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MercoPress, en Español

Montevideo, January 27th 2026 - 04:07 UTC

Economy

  • Friday, July 25th 2025 - 09:49 UTC

    Argentina and IMF reach technical agreement

    “It should be noted that Argentina managed to return to international capital markets ahead of schedule,” the IMF said

    The Argentine Government of President Javier Milei and the International Monetary Fund (IMF) announced Thursday that they have reached a technical agreement on the first review of the country's Extended Fund Facility (EFF) program. Once approved by the IMF Executive Board, this deal will enable a disbursement of approximately US$2 billion to the South American country.

  • Thursday, July 24th 2025 - 08:36 UTC

    Lula and Sheinbaum discuss joint developments

    Lula suggested expanding the existing trade agreement between the two countries

    Presidents Luiz Inácio Lula da Silva of Brazil and Claudia Sheinbaum of Mexico held a telephone conversation on Wednesday to discuss strengthening bilateral relations and economic cooperation.

  • Wednesday, July 23rd 2025 - 09:35 UTC

    Gopinath leaves IMF to return to Harvard

    Caputo extrañará especialmente a Gopinath en Buenos Aires

    International Monetary Fund Deputy Managing Director Gita Gopinath announced this week that she will be resigning from her position at the end of August to return to teaching at Harvard University. “I have decided to return to my academic roots,” she explained.

  • Friday, July 18th 2025 - 10:43 UTC

    Moody's upgrades Argentina's rating with positive shifting

    “The government's macroeconomic adjustment program has not yet generated an endogenous accumulation of reserves,” Moody's warned

    Moody's has raised Argentina's foreign and local currency credit rating from Caa3 to Caa1, also shifting the outlook from “stable” to “positive.” This upgrade reflects Moody's view that Argentina's broad liberalization of exchange and capital controls, coupled with a new program with the International Monetary Fund (IMF), will improve the availability of foreign currency and ease pressure on external finances.

  • Friday, July 18th 2025 - 10:40 UTC

    Paraguay, UK sign “Friendship Charter”

    The “United Kingdom-Paraguay Friendship Charter” marks a new chapter in bilateral relations

    Paraguayan Foreign Minister Rubén Ramírez Lezcano and British Secretary of State for Foreign Affairs David Lammy signed Thursday in London the so-called “United Kingdom-Paraguay Friendship Charter,” committing both nations to enhanced cooperation across five key areas:

  • Friday, July 18th 2025 - 10:19 UTC

    Embraer likens Trump's tariffs to Covid-19 slowdown

    Embraer has the potential to purchase US$21 billion in US equipment for the aircraft over the next five years, Gomes explained

    Brazillian aircraft manufacturer Embraer, the third-largest in the world behind Boeing and Airbus, estimated that the tariffs announced by the United States against Brazil could have an impact similar to that of the Covid-19 pandemic, when the company saw a 30% drop in revenue and had to reduce its workforce by around 20%.

  • Friday, July 18th 2025 - 10:07 UTC

    Venezuela records GDP growth above 6% in 2Q of 2025

    ”Venezuela's gross domestic product (GDP) has grown by more than 6% in the second quarter,” Maduro announced

    Venezuelan President Nicolás Maduro announced that his country's Gross Domestic Product (GDP) grew by over 6% in the second quarter of 2025, marking the 17th consecutive quarter of economic expansion, following a 9% increase in the first quarter of 2025. Maduro also highlighted previous growth figures of 9% in 2024, 5.5% in 2023, and a significant 15% in 2022.

  • Thursday, July 17th 2025 - 10:40 UTC

    Falklands, Government finally presents delayed 25/26 Budget approved by outgoing Legislative Assembly

    MLA Roger Spink, said: “This budget has been the subject of thorough and, at times, robust debate among Members.”

    The Falkland Islands Government’s (FIG) Budget for 2025/26 has today, 16th July, been approved by the Legislative Assembly, setting a considered and strategic direction to safeguard the long-term financial health of the Islands.

  • Thursday, July 17th 2025 - 09:54 UTC

    Venezuela and Colombia discuss joint border trade zone

    A formal agreement is yet to be signed although both governments seem to be keen on the idea

    Venezuelan Foreign Minister Yván Gil met with his Colombian counterpart, Rosa Yolanda Villavicencio, in Bogotá to reinforce bilateral relations between the two South American countries. A key topic was promoting a Binational Economic Zone to boost cross-border trade and the economies of both nations.

  • Wednesday, July 16th 2025 - 09:49 UTC

    Brazil eager to avert higher US tariffs

    Alckmin chaired separate mmeetings with representativers from the agricultural and industrial sectors

    Brazil is actively working to avert the implementation of 50% tariffs on its products by the United States, set to take effect on August 1 as announced by President Donald Trump. Vice President Geraldo Alckmin, along with other ministers, met with leaders from the industrial and agricultural sectors to discuss the severe potential impacts.