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MercoPress, en Español

Montevideo, January 20th 2026 - 07:26 UTC

Economy

  • Tuesday, April 15th 2025 - 10:59 UTC

    Milei's Argentina closes ranks with Trump's US

    “Thanks to President Milei's bold agenda, we see signs of a historic turnaround,” Bessent highlighted

    Argentine President Javier Milei met with US Treasury Secretary Scott Bessent at Casa Rosada to discuss strengthening bilateral ties, focusing on a potential trade agreement aligned with US President Donald Trump’s reciprocal tariffs proposal.

  • Monday, April 14th 2025 - 19:11 UTC

    Brasil: FGV reports economic stagnation in February

    The FGV's GDP Monitor is one of the studies that serves as a thermometer of the Brazilian economy

    Brazil's economy has been reported to have stagnated in February, with GDP growth at 0% compared to January, according to the Getulio Vargas Foundation's GDP Monitor. While industry and investment showed growth, declines in consumption, agriculture, and exports offset these gains.

  • Monday, April 14th 2025 - 10:18 UTC

    CFK posts another “Che Milei” diatribe on X

    It is the Argentine people who will pay the price for your decisions, your arrogance, and your surrender, CFK told Milei in her posting on X

    Former Argentine President Cristina Fernández de Kirchner (CFK) Saturday published on X another issue of her “Che Milei” saga criticizing the incumbent head of State for his arrangements with the International Monetary Fund (IMF) and other credit agencies, foreseeing negative consequences for the country.

  • Monday, April 14th 2025 - 09:59 UTC

    Paraguay's economy grows strongly in February

    In addition, Paraguay recorded a foreign trade surplus in Q1 of 2025

    The Estimator of Business Figures (ECN) published by Paraguay's Central Bank (BCP) mentioned a 6% year-to-date sales increase and a 5.2% year-on-year rise compared to February 2024.

  • Monday, April 14th 2025 - 09:55 UTC

    Telefónica del Perú leaves the country amid bankruptcy proceedings

    The sale follows Telefónica's divestments in Argentina and Colombia

    Telefónica has sold its Peruvian subsidiary, Telefónica del Perú, to Argentine company Integra Tec International for approximately US$ 992,000, marking its exit from the Andean country after three decades. The sale, part of Telefónica's strategy to reduce Latin American exposure, follows divestments in Argentina and Colombia.

  • Saturday, April 12th 2025 - 10:50 UTC

    Mercosur FMs agree to expand exceptions to CETs

    The meeting was good, albeit tense in some environments

    Southern Common Market (Mercosur) foreign ministers meeting in Buenos Aires on Friday agreed to temporarily expand the National List of Exceptions to the Common External Tariff by up to 50 codes per member state in response to global trade tensions, following US President Donald Trump's barrage of import surcharges.

  • Saturday, April 12th 2025 - 10:49 UTC

    Lula enacts Reciprocity Law in reaction to Trump's tariffs

    With the new law, Brazil's Camex will have the power to apply proportionate retaliatory measures

    Brazilian President Luiz Inácio Lula da Silva enacted the so-called Reciprocity Law on Friday, whereby the federal government can react whenever countries or economic blocs create measures restricting Brazilian exports, be it in the form of surcharges or objections to the origin of the product. The measure is to be published in Monday's issue of the Diário Oficial da União (Federal Official Gazette).

  • Saturday, April 12th 2025 - 10:44 UTC

    WB and IDB pledge further funding for Milei's Argentina

    The IDB and WB announcements came after the IMF's Board approved a US$ 20 billion loan

    The World Bank (WB) announced Friday a US$ 12 billion financing package for Argentina over three years to support economic stabilization and reforms. Pending board approval, the initiative consists of several contributions as follows:

  • Friday, April 11th 2025 - 22:54 UTC

    Argentina announces end of currency controls and introduces exchange rate band

    Economy Minister Luis Caputo said in a press conference at the Casa Rosada that the official exchange rate will now float between 1,000 and 1,400 pesos per US dollar

    The Argentine government announced today a sweeping overhaul of its foreign exchange regime, set to take effect on Monday, including the end of currency controls and the introduction of a managed float within a fixed exchange rate band. The move marks the beginning of what authorities are calling “Phase 3” of their economic program.

  • Friday, April 11th 2025 - 19:19 UTC

    Argentina: Inflation in March hits 3.7%

    The Indec's figures were worse than Milei's Government had expected

    Argentina's Consumer Price Index (CPI) for the month of March reached 3.7%, the National Institute of Statistics and Census (Indec) reported Friday. These figures marked a sharp increase from February's 2.4% and January's 2.2%. The rise was driven primarily by higher food prices, particularly meat and vegetables, with public services also playing a role. Internannual inflation stood at 66.9% and 4.7% so far in 2025.