In the midst of the critical situation that emerged following the results of Sunday 12 September primary election, and the cabinet reshuffle a week later, the government of Argentine president Alberto Fernandez nevertheless confirmed that this week it will honor a US$ 1,9bn repayment plus interests to the IMF.
Argentina's Gross Domestic Product (GDP) has fallen 0.7% so far in 2021, which in addition to declines in 2018, 2019 and 2020, has led the country's economy to historic lows.
Argentina's Economy Minister Martín Guzmán Friday requested that a global tax to be applied to multinational companies was higher than the 15% put forward by the Organization for Economic Cooperation and Development (OECD).
Friday dawned in Wall Street with the news that MSCI had decided to demote Argentina's economy two notches, from Emerging to Stand Alone and what Buenos Aires analysts feared by Thursday evening has become true.
MSCI, formerly Morgan Stanley Capital International, a US company that measures stock performances worldwide to advise potential investors on their decisions, has removed Argentina from their various listings and added it to the dishonourable category of “stand-alone” economies.
Argentina's Economy Minister Martín Guzmán Tuesday announced that the Paris Club had agreed to give his country until March 31, 2022, to pay the US $ 430 million in instalments while the rest of the debt is renegotiated.
The Organization for Economic Cooperation and Development (OECD) forecast that Argentina's economy will expand in 2021 and 2022, but will nonetheless remain way below pre-pandemic levels, according to its semi-annual report on World Economic Outlook released Monday in Paris.
Argentine President Alberto Fernández and German Chancellor Angela Merkel Wednesday held a video conference during which both leaders discussed various issues concerning the future of diplomatic and economic relations between their countries.
Argentine President Alberto Fernández Friday rounded up his one-week European tour with meetings in Rome with International Monetary Fund (IMF) Director Kristalina Georgieva and former US Secretary of State John Kerry before flying back to Buenos Aires.
Argentine President Alberto Fernández Thursday met with his Italian counterpart, Sergio Mattarella, with Prime Minister Mario Draghi and with Pope Francis in another stop of his one-week European tour.