Argentina’s peso strengthened for the third straight day on Friday, driven by optimism that the government would sign a revised financing deal with the International Monetary Fund to include stricter fiscal measures and faster cash disbursements.
UK Prime Minister Theresa May confirmed on Tuesday to Argentine cabinet chief Marcos Peña that she will be attending the G20 summit scheduled for next December in Buenos Aires. Mrs. May turned up at an office where her principal private secretary Peter Hill was holding a meeting with Peña at 10 Downing Street.
Argentina is looking to expand an existing currency swap arrangement with China, as Buenos Aires looks to stabilize the economy one month after applying for financial aid from the International Monetary Fund. In an interview with the Financial Times, Argentina’s Chief of Cabinet Marcos Peña, said “we have an active swap with China that the previous government left us and we will try to make it bigger.”
Argentine cabinet chief Marcos Peña honored all combatants fallen during the Falkland Islands conflict and laid a wreath at the crypt in London's St Paul Cathedral, which remembers the 1982 South Atlantic war.
Argentine cabinet chief Marcos Peña arrived on Sunday in London for a two-day full agenda beginning Monday, with a round of ministerial meetings, media interviews, a visit to Parliament, a conference, even a visit to 10 Downing Street, but it will all take off at St. Paul's cathedral to honor the fallen in the Falkland Islands war.
Argentine cabinet chief Marcos Peña will be honoring the British combatants fallen during the South Atlantic conflict when he travels to the UK. The ceremony is scheduled for next 4 June at St Paul's cathedral in London
The government of Argentine president Mauricio Macri is expected to announce on Monday as part of the overall austerity and adjustment programs, a freeze on all top government salaries and the reduction of at least 20% in political nominee posts in the Executive branch.
Argentina changed its inflation target for 2018 to 15%, up from the central bank’s previous goal of 8-12%, Treasury Minister Nicolas Dujovne said on Thursday, raising expectations for interest rate cuts. The government will postpone by one year its goal of lowering inflation to 5%, pushing it back to 2020, Dujovne said.
A trade union-organized march in Buenos Aires descended into violence Thursday, with thousands of protesters clashing with police as they demanded lawmakers reject a controversial pension reform plan. Riot police used water cannons, tear gas and rubber bullets against demonstrators, who threw stones and burned barricades made of rubbish outside the doors of Argentina's congress.
Argentina’s top prosecutor quit on Monday under pressure from the government over accusations that she hampered corruption investigations into officials from the previous administration of President Cristina Fernandez.