Economy

• Friday, January 12th 2024 - 11:11 UTC

  Argentina: Patagonian League relaunched to protect local interests from national gov't

  

  Despite stemming from different political forces, the governors of Argentina's Patagonian provinces Thursday issued a joint statement condemning President Javier Milei's bold approach to the country's economic crisis, particularly his most-encompassing emergency decree (DNU) and the so-called Omnibus Law bill currently in Congress.

• Friday, January 12th 2024 - 10:34 UTC

  CPI goes up 25.5% in December in Argentina

  

  Argentina's National Institute of Statistics and Census (Indec) Thursday said the Consumer Price Index (CPI) for December 2023 went up by 25.5% for an interannual total of 211.4%, it was reported in Buenos Aires.

• Thursday, January 11th 2024 - 11:20 UTC

  Argentina gets fresh cash from IMF for impending maturities

  

  The Argentine Government of President Javier Milei Wednesday reached an understanding with the International Monetary Fund (IMF) whereby the global credit agency will make a disbursement of nearly US$ 4.7 billion, Economy Minister Luis Toto Caputo confirmed during a press conference in Buenos Aires.

• Wednesday, January 10th 2024 - 11:21 UTC

  China and new Argentine government find areas to soothe relations

  

  Argentine foreign minister Diana Mondino is proving to be an efficient peace maker. Despite president Javier Milei aggressive rhetoric towards the Beijing regime during and after the electoral campaign, Ms. Mondino seems to have managed a working understanding with the Chinese government.

• Tuesday, January 9th 2024 - 10:59 UTC

  Argentine FM to meet with Chinese ambassador amiid growing tension

  

  Argentine Foreign Minister Diana Mondino is to meet on Thursday or Friday with Chinese Ambassador Wang Wei to discuss a US$ 6.5 billion currency swap brokered by former Economy Minister Sergio Massa last year, among other topics.

• Monday, January 8th 2024 - 12:59 UTC

  Back from Antarctica, Milei calls opponents “useful idiots” and defends 30% inflation

  

  Argentine President Javier Milei returned this weekend to the mainland after touring the Marambio and Esperanza Bases in Antarctica, it was reported in Buenos Aires.

• Monday, January 8th 2024 - 12:50 UTC

  Milei praises Minister Caputo and says 30% monthly inflation would be ”a great achievement”

  

  Argentine President Javier Milei praised Economy Minister Luis Toto Caputo for his management of the country's inflation for December 2023 and said that if it reached 30% it would be “a great number” because previous estimates spoke of 45%.

• Monday, January 8th 2024 - 12:29 UTC

  Uruguayan authorities project 4.9% inflation for 2024

  

  Uruguayan authorities forecast a 4.9% inflation for 2024 while the target range will remain between 3 and 6%, the Macroeconomic Coordination Committee reported in Montevideo.

• Monday, January 8th 2024 - 11:29 UTC

  US Congress reaches deal to avert gov't shutdown

  

  Lawmakers from both major parties have reached a deal to avoid a US government shutdown in 2024, Democratic leader Chuck Schumer and Republican House Speaker Mike Johnson announced Sunday in Washington DC.

• Saturday, January 6th 2024 - 10:50 UTC

  US farmers and beef lobbies want to stop the import of fresh meat from Paraguay

  

  A wide ranging alliance of US government officials, cattle farmers and beef organizations gathered to strongly oppose the purchase and import of fresh beef from Paraguay, but a final ruling from the US Department of Agriculture's Animal and Plant Health Inspection Service decided in favor of the Mercosur country member. The decision became effective last December 14 and opens the doors to the Paraguayan produce.