Argentina's Presidential Spokesman Manuel Adorni Friday confirmed his country was going through hyperinflation since the 1% daily rate mentioned earlier this week by Economy Minister Luis Toto Caputo would result in a 3,678% per annum.
Argentine Economy Minister Luis Toto Caputo said Thursday that inflation in his country stood already at 1% per day and insisted that measures were being taken to get out of this “financial catastrophe” through a classic orthodox stabilization plan. “We are in that process, but we are very confident,” he stressed.
The Argentine Government of President Javier Milei has been granted a loan of nearly US$ 1 billion by the Development Bank of Latin America and the Caribbean (CAF) to face maturities with the International Monetary Fund (IMF) later this month.
Brazil intends to keep a good relationship with Argentina despite the ideological differences between the governments of Javier Milei and Luiz Inácio Lula da Silva, Foreign Minister Mauro Vieira told the Lower House's Foreign Affairs Committee on Wednesday.
President Javier Milei's La Libertad Avanza (LLA) Wednesday managed to get Senator Bartolomé Abdala from the province of San Luis elected Provisional Speaker of the Upper House. The lawmaker thus became second in line to the Casa Rosada behind Vice President Victoria Villarruel, who was praised for her political skills brokering a majority with no help from Peronism to garner 39 votes in favor of Abdala and 29 abstentions with no negative voices.
Argentina's Economy Minister Luis Toto Caputo Tuesday admitted people would be worse off for a couple of months while announcing in a recorded message the new measures adopted by the administration of President Javier Milei to bounce back from the deep crisis.
While Economy Minister Luis Toto Caputo's message describing the government's next measures was aired, President Javier Milei appeared at the República Oriental del Uruguay Square in Buenos Aires for the celebration of the Jewish Hanukkah festivity.
Buenos Aires Federal Judge Ariel Lijo issued a warrant for the arrest of a man suspected of having thrown a bottle at President Javier Milei as his motorcade in a convertible car was heading from Congress to Casa Rosada midway through the inauguration. The object ended up hurting one of the guards, it was reported.
Argentine President Javier Milei confirmed he intentds to appoint Rabbi Axel Wahnish as the South American country's next ambassador to Israel in addition to moving the mission from Tel Aviv to Jerusalem, it was reported in Buenos Aires.
Javier Milei was sworn in as Argentina's new president on Sunday during a ceremony in Congress in front of outgoing Vice President Cristina Fernández de Kirchner (CFK), who once again made headlines for giving the middle finger to supporters of the new leader as she entered the building. Milei received the presidential sash from his predecessor, Alberto Fernández. Minutes later, Victoria Villarruel was sworn in as the new vice president.