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MercoPress, en Español

Montevideo, November 21st 2024 - 18:42 UTC

Tag: Martin Guzman

  • Tuesday, April 19th 2022 - 09:33 UTC

    Argentine Gov't proposes new tax to alleviate burden on the neediest

    Fernández and Guzmán believe those who earned more should help the rest

    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).

  • Monday, April 18th 2022 - 08:37 UTC

    Argentina has too many pensioners, according to an IMF report

    Guzmán is planning new taxes and measures to fight inflation and avert pressure for his dismissal

    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.

  • Saturday, April 2nd 2022 - 09:55 UTC

    Argentina focused on ties with US

    “We worked to continue strengthening the development of economic cooperation opportunities between our nations,” Minister Guzmán said

    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.

  • Wednesday, March 30th 2022 - 09:59 UTC

    Cold winter and fuel shortages ahead for Argentina

    Vaca Muerta remains as one of the world's most promising profitable shale deposits, but with no investments and clear rules of the game...

    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.

  • Wednesday, February 23rd 2022 - 09:54 UTC

    World Bank support for Argentina in 2022 expected to reach US$ 2bn

    WB Managing Director of Operations, Axel van Trotsenburg met with Martín Guzmán, Finance Minister of Argentina, and Gustavo Béliz, Secretary of Strategic Affairs.

    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.

  • Tuesday, February 1st 2022 - 09:11 UTC

    Argentina: Máximo Kirchner resigns as Lower House majority leader

    President Fernández said CFK did not approve of her son's decision

    The recent deal between the Argentine Government of President Alberto Fernández and the International Monetary Fund (IMF) is taking its toll on the country's political leadership front after Lower House Majority Leader Máximo Kirchner announced Monday he would resign that position.

  • Tuesday, January 11th 2022 - 13:50 UTC

    Argentina's covid Miracle

    Professor Stiglitz with Argentine economy minister Martin Guzmán

    By Joseph Stiglitz – Unlike the United States, which could spend one-quarter of its GDP protecting its economy from the COVID-19 fallout, Argentina entered the pandemic with the deck stacked against it. Yet, thanks to the current government’s policies to strengthen the real economy, the country has been enjoying a remarkable recovery.

  • Thursday, January 6th 2022 - 22:11 UTC

    Black Thursday for Argentina's economy – no agreement with IMF

    With Thursday's losses, Argentine bonds accumulate decreases of up to 7.5% in the last five days

    Argentine President Alberto Fernández and Economy Minister Martín Guzmán agreed not to give in to additional demands from the International Monetary Fund (IMF) regarding the US $ 44 billion loan from the previous national administration.

  • Monday, November 22nd 2021 - 09:58 UTC

    Fears of devaluation loom over Argentina as Central Bank reserves run almost dry

    If Guzmán fails to reach a deal with the IMF, collapse looks imminent

    Argentine Economy Minister desperately needs to reach an agreement with the International Monetary Fund (IMF) this week, because the Central Bank (BCRA) has only US $ 800 million left in cash with which to intervene in the local exchange market, which is pressing for a devaluation.

  • Thursday, November 11th 2021 - 09:30 UTC

    Unofficial US dollar crosses 200-peso threshold in Argentina

    “The Central Bank has not lost reserves. In fact, it has accumulated them,” said Guzmán, whom the market seems to no longer trust

    As next Sunday's mid-term elections loom over and the government of President Alberto Fernández seems headed for inevitable defeat, desperate Argentinians turned to the currency black market to convert their volatile pesos into US dollars, thus piercing the psychological AR $ 200 threshold for the first time.