President Alberto Fernandez said he has set a March 31 deadline to renegotiate Argentina’s rampant public debt and that a more “innovative” International Monetary Fund approves of the direction his government is taking.
Argentina’s new government is working “nonstop” to resolve its sovereign debt crisis, the country’s Economy Minister Martin Guzman said, a month after center-left Peronist President Alberto Fernandez took office.
The Argentine government announced that this week it will honor payments of some US$ 850 million, which correspond to two different sovereign bonds, one of them a century maturing bond issued in 2017 during the administration of ex-president Mauricio Macri.
Argentines ever so suspicious of their currency and so fully confident in the all mighty US dollar, they have some US$ 322 billion hidden in the “mattress”, which means mostly overseas in bonds, shares, real estate, according to the latest figures released by the country's stats office, Indec.
Peronism will return to power in Argentina from Tuesday. The political force will do it in the hands of the elected President, Alberto Fernández, who will go to the Casa Rosada, the presidential headquarters, at noon after presenting the oath in the Congress to the outgoing vice president, Gabriela Michetti
Outgoing Argentine President Mauricio Macri and his successor Alberto Fernandez embraced for a few seconds on Sunday at the Lujan Basilica, the country's main sanctuary to the Virgin Mary. The gesture was minimum and a few seconds but it was done on request from the Catholic Church.
In what was his last international activity, outgoing president Mauricio Macri attended the 55th Mercosur leaders summit in Bento Goncalves, southern Brazil, which he described as a special diplomatic occasion for his administration's strive to put Argentina back in the wide world map.
Brazil on Thursday handed over the six-month rotating presidency of the Mercosur trade bloc (Southern Common Market) to Paraguay. During a ceremony at the bloc's 55th summit in Bento Goncalves, Brazil's president Jair Bolsonaro expressed confidence in his Paraguayan counterpart Mario Abdo Benitez and his leadership skills.
Argentina central bank chief Guido Sandleris resigned on Wednesday, an expected step as Latin America’s third-largest economy transitions to Peronism next week under newly elected President Alberto Fernandez.
The outgoing government of Argentine president Mauricio Macri and the United Kingdom are in talks for an extension of the humanitarian plan which, with Falkland Islands consent and under the guidance of the International Committee of the Red Cross had enabled the identification of 115 remains buried in the Islands with the sole reference, “Argentine soldier, only known to God”, the tragic legacy of the 1982 conflict.