Nations organization calls for moving towards universal, comprehensive, sustainable, and resilient social protection systems.

• Tuesday, February 1st 2022 - 09:11 UTC

  Argentina: Máximo Kirchner resigns as Lower House majority leader

  

  The recent deal between the Argentine Government of President Alberto Fernández and the International Monetary Fund (IMF) is taking its toll on the country's political leadership front after Lower House Majority Leader Máximo Kirchner announced Monday he would resign that position.

• Monday, January 31st 2022 - 21:55 UTC

  Unemployment in Chile almost back at 2019 levels

  

  Chilean authorities have reported Monday that unemployment nationwide had fallen in 2021 to 7.2% while in the same period of 2020 it had hit 10.3%. In the middle of the social uprisings of 2019 it had been recorded at 7.1%.

• Friday, January 28th 2022 - 20:04 UTC

  Argentina reaches agreement with IMF, dodges default

  

  The Government of Argentina and The International Monetary Fund (IMF) Friday reached an agreement for the repayment of the South American country's debt stemming from a loan granted under the administration of Former President Mauricio Macri.

• Friday, January 28th 2022 - 11:50 UTC

  Chile raises reference rate to 5,5% to combat inflation: More could come

  

  The Chilean central bank hiked its reference rate from 4% to 5,5% to contain inflation which last year reached 7,2%, the highest in fourteen years. The Monetary Policy council of the bank on Wednesday agreed unanimously to increase the reference rate by 150 base points, according to the official release.

• Thursday, January 27th 2022 - 19:53 UTC

  WaPo tells Americans not to fret over local inflation: Argentina is worse off

  

  An article published by The Washington Post highlights Argentina's inflationary tradition and suggests US citizens should take a look at the South American country's “way of economic life” after prices locally rose around 7% in one year.