Pope Francis staged a surprise visit to admonish the International Monetary Fund chief and several finance ministers to help alleviate the debt burden of struggling countries, calling for “a new financial architecture” to ensure social justice.
Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement after meeting with Argentina’s Economy Minister Martin Guzmán in Rome:
Argentina's industrial output rose 1.2% in December versus the same month a year earlier, the government statistics agency said on Wednesday, returning to positive territory for the first time in 20 months as the country grapples with the recession.
Argentine president Alberto Fernandez and his delegation are in Paris preparing for a full agenda on Wednesday which includes a working breakfast with French business leaders, a private meeting with his peer Emmanuel Macron and lunch at the Elysee Palace, and finally a conference at the prestigious French Political Science School.
Argentina's Buenos Aires province narrowly averted falling into default on Tuesday, saying it would make a US$ 277 million payment on a 2021 bond after creditors would not grant a last-minute approval to delay it.
Following what the Argentine delegation consider successful visits to the Vatican, Italy and Germany, with ample support for Argentina's strategy to address its foreign debt commitments, president Alberto Fernandez on Tuesday will be in Madrid to meet with president Pedro Sanchez and King Philip VI.
Argentine president Alberto Fernandez left Germany more than satisfied after Monday's evening meeting with chancellor Angela Merkel and in the morning with leaders of industry and finance, who pledged investments in Argentina.
On Wednesday the latest incorporation to the Argentine navy will be docking in Buenos Aires, the OPV ARA Bouchard. The Ocean Patrol Vessel is the first of four to be delivered by the Naval Group shipyard, purchased from France by Argentina, and which left Toulon two weeks ago.
Argentine president Alberto Fernandez and his delegation are in Germany where they arrived Sunday morning and on Monday evening will be received by Chancellor Angela Merkel.
Last week the Argentine lower house of Congress, voted 214–2 to allow the “entry of foreign troops” and the participation of Argentine troops in exercises abroad. Several of the military exercises listed in the bill are being organized and financed by the Pentagon.