Tag: Mauricio Macri

Tuesday, April 9th 2019 - 09:59 UTC
Argentina's Peso takes a rest after a hectic week but the country risk shoots to its highest this year

Latin American stocks were flat on Monday, partly subdued by delays in important pension reform in Brazil, while currencies in the region rose against a weak dollar but Argentina's peso hovered around record-low levels on political uncertainty and the highest country risk so far this year.
Saturday, April 6th 2019 - 09:33 UTC
IMF releases US$10.8 billion to Argentina and insists on fiscal prudence

The Executive Board of the International Monetary Fund (IMF) completed on Friday the third review of Argentina’s economic performance under the 36-month Stand-By Arrangement (SBA) that was approved on June 20, 2018. The completion of the review allows the authorities to draw the equivalent of SDR 7.8 billion (about US$10.8 billion), bringing total purchases since June 2018 to SDR 28.01371 billion (about US$38.9 billion).
Friday, April 5th 2019 - 09:26 UTC
Argentines take to the streets under pouring rain to protest Macri’s austerity

Argentine unions, small business owners and activists took to the rain-drenched streets of Buenos Aires on Thursday to protest against austerity measures under President Mauricio Macri, which they blame for amplifying worker hardships and sapping growth.
Thursday, April 4th 2019 - 09:43 UTC
Argentina requests waiver ahead of IMF's third review to further release funds

Argentina has requested a waiver from the International Monetary Fund as some data would not be available in time for the fund's third review this week of US$ 56.3 billion in standby financing agreed last year, a Treasury spokesman said on Wednesday.
Wednesday, April 3rd 2019 - 08:45 UTC
Macri: Argentina's claim on the Falklands/Malvinas is “legitimate and irrevocable”

Argentina's historic claim on the Falkland Islands is “legitimate and irrevocable,” President Mauricio Macri said on Tuesday, April 2nd. at a ceremony marking the 37th anniversary of the 1982 South Atlantic conflict with Britain.
Tuesday, April 2nd 2019 - 09:35 UTC
Argentina dedicates April 2nd to honor Malvinas war fallen combatants and veterans

Argentine president Mauricio Macri will be receiving this Tuesday relatives of Malvinas fallen and veterans at the official residence in Olivos for a commemoration of the 37th anniversary of the South Atlantic conflict
Monday, April 1st 2019 - 09:58 UTC
A preview of Argentina's presidential campaign: “Macri, you son of a b...”

Contrasting and controversial political ads for the Argentine presidential election next October have emerged allegedly launched by Mauricio Macri's advisory team, and they have caused quite a surprise when not a stir. The idea is to promote public works and investments undertaken by the Macri administration despite the virulent criticism of current policies.
Saturday, March 30th 2019 - 08:15 UTC
Argentina election year: Macri increases spending on energy subsidies

Argentina will increase spending on energy subsidies by more than US$ 100 million this year to compensate gas companies hit by delayed domestic price increases, a source at the nation's energy secretariat said.
Thursday, March 28th 2019 - 09:39 UTC
Argentine Peso slides to an all time low and country risk climbs to almost 800 points

The Argentine Peso slid to all-time lows against the dollar as concerns about inflation, weak growth and October's presidential election weighed. The currency has lost 14% so far this year and the weakness raises fears of a repeat of the currency crisis of 2018 when the Peso lost half its value against the dollar.
Wednesday, March 27th 2019 - 08:48 UTC
Argentine financial markets jittery over October elections uncertainty

Investors in Argentina are starting to get the jitters. The gap in yield between local and U.S.-issued bonds has roughly doubled in the last month in the face of stubborn inflation and mounting peso outflows, heaping pressure on President Mauricio Macri ahead of elections later in the year.