The Argentine authorities and IMF staff have reached an agreement on a 36-month Stand-By Arrangement (SBA) amounting to US$50 billion (equivalent to about SDR 35.379 billion or about 1,110% of Argentina’s quota in the IMF). This staff-level agreement will be subject to approval by the IMF’s Executive Board, which will consider Argentina’s economic plan in the coming days.
The Falkland Islands Director of Natural Resources John Barton confirmed this week that exchange of fisheries data will resume “in short order” following the resumption of fisheries talks with Argentina last month. Mr. Barton confirmed that proposals for joint research cruises are being drawn up and another meeting has been scheduled to take place in London in late 2018.
Queen Maxima of the Netherlands is mourning the loss of her younger sister Inés Zorreguieta, who has passed away at the age of 33. Local Argentine media have reported that Inés died of an apparent suicide. She was found at her home on Wednesday night in Buenos Aires. Inés, who worked for the government, is believed to have suffered from depression and mental health issues.
UK Prime Minister Theresa May confirmed on Tuesday to Argentine cabinet chief Marcos Peña that she will be attending the G20 summit scheduled for next December in Buenos Aires. Mrs. May turned up at an office where her principal private secretary Peter Hill was holding a meeting with Peña at 10 Downing Street.
The football exhibition match between Israel and Argentina slated for Saturday in Jerusalem has been canceled, Israel's embassy in Argentina confirmed early Wednesday, citing unspecified 'threats and provocations' against star player Lionel Messi.
Argentina is looking to expand an existing currency swap arrangement with China, as Buenos Aires looks to stabilize the economy one month after applying for financial aid from the International Monetary Fund. In an interview with the Financial Times, Argentina’s Chief of Cabinet Marcos Peña, said “we have an active swap with China that the previous government left us and we will try to make it bigger.”
Argentina's national team have cancelled an audience with Pope Francis at the Vatican that was scheduled to take place on Wednesday, the Holy See has announced. The Albiceleste are preparing for the World Cup and have been training in Barcelona since May 31.
The Organization of American States, OAS, general assembly which concluded on Tuesday in Washington with strong statements condemning Venezuela and calling for peace and understanding in Nicaragua, also included a statement on the Malvinas Islands submitted by Argentina.
Argentine cabinet chief Marcos Peña honored all combatants fallen during the Falkland Islands conflict and laid a wreath at the crypt in London's St Paul Cathedral, which remembers the 1982 South Atlantic war.
The International Monetary Fund said on Monday that talks with Argentine authorities for financial support are well advanced and the plan is driven by Argentina priorities with a particular focus on protecting the most vulnerable.