Argentine president Alberto Fernandez held a very positive phone conversation on Wednesday with Uruguayan president-elect Luis Lacalle Pou during which they analyzed the bilateral relation and the regional integration agenda.
By Jose Antonio Ocampo (*) – By affirming that Argentina's public-sector debt is unsustainable, the International Monetary Fund has taken a critical step toward resolving the country's long-running crisis. Moving forward, one hopes that the Fund will realize its own role in the latest crisis and follow its own advice on when to pursue capital-market liberalization.
Argentina's Ministry of Agriculture suspended on Wednesday the registration of agricultural exports until further notice, it said in a statement, a move that traders said likely foreshadowed a steep increase in grains export tariffs.
Argentine ambassador in Washington Jorge Argüello held a meeting on Monday with Secretary of State Mike Pompeo, with the purpose of strengthening bilateral relations and which was described as “highly productive”.
Argentina's economic activity expanded in December as retail sales and manufacturing advanced, while the country posted a trade surplus in January that almost tripled the surplus the same month a year earlier.
Recession-hit Argentina's economy shrank by 2.1% in 2019, the state statistics institute said on Friday. The institute said the economy contracted by 0.3% in December compared to the same period in 2018.
Argentina is again putting pressure on Uruguay, this time on the incoming government which takes office next March first, insisting no UK military aircraft linked to the Falkland Islands be allowed to land in the country's airports and Falklands should not be treated as state with which Uruguay has extensive trade and business exchanges.
The International Monetary Fund, as the lender of last resort, won’t offer a haircut on its Argentina loan after Vice President Cristina Fernandez de Kirchner called on the institution to take a loss.
The Financial Times dedicated on Monday an editorial to Argentina and its current strategy to avoid again defaulting by pressing on the IMF, and later on sovereign bondholders, for a significant haircut in its national debt approaching 90% of GDP. However, FT points out that “debt talks are unlikely to succeed without a strategy for economic revival”
Brazilian president Jair Bolsonaro said on Monday he wants a good relationship with Argentina and it is up to the foreign ministers of both countries to agree on a meeting with his peer Alberto Fernandez, since the announced summit scheduled for March first in Montevideo, had fallen through.