Economy

• Tuesday, October 12th 2021 - 20:50 UTC

  Low-Income Country debt rises to record US$860 billion in 2020

  

  Governments around the world responded to the COVID-19 pandemic with massive fiscal, monetary, and financial stimulus packages. While these measures were aimed at addressing the health emergency, cushioning the impact of the pandemic on the poor and vulnerable and putting countries on a path to recovery, the resulting debt burden of the world’s low-income countries rose 12% to a record US$860 billion in 2020, according to a new World Bank report.

• Tuesday, October 12th 2021 - 09:32 UTC

  Uruguay: IMF recommends addressing skill-mismatch between the labour force and new jobs

  

  Last week we published an IMF preliminary statement on the situation of the Uruguayan economy in which it praised the government's handling of the pandemic underlining Uruguay's solid institutions, well-functioning democracy and a high degree of social cohesion.

• Tuesday, October 12th 2021 - 09:20 UTC

  IMF Board reaffirms full confidence in Managing Director Georgieva Kristalina

  

  The IMF Executive Board on Monday concluded its review of the matter raised by WilmerHale’s investigation of the World Bank’s Doing Business 2018 report.

• Tuesday, October 12th 2021 - 09:19 UTC

  Argentine government slaps more controls on corn exports

  

  Argentina's Agriculture Minister has decided to up the number of requirements and restrictions on corn exports after the sector reached the exportable balance of 38.5 million tons, it was reported.

• Tuesday, October 12th 2021 - 08:40 UTC

  Bolsonaro claims he's not a denialist of COVID-19

  

  Brazil's President Jair Bolsonaro Monday objected to being labelled a “denier” as a consequence of his approach at the COVID-19 pandemic, which has officially killed over 600,000 people in South America's largest country.

• Monday, October 11th 2021 - 19:39 UTC

  Argentine keeps negotiating with IMF despite rejection to cutting down surcharges

  

  The International Monetary Fund (IMF) has turned down a request from the Argentine Government to discuss a reduction in surcharges, it was announced Monday.

• Monday, October 11th 2021 - 19:16 UTC

  Nobel Economic 2021 Prize goes to US-based trio

  

  David Card, Joshua D Angrist, and Guido W. Imbens have been awarded the Nobel Prize in Economics Monday for their research “drawing conclusions from unexpected experiments” applied to labor market analysis.

• Monday, October 11th 2021 - 09:52 UTC

  Argentine FM hold a successful meeting with Brazil's Economy Minister as part of his mission rebuilding Mercosur ties

  

  Argentine Foreign Minister Santiago Cafiero, Ambassador Daniel Scioli and Productive Development Minister Matías Kulfas Saturday met in Brasilia with Brazilian Economy Minister Paulo Guedes to deepen the new economic ties between the two countries

• Monday, October 11th 2021 - 09:29 UTC

  Fragments of Argentine aircraft downed in Falklands donated to museum

  

  British soldier David Richardson, who found the fragments of a downed Argentine Air Force Dagger downed by a British Harrier during the 1982 Falklands War, has donated the items to be exhibited at a museum in the province of Córdoba, Argentine ambassador to the United Kingdom, Javier Figueroa announced.

• Monday, October 11th 2021 - 09:22 UTC

  Argentina replaces domestic trade secretary in a move to curb inflation

  

  Argentine President Alberto Fernández Saturday reassigned Domestic Trade Secretary Paula Español to other duties within the Interior Ministry and chose former National Deputy Roberto Feletti to replace her, it was announced.