Economy

• Tuesday, October 7th 2025 - 10:15 UTC

  Fitch improves Paraguay's grading, but still short of investment status

  

  Fitch Ratings upgraded Paraguay's risk outlook on Monday from “Stable” to “Positive,” moving the country closer to achieving an investment-grade rating from the agency, although the overall grading remained at BB+.

• Tuesday, October 7th 2025 - 10:11 UTC

  Argentine Economy Minister seeks help from Bessent and Georgieva

  

  Argentine Economy Minister Luis Toto Caputo held key meetings on Monday in Wasdhington, DC, with US Treasury Secretary Scott Bessent and International Monetary Fund (IMF) Managing Director Kristalina Georgieva in search for a lifeline ahead of the Oct. 26 midterm elections when the ruling La Libertad Avanza (LLA) of President Javier Milei will seek to build political muscle to face the administration's remaining two years. A concrete announcement is expected from Caputo's meetings.

• Saturday, October 4th 2025 - 10:22 UTC

  IMF appoints Daniel Katz as new second-in-command

  

  Following the resignation of Economist Gita Gopinath earlier this year, the Washington-based International Monetary Fund's (IMF) Executive Board announced on Friday that it was hiring Daniel Katz as the new First Deputy Managing Director (FDMD), who is to assume his new duties on Monday.

• Friday, October 3rd 2025 - 10:55 UTC

  Bessent insists US ready to help Argentina

  

  US Treasury Secretary Scott Bessent publicly reiterated his strong support for Argentine President Javier Milei's government, confirming that his agency was prepared “to do whatever it takes” to stabilize the South American country's economy and was working on a currency swap package believed to be around US$20 billion.

• Thursday, October 2nd 2025 - 08:01 UTC

  “Argentina’s finances just got even more surreal”, by The Economist

  

  On September 22nd, 15 minutes before Argentina’s foreign-exchange markets opened, America’s government made an intervention. “Argentina is a systemically important US ally,” Scott Bessent, America’s treasury secretary, wrote on X, a social network. He added that the United States would “do what is needed” and that “all options for stabilization are on the table.”

• Wednesday, October 1st 2025 - 22:08 UTC

  CFK fears peso devaluation after Oct. 26 midterm elections

  

  As the Argentine Government of Javier Milei grapples to keep the local peso from plunging against the US dollar, former President Cristina Fernández de Kirchner posted from her house arrest that everybody knew about the impending devaluation after the Oct. 26 midterm elections. “Oh, Milei! ... It seems to me that they realized that after Sunday the 26th, you would devalue,” CFK wrote.

• Wednesday, October 1st 2025 - 10:55 UTC

  Milei announces new meeting with Trump at White House

  

  Argentine President Javier Milei will meet on Oct. 14 with his US counterpart, Donald J. Trump, at the White House, just a few days ahead of the midterm elections in the South American country, Casa Rosada confirmed Tuesday. “MEETING AT THE WHITE HOUSE. End,” Milei posted on X.

• Wednesday, October 1st 2025 - 08:32 UTC

  Argentina's temporarily dropping export duties shakes CBOT

  

  The government of Argentina temporarily implemented a zero export duty quota on grain shipments (up to a US$7 billion ceiling), which was exhausted by exporters in just three days.

• Tuesday, September 30th 2025 - 09:30 UTC

  Almost half of Brazil's GDP stems from foreign investments

  

  According to a recent report released by Brazil's Central Bank (BCB), 46.6% of South America's largest country's Gross Domestic Product (GDP) last year stemmed from foreign investments.

• Monday, September 29th 2025 - 09:40 UTC

  US Secretary of Commerce comments spark inamicable reactions

  

  US Secretary of Commerce Howard Lutnick insisted that a group of countries needed “to react correctly to the US” and open their markets, in addition to stopping “taking actions that harm America.”