Argentina's Domestic Trade Secretary Roberto Feletti has turned in his resignation after his office was relocated from the Ministry of Productive Development to the Ministry of Economy.Add your comment!
Argentina's National Institute for Statistics and Census (Indec) Thursday announced that inflation for the month of April of 2022 had reached 6% for a total of 58% in the last 12 months, which turned out to be the country's highest figure in 30 years.
The United States Ambassador to Buenos Aires was full of praise for Economy Minister Martín Guzmán's handling of the recent deal between Argentina and the International Monetary Fund (IMF), saying the work he did was impressive.
Argentine President Alberto Fernández is leaving Monday on a European tour that regardless of what it may achieve (or not) in economic and political terms, will at least remove him from the spotlight of controversies within the ruling Frente de Todos (FdT) while at the same time leaving Vice President Cristina Fernández de Kirchner (CFK) at the helm of the Executive.
As Argentina's inflation continues to grow with no end in sight and the news is that guidelines agreed upon with the International Monetary Fund (IMF) already need to be reviewed because they were based on a CPI that is no longer attainable, Economy Minister Martín Guzmán is beginning to take flak from friends and foes alike, casting doubts on his chances of remaining in office.
The Argentine Government of President Alberto Fernández Monday announced it planned a new tax which was called the windfall income, to be levied on companies that last year had profits over AR$ 1 billion (around US$ 5 million at the unofficial exchange rate).
A recent report by the International Monetary Fund (IMF) has underlined the fact that Argentina has a larger proportion of citizens earning pensions when compared to other countries in the world.
Argentina's Economy Minister Martín Guzmán met Friday with US Ambassador Marc Stanley at the Treasury Palace in Buenos Aires to discuss the bilateral agenda regarding cooperation between the two countries.
Argentina is on the world's top short list of countries with the largest reserves of gas, but given its political chaos, rabid nationalism and constant changes to the rules of the game, investors remain shy and Argentina will have to prepare for a cold austral winter and even fuel rationing as it's already happening with diesel, desperately needed to harvest summer crops and prepare the soil for summer sowing.
A top-level Argentine economic and strategic delegation met in Washington with the World Bank Managing Director of Operations to address close bilateral relations, cooperation, and solid support from the bank for South America's second-largest economy.