Tag: Alfonso Prat-Gay

• Tuesday, December 29th 2015 - 08:23 UTC

  JPMorgan-Chase describes Macri's Argentina as “a ray of sunshine” in the region

  

  A growing number of foreign investors are signaling interest in Argentina following the pro-market turn that newly-inaugurated President Mauricio Macri started showing since taking office. The latest financial player to endorse the country as a promising investment destination was JP Morgan Chase, the largest bank in the United States, where current Finance Minister Alfonso Prat-Gay worked in the past.

• Monday, December 28th 2015 - 08:38 UTC

  Argentine central bank building reserves: much depends on farmers and bankers

  

  This short week and the month of January will test if the Argentine administration of president Mauricio Macri can continue to build up Central Bank reserves following on the decision to end the dollar clamp, let the foreign exchange float, together with the prospect of loans and hoarded grain sales.

• Saturday, December 19th 2015 - 06:18 UTC

  Argentina's foreign exchange market slowly adapting to new rules with no major surprises

  

  The US dollar in Argentina's foreign exchange market plunged on Friday 35 cents to 13.60 Pesos on the second day since President Mauricio Macri's administration decided to put an end to official restrictions for the purchase of greenbacks and other dealings with foreign currency.

• Friday, December 18th 2015 - 09:14 UTC

  Argentine minister 'satisfied' with the market response on first day without the dollar clamp

  

  Argentina's Finance Minister Alfonso Prat Gay said on Thursday that the first day in the market without the dollar restrictions imposed by the previous administration, had been positive and as they had planned or expected. Compared to the previous multi-tier system, the dollar appreciated in the range of 25% against the Peso in the unified market.

• Thursday, December 17th 2015 - 06:50 UTC

  Argentina lifts foreign currency controls and let's Peso float, as of Thursday

  

  Argentina announced on Wednesday it was lifting currency controls and would allow the peso to float when markets open on Thursday, setting the stage for a devaluation, following pledges by new president Mauricio Macri for reforms to spur economic growth.

• Saturday, December 12th 2015 - 07:11 UTC

  Argentina's new administration package of economic measures next week

  

  Argentine finance minister Alfonso Prat-Gay announced on Friday that next week levies on farm (grains and oilseeds) exports will be lowered, the half year bonus of wage earners if below 30.000 Argentine Pesos will be exempt from income tax, and the policy of “looked-after prices” at supermarkets will continue.

• Monday, December 7th 2015 - 08:44 UTC

  Argentina talks to US Treasury Secretary; lifting dollar clamp depends on level of reserves

  

  Argentina's incoming Finance minister Alfonso Prat-Gay spoke with the United States Treasury Secretary Jack Lew to discuss economic plans to achieve sustained economic growth. The minister also announced in a long interview with Buenos Aires main dailies that lifting the dollar 'clamp' as promised by president-elect Mauricio Macri, will much depend on the level of international reserves Argentina can count with.

• Thursday, November 26th 2015 - 07:09 UTC

  Macri names bankers and big business executives to his economic team

  

  Argentina's president-elect Mauricio Macri has named US-educated bankers and big business executives to key posts in a cabinet he vows will revive the economy, officials and media reports said Wednesday. Budget and finance minister Alfonso Prat-Gay, 50, an economist trained at Pennsylvania University and former Wall Street banker, was announced by Macri's designated chief of staff Marcos Peña.

• Monday, April 29th 2013 - 20:17 UTC

  Argentina transfers 400 million dollars to IMF to have greater access to emergency cash

  

  Argentina which the IMF censured for underreporting inflation less than three months ago after three warnings over the past two years, last week authorized the deposit of 400 million dollars with the Washington-based lender to increase the nation’s access to emergency cash.