Argentine president Alberto Fernandez asked the state-managed oil company YPF to roll back a 5% increase on fuels scheduled to become effective, January first, and which would have a major impact on inflation and food prices.
The Argentine government announced that this week it will honor payments of some US$ 850 million, which correspond to two different sovereign bonds, one of them a century maturing bond issued in 2017 during the administration of ex-president Mauricio Macri.
The Argentine government made official the appointment of Daniel Filmus as head of the Malvinas, Antarctica and South Atlantic Secretary, which depends on the ministry of foreign affairs and worship.
Argentine president Alberto Fernandez together with business people, union leaders and representatives from social groupings launched the social pact, called “Argentine commitment for development and solidarity”, with the purpose of achieving long term consensus that goes beyond a presidential mandate (four years), and includes “shared goals which can be crystallized in different chapters”
The Argentine government will continue to honor its debt while it works to reach an agreement with creditors, both the IMF and private bond holders, with the purpose of refinancing commitments and achieve a long term sustainable path for the payments, according to sources from the Economy ministry.
Argentine farmers from the central provinces of Cordoba and Santa Fé are back on the roads to protest the latest raft of export duties on agriculture produce and overall increase in taxes established by the recently sworn in administration of President Alberto Fernandez.
Argentine president Alberto Fernandez revealed to media accredited at Government House, Casa Rosada, that in the coming days an IMF mission is scheduled to arrive in Buenos Aires to address economic issues.
Diego Maradona, Argentina's beloved “10” has been named ambassador for the recovery of urban playgrounds, where Argentine kids in the old fashion can play soccer, and hopefully as happened with Diego and so many other Argentine players become international stars.
In a formal public release, the Chilean Foreign office demanded that Argentine president Alberto Fernandez avoid making comments about the internal affairs of the country, following Fernandez statements during a television interview that the international community was not so critical of Chile as it is of Venezuela.
Argentina appointed a government team to kick off talks with creditors to renegotiate about US$100 billion in sovereign debt as the new center-left administration of President Alberto Fernandez postponed payments on some of its short-term debt.