Tag: Axel Kicillof

Thursday, April 10th 2014 - 06:17 UTC
Argentine top minister in Washington attending the 'ideologically bias” IMF assembly

In a strong reply to the IMF report on the Argentine economy forecasting 0.5% expansion in 2014, the administration of President Cristina Fernandez said the multilateral organization suffers of an 'ideological bias' and its recipes only prompted the 'worst social and productive crisis in the history of Argentina'.
Wednesday, April 9th 2014 - 07:29 UTC
IMF joins Argentine GDP linked bonds controversy involving potential payment of 3bn dollars

The International Monetary Fund reported on Monday a steep deceleration of Argentina’s economic activity for 2014, in a context of “high uncertainty”, according to its latest World Economic Outlook released in Washington.
Monday, March 31st 2014 - 19:25 UTC
Brazil/Argentina agree on deal to promote bilateral trade by guaranteeing 'dollar liquidity'

Brazil and Argentina signed a deal over the weekend that seeks to guarantee importers will have enough U.S. dollars to pay for exports, a move to increase trade between both nations that has been hit hard by a sharp depreciation of the Argentine peso.
Saturday, March 29th 2014 - 05:43 UTC
Argentina denies the subsidies reduction will have an inflationary impact

Argentina's new subsidies’ scheme will have an “insignificant” impact on prices since the whole package basically involves a 'redistribution' of funds, argued Cabinet Chief Jorge Capitanich, emphasizing the decision aims at “encouraging the rational and responsible use of public services.”
Friday, March 28th 2014 - 08:29 UTC
Argentina begins natural gas and water subsidies reduction in three stages

Argentina will cut expensive natural-gas and water subsidies this year which will have an increase impact in utilities' rates between 20% and 80% on average. The gas and water subsidies reduction will reach 80% of top consumers and the accumulative impact will range from the equivalent of 2.5 to 102 dollars, said the Ministry of Economy in a release.
Friday, March 28th 2014 - 06:22 UTC
Argentine economy expands 3%, thus saving 3.5bn in payments to bonds tied to GDP

Argentina's National Institute of Statistics and Census, Indec, announced that the country's GDP grew by 3% across the last calendar year, dropping short of the figure necessary to service bonds linked to the nation's economic activity.
Tuesday, March 18th 2014 - 02:31 UTC
Official inflation in Argentina during February, 3.4% and 7.1% in two months

Inflation in Argentina during the month of February reached 3.4%, which means that in the first two months of the year the index stands above 7.1%, according to the latest figures released by the country's National Institute of Statistics and Census' (INDEC) Consumer Price Index.
Tuesday, March 11th 2014 - 06:44 UTC
Argentina with no serious economic problems, “just complexities and challenges”

Economy Minister Axel Kicillof argued that Argentina does not have serious economic problems, but rather “complexities, difficulties and challenges,” and accused economists and dissident media outlets of orchestrating a campaign to generate an “end of the world” feeling among members of society.
Monday, February 10th 2014 - 03:42 UTC
“Argentina's economy on the right course” K ambassador tells the Washington Post

Argentina's reactions to the country's image in the US and particularly that of President Cristina Fernandez administration economic policies have not ceased. This time it was ambassador before the US government, Cecilia Nahón who strongly replied the terms of an editorial from The Washington Post anticipating “Argentina's coming collapse”.
Wednesday, February 5th 2014 - 23:43 UTC
Paris Club prepared for talks with Argentina over debt repayment

The Paris Club is open to talks with Argentina on repaying its debt, the group of creditor nations said on Wednesday, moving closer towards launching formal negotiations with Buenos Aires.