Economy

• Monday, April 18th 2022 - 08:37 UTC

  Argentina has too many pensioners, according to an IMF report

  

  A recent report by the International Monetary Fund (IMF) has underlined the fact that Argentina has a larger proportion of citizens earning pensions when compared to other countries in the world.

• Saturday, April 16th 2022 - 10:00 UTC

  Inflation in LatAm highest in 15 years, IMF says

  

  According to the International Monetary Fund (IMF), inflation in Latin America's leading economies has reached its highest levels in 15 years. The finance agency Friday reported that these results were the consequence of the “impact on the pandemic and the war between Russia and Ukraine.”

• Friday, April 15th 2022 - 09:57 UTC

  Video of Argentine provincial minister admitting to irregularities goes viral

  

  The Finance Minister of the Argentine Province of La Pampa admitted on record that most officials would end up in jail if he told the truth about an oil company during his virtual audience with local lawmakers, thus sparking a major scandal.

• Friday, April 15th 2022 - 09:44 UTC

  European central bank will raise interest rates after ending assets' purchasing program

  

  The European Central Bank Governing Council said on Thursday that in the current conditions of high uncertainty it will maintain “gradualism and flexibility” as the guidelines for its monetary policy anticipating that the assets purchase program will be concluded by the third quarter.

• Friday, April 15th 2022 - 09:28 UTC

  “Inflation pandemic” displaces Covid-19 in leading countries

  

  United Kingdom inflation accelerated to 7% in the 12 months through March, the highest annual rate since March 1992, the Office for National Statistics said. A day before the United States US Labor Department said that its consumer price index jumped 8.5% last month.

• Thursday, April 14th 2022 - 09:52 UTC

  Argentina's Central Bank raises reference rate to cope with inflation

  

  Argentina's Central Bank (BCRA) has adjusted the basic interest rate by 250 basis points to 47% per annum in nominal terms in a move to counter the effects of rampant inflation.

• Wednesday, April 13th 2022 - 09:49 UTC

  Brazilian pork exports in a recovery tendency: China remains the main market

  

  The Brazilian Animal Protein Association (ABPA) has reported that pork exports (all products, raw and processed included) reached 91.4 thousand tons in March, which is 16.3% lower than the February 2021 record with 109,2 thousand tons.

• Wednesday, April 13th 2022 - 09:41 UTC

  Abdo enacts law eliminating fuel subsidies to Paraguayan brand fuels

  

  Paraguay's President Mario Abdo Benítez Tuesday signed into law the suppression of subsidies to the price of fuel at pumps which helped the state-run Petróleos Paraguayos SA (Petropar) against all competitors.

• Tuesday, April 12th 2022 - 23:12 UTC

  New pricing system puts Brazil closer to joining OECD, says Guedes

  

  Brazil's Economy Minister Paulo Guedes Tuesday said his country was a step closer to joining the Organization for Economic Cooperation and Development (OECD) after a new transfer pricing system was introduced.

• Tuesday, April 12th 2022 - 10:55 UTC

  Fitch Ratings believes the Lacalle Pou coalition has sufficient political capital to face challenges and much needed reforms

  

  The ruling coalition of Uruguayan president Luis Lacalle Pou expects to use its political capital following victory in the 27 March referendum which rejected overturning a third of his government's program, enacting reforms in the second half of his five year period, according to the latest Fitch Rating report on Uruguay.