Tag: Luis Toto Caputo

• Thursday, May 16th 2024 - 19:08 UTC

  Argentina needs to solve its exchange rate problem, IMF spokeswoman says

  

  International Monetary Fund (IMF) Spokeswoman Julie Kozack said that Argentina needed to lift the exchange rate ceiling if the government were to protect the country's Central Bank reserves. Kozack's remarks during a press conference came a day after Economy Minister Luis Toto Caputo announced that the South American nation was on course to dollarization.

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• Monday, May 13th 2024 - 20:45 UTC

  Argentina passes IMF test with flying colors, will get US$ 800mn

  

  After passing the eighth review of its debt refinancing program with the International Monetary Fund (IMF), Argentina is expected to receive a US$ 800 billion disbursement in the coming weeks, it was announced Monday. However, the transaction still needs to be approved by the IMF Board of Directors.

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• Thursday, May 2nd 2024 - 19:11 UTC

  Argentina: Drop in retail prices expected soon

  

  In line with President Javier Milei's chainsaw politics to curb inflation, Argentine supermarkets expect a drop in retail prices shortly once imported items arrive to compete with local production as agreed upon with the Economy Ministry in March, it was reported in Buenos Aires.

• Tuesday, April 23rd 2024 - 10:33 UTC

  Milei praises his own administration for its financial surplus

  

  Argentine President Javier Milei Monday highlighted his administration's performance bringing about a financial surplus worth AR$ 276.638 billion (US$ 276.638 million), which constituted a “historical feat.” He also said this achievement of three consecutive surplus-yielding months -something unheard of since 2008- was possible thanks to his administration's “chainsaw” policies cutting State expenditures. Argentina's economic performance fell well within the goals agreed upon with the International Monetary Fund (IMF).

• Friday, April 12th 2024 - 21:40 UTC

  Argentina: Inflation in March reaches 11%

  

  According to a report released Friday in Buenos Aires by Argentina's National Institute of Statistics and Census (Indec), the Consumer Price Index (CPI) in March in the South American country went up 11% for an interannual total of 287.9%. The new figure represented a 2.2% decrease from February but a 51.6% growth in the first quarter of 2024.