Economy

Saturday, February 12th 2022 - 09:24 UTC
Fuel goes up in Paraguay, but tanking up in Argentina not an option

The state-run oil company Petróleos Paraguayos (Petropar) has announced an increase in the price of fuel at pumps effective Saturday, Feb. 12, despite previous announcements that there would be no changes until the end of the month.
Saturday, February 12th 2022 - 09:15 UTC
Uruguay's industry keeps growing with pesos stronger against US dollars

Uruguay's industrial production showed a 12.3% growth during the year 2021 when compared to 2020 levels, according to a report released Friday by the National Institute of Statistics (INE).
Friday, February 11th 2022 - 09:31 UTC
Argentine opposition to support Congressional approval of IMF deal

Argentina's main opposition political coalition Together for Change (Juntos por el Cambio - JxC) Thursday announced it will support the agreement with the International Monetary Fund (IMF) so as to never “push Argentina to default.”
Thursday, February 10th 2022 - 21:27 UTC
St Valentine's Day rise in bread to hit beleaguered Argentine families

The price of bread in Argentina is to rise between 20% and 25% as of next Monday, Feb. 14 in a very special St Valentine's Day gift both to consumers and to a Government that is struggling to curb inflation and keep the exchange rate of the local peso against the US dollar from skyrocketing.
Thursday, February 10th 2022 - 09:22 UTC
Excellent prospects for Mercosur beef exports, except Argentina

The Argentine beef industry is optimistic about world meat production and global demand this year, with China again playing a leading market role. A report issued by Argentina's Rosario Stock Exchange (BCR) and the Mercado Ganadero Department (Rosgan), world beef production will reach 58 million tons, representing a 1% increase over 2021.
Thursday, February 10th 2022 - 09:10 UTC
Starving Venezuelan pensioners take it to the streets of Caracas

Venezuelan senior citizens Wednesday marched through Caracas' Plaza de La Moneda, not far from the presidential Miraflores Palace, to launch an “SOS” message and call for help as they can barely survive on their pay.
Thursday, February 10th 2022 - 09:00 UTC
The Future of Money: Gearing up for Central Bank Digital Currency

By Kristalina Georgieva, IMF Managing Director – Let me start by thanking the Atlantic Council for providing a fitting venue to discuss central banks’ forays into Digital Currencies.
Wednesday, February 9th 2022 - 22:08 UTC
No harm in Uruguay's banking system dollarized, Moody's report says

Although 76% of deposits in Uruguayan banks are in US dollars, credit rating consultants Moody's have said there was nothing to fear.
Wednesday, February 9th 2022 - 22:03 UTC
Argentina's industrial activity on a recovery path

Argentina's National Institute of Statistics and Censuses (Indec) Wednesday reported local industrial output had recorded a 15.8% growth in the year 2021, boosted by automotive and transport which showed a 50.9% increase.
Tuesday, February 8th 2022 - 09:37 UTC
2021 was a good year for foreign direct investment in Chile, the highest since 2015

Foreign Direct Investment, FDI, in Chile during the twelve months of 2021 reached US$ 16,782 billion, the best amount since 2015, according to the Central bank which added it represented a 95% increase over 2020. Overall it was 62% higher than the average of the last five years, and 16% above the 2003/2021 average.