Argentina is drawing on central bank profits to meet financing needs, putting off plans to sell its first international bond since 2001 as yields tumble. The central bank’s board on July 29 approved a transfer of 3 billion pesos (762 million USD) from the bank’s 23.5 billion pesos in 2009 profits to the government, following a 1.5 billion peso transfer in February, spokesman Fernando Meanos said.
A trade agreement with Egypt and the approval of a much-delayed customs code are two of the highlights of the Mercosur leaders Tuesday meeting in Argentina for one of the two annual summits.
Paraguay expects the Mercosur summit that begins Monday in San Juan, Argentina, to approve 650 million US dollars in loans. The Paraguayan Foreign Affairs ministry also confirmed that President Fernando Lugo and chancellor Hector Lacognata will be attending the meeting.
Egypt will be signing a free trade agreement with Mercosur during the group’s presidential summit scheduled for next August 3 in Argentina, announced Friday the Egyptian trade minister on Friday.
An actor and his agent sealed Friday in Buenos Aires their 34-year relationship and years of struggle to have their rights acknowledged as they became the first same-sex couple to be married under Argentine law.
Uruguayan president Jose Mujica will be meeting with his peer Cristina Kirchner Wednesday in Buenos Aires in what seems an attempt to unbind differences relative to the joint monitoring of the river Uruguay, particularly the Finnish pulp mill UPM/Botnia which is at the heart of the ongoing dispute between the neighbouring countries.
Argentina's trade surplus narrowed by 19% in June from the same month a year ago, falling short of market expectations as brisk economic growth fuelled demand for imports, according to official data released last week.
Argentina won a court decision that keeps so-called vulture funds with demands against the country from gaining possession of bonds held in a Buenos Aires government trust account.
India could become the main buyer of Argentine soybean oil according to Industry Minister Deborah Giorgi. The official made the announcement following a meeting on Monday with Indian in Buenos Aires Rengaraj Viswanathan.
Discussions for the joint monitoring of the River Uruguay with Argentina are “not blocked” and “we have a very strong commitment with the on-going negotiations” said Uruguayan Foreign Affairs minister Luis Almagro following Monday morning’s ministerial cabinet meeting headed by President Jose Mujica.