Argentina's Senate on Thursday gave final approval to an unpopular austerity budget designed to meet the stiff requirements of a US$ 57.1 billion International Monetary Fund bailout. Approval came as a great relief for battered president Mauricio Macri, but also a double victory, since it opens the way for his reelection aspirations next year.
After 13 hours of debate, the Argentine Senate approved the draft Public Administration Budget for 2019 early on Thursday. The project, presented by Mauricio Macri’s government, went ahead with 45 votes in favor, 24 against and just one abstention.
Standard & Poor's on Monday downgraded Argentina's sovereign long term credit rating from “B+” to “B” and reviewed the country's debt prospects to “stable”, following on the “negative” review from last August.
Several Latin American presidents and political activists are scheduled to hold the First Forum of Critical Thinking next week in Buenos Aires, just a few days before the G20 summit which this year in being hosted by Argentina and will convene the world's leaders.
British Prime Minister Theresa May and Argentine president Mauricio Macri are scheduled to hold a bilateral meeting in the framework of the coming G20 summit to be held in Buenos Aires at the end of the month.
Britain rejected point blank the suggestion that a ‘No Deal’ Brexit will help Argentina's claim over the Falkland Islands. The Prime Minister official spokeswoman said there was no doubt Britain’s “relationships” with all of its overseas territories would remain in place after March 2019.
Latin American leaders congratulated Brazilian president elect Jair Messias Bolsonaro for his Sunday victory. Be it via twitter, official releases or direct phone calls, the next president of Brazil was well wished even from neighboring Venezuela's Nicolas Maduro.
The Executive Board of the International Monetary Fund (IMF) completed on Friday the first review of Argentina’s economic performance under the 36-month Stand-By Arrangement (SBA) that was approved on June 20, 2018.
Argentine President Mauricio Macri has created a new body within his administration to reassess the value of land and home property in order to reflect the reality of the real estate market ... and recalculate taxation thereupon.
Argentina's primary deficit fell to 1.1% of Gross Domestic Product (GDP) between January and September this year, compared to 2.1% over the same period in 2017, the Finance Ministry announced on Monday.