The International Monetary Fund is continuing talks with Argentina as authorities there try to stem spiraling economic problems in Latin America’s third-largest economy, IMF spokesman Gerry Rice told reporters on Thursday.
Thousands of protesters camped on Wednesday in downtown Buenos Aires to demand that Argentina declare a food emergency as the economic crisis deepened just weeks ahead of the presidential election.
Despite a history of many IMF rescue programs, Argentina once again faces a deepening financial crisis, raising questions about whether the Washington-based lender made a mistake in its dealings with Latin America's third largest economy.
Argentina's presidential front-runner Alberto Fernandez is on a tightrope between the interventionist policies of his better-known running mate Cristina Fernandez de Kirchner and the stumbling free-market reforms of incumbent Mauricio Macri.
China will allow the import of soymeal livestock feed from Argentina for the first time under a deal announced by Buenos Aires on Tuesday, an agreement that will link the world's top exporter of the feed with the top global consumer.
It was 26 September 1941 when an Argentine navy captain presented to the Naval War School a plan to invade, capture and retain the Falkland Islands. Circumstances were different to those nowadays or in 1982, world war and events made Argentina fear the transfer of the Islands to some other country, be it of South or North America and thus she must prepare secretly before they change owner, creating a favorable situation for its interests.
Argentine gross public debt climbed 3% at the end of the second quarter of the year and has reached US$ 337.367 million compared to US$ 327.166 million in the same period last year, according to the Financial Secretariat.
Argentine presidential candidate and ex Economy minister Roberto Lavagna said that the country needs “a national unity government” to overcome the current situation and it's no option having to choose between “bad and worse”.
Another volatile week with still many uncertainties begins this Monday for Argentina even when some of the latest measures adopted by the administration of President Mauricio Macri helped to calm markets, debilitating apocalyptic forecasts.
Some 25,000 Argentine soccer fans on Sunday cheered the country's legendary World Cup winner Diego Maradona as he kicked off his new role as coach of the local club Gimnasia y Esgrima to revive the struggling team.