Despite a history of many IMF rescue programs, Argentina once again faces a deepening financial crisis, raising questions about whether the Washington-based lender made a mistake in its dealings with Latin America's third largest economy.
Argentina's presidential front-runner Alberto Fernandez is on a tightrope between the interventionist policies of his better-known running mate Cristina Fernandez de Kirchner and the stumbling free-market reforms of incumbent Mauricio Macri.
Another volatile week with still many uncertainties begins this Monday for Argentina even when some of the latest measures adopted by the administration of President Mauricio Macri helped to calm markets, debilitating apocalyptic forecasts.
Argentine markets ended the week on a high after capital controls helped arrest a sharp plunge in the peso currency and local bond prices, but investors said the outlook remained shaky amid swirling political and financial uncertainty.
Argentine markets held steady on Wednesday, even as thousands of protesters took to the streets to demonstrate against the government of President Mauricio Macri and a darkening economic outlook in the recession-hit South American country.
Former president of Argentina Cristina Fernandez de Kirchner has come under fire from Argentina’s Jewish community after referring to fruit imports from Israel.
Argentine farmers, anxious about an increasingly murky political outlook and economic turmoil, are turning toward soy over more expensive corn to cut costs, a shift that could impact next season’s harvest in one of the world’s top grain exporters.
Argentina's peso surged on Tuesday, pumped up by Wall Street traders cheering President Mauricio Macri's capital controls that are aimed at protecting the beleaguered currency. The peso closed 5.39% higher at 55.98 per U.S. dollar, traders said, its strongest level in a week after a near-record low close on Friday.
The Argentine government made official the authorization for a second weekly flight between the South American continent and the Falklands Islands, this time to Sao Paulo, Brazil with a stopover once a month, on both ways in the city of Cordoba. This means all is ready for the inauguration.
Argentine bond prices fell to record lows on Monday and the official and black-market pesos diverged after the country imposed capital controls in a bid to stem a currency rout that is sharpening the risk of default.