Economy

• Saturday, February 6th 2021 - 08:47 UTC

  IMF chief Georgieva tells Argentina, “it takes two to tango”

  

  The chief of the International Monetary Fund (IMF), Kristalina Georgieva said on Friday that the fund is working towards reaching an agreement on a new loan deal with Argentina and the next round of meetings will focus on the details. However, “'it takes two to tango' so both sides need to do our part and find the pathway to an agreement, and we are not yet at that point.”

• Saturday, February 6th 2021 - 08:38 UTC

  Latin America's second economy grew 12% in third quarter but still 8,6%, below year to year

  

  Mexico’s economy contracted 8.5% in 2020, the largest single-year drop since 1932 and the second consecutive year of economic contraction, worsened due to the Covid-19’s pandemic. Latin America's second economy, the gross domestic product grew 3.1% in the final three months of the year, according to preliminary data released on Friday by the National Statistics and Geography Institute.

• Saturday, February 6th 2021 - 07:15 UTC

  Falklands' GDP in 2018 reached £254.7 million with a real growth rate of 3,9%

  

  The Gross Domestic Product (GDP) of the Falkland Islands increased by 15.7% between 2017 and 2018 (in nominal terms), primarily driven by high results within the fishing sector that year, according to the recently released Falkland Islands National Accounts.

• Friday, February 5th 2021 - 18:33 UTC

  FAO's food prices index at its highest level since July 2014

  

  Global food prices rose in January for the eighth consecutive month, led by cereals, vegetable oils and sugar, according to the Food and Agriculture Organization of the United Nations (FAO).

• Friday, February 5th 2021 - 18:26 UTC

  Brazil anticipates bumper soybean and corn crops despite late drought

  

  Brazil expects to harvest bumper soybean and corn crops in spite of planting and harvesting delays in 2020. A drought late last year delayed sowing of Brazil’s soybeans, and excess rainfall disrupted harvesting in January. This delayed delivery of grain to trading companies and affected Brazil’s ability to export.

• Friday, February 5th 2021 - 12:57 UTC

  Argentine farmers on alert: government does not rule out more taxes on food exports

  

  Despite a recent accord with the government regarding corn exports, Argentine farmers are again on alert following statements from officials who did not rule out the possibility of increasing taxes on food exports as part of its effort to control high inflation.

• Friday, February 5th 2021 - 12:39 UTC

  Argentine oil and gas activity picking up in Vaca Muerta shale deposits

  

  Fracking activity in Vaca Muerta, Argentina shot up in January to its highest level in 17 months, according to the Argentine unit of Houston-based services company NCS Multistage.

• Friday, February 5th 2021 - 09:55 UTC

  Fernandez and Bolsonaro expected to share a family photo on the 30th anniversary of Mercosur

  

  Argentine ambassador in Brazil, Daniel Scioli, has confirmed what was advanced by Uruguayan president Luis Lacalle Pou during this week's meeting with his Brazilian counterpart Jair Bolsonaro, a meeting of Mercosur heads of state, sometime at the end of March. The summit will coincide with the thirtieth anniversary of the trade block, which also includes Argentina and Paraguay.

• Friday, February 5th 2021 - 08:21 UTC

  Bank of England tells banks to prepare for negative interest rates

  

  The Bank of England (BOE) told banks to start getting ready for negative interest rates but added that the message shouldn’t be taken as a signal that the policy is imminent. The BOE made the announcement as it held its key rate at a record low of 0.1%.

• Thursday, February 4th 2021 - 09:58 UTC

  Lacalle Pou agreed with Bolsonaro in Brasilia to make Mercosur more flexible

  

  The President of Uruguay, Luis Lacalle Pou, traveled overseas for the first time to meet with Brazilian President Jair Bolsonaro, in a meeting in which they discussed the idea of “making Mercosur more flexible” and the possibility of a face-to-face summit with the leaders of Argentina and Paraguay at the end of March.