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.
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.
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.
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
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.
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.
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.
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.
Argentina’s economy contracted 2.5% in 2018, the official statistics agency said on Thursday, as the Latin American country’s leaders struggle to revive growth after being rattled by a currency crisis and steep inflation over the past year.
Argentina, Chile, Paraguay and Uruguay re-launched their bid to host the 2030 World Cup following a meeting of their presidents in Buenos Aires on Wednesday. The four national presidents committed to creating a local organizing committee with a representative from each country to coordinate with CONMEBOL, South American football's governing body.