Economy

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.
Monday, February 7th 2022 - 09:13 UTC
New gas well found in Bolivia, expected to generate millions of dollars

Bolivian President Luis Arce Catacora has confirmed over the weekend the discovery of large gas reserves which -he hoped- would yield substantial profits to the country.
Sunday, February 6th 2022 - 19:32 UTC
Cuban official says ok to withhold surplus earnings of foreign company workers

Cuba's Foreign Trade Minister Rodrigo Malmierca has said in an interview with local current news magazine Bohemia last week that he saw a contradiction in workers of global companies earning more than those who did the same job for the local State.
Saturday, February 5th 2022 - 15:41 UTC
Moody's warns Argentina's unwritten IMF deal does not avert default

Credit rating consultants Moody's Friday issued a report according to which Argentina's ”long history of failure when implementing International Monetary Fund (IMF) programs” meant the risk of default had not been averted.
Saturday, February 5th 2022 - 11:44 UTC
Paraguayan Central Bank reports inflation in Jan. 2022 reached 1.5%

Paraguay's Consumer Price Index (CPI) grew 1.5% in the month of January of 2022, for a yoy inflation of 7.9%, which surpassed the 6.8% recorded in the last month of 2021. It was also significantly above the same period of the previous year.
Saturday, February 5th 2022 - 10:22 UTC
Argentina expects more support from the EU on the “Malvinas issue” after Brexit

Since the Falkland Islands ceased to be a European Union (EU) Community overseas territory after the Brexit, Argentina seeks more support from the bloc in the negotiation claim with the United Kingdom on the South Atlantic British territory. It was explained by the Argentine Secretary of Malvinas, Antarctica, and South Atlantic, Guillermo Carmona in an interview with EFE.
Friday, February 4th 2022 - 09:37 UTC
Bank of England increases rate to 0,5% and begins reduction of bond purchases

The Bank of England’s Monetary Policy Committee (MPC) this week voted by a majority of 5-4 to increase Bank Rate by 0.25 percentage points, to 0.5%. Those members in the minority preferred to increase Bank Rate by 0.5 percentage points, to 0.75%.