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MercoPress, en Español

Montevideo, May 2nd 2024 - 13:53 UTC

Tag: Mauricio Macri

  • Saturday, May 26th 2018 - 09:11 UTC

    IMF/Argentina discussions to stabilize the economy are “progressing well”

    “We are really moving ahead and we have committed to President Macri that we will do the best we can in order to move expeditiously”, Ms Lagarde said

    “We are really moving ahead and we have committed to President Macri that we will do the best we can in order to move expeditiously and efficiently in order to change the perception about Argentina and the perception that people have about our role,” Ms Lagarde said in Russia.

  • Saturday, May 26th 2018 - 08:54 UTC

    Argentine church independence message: sigh of relief for embattled Macri

    Members of the Macri administration during the ceremony listening to Cardinal Poli's homily calling for unity and better distribution

    A sigh of relief from Argentine president Mauricio Macri and his administration following on Friday's Tedeum by the Archbishop of Buenos Aires, which marks the Church' message on May 25, the symbolic celebration of the first independence efforts during the 1810 Revolution.

  • Saturday, May 26th 2018 - 08:32 UTC

    Thousands march in Buenos Aires to protest Argentina's IMF credit bid

    Opposition parties, unions, human rights organizations and artists marched next to Buenos Aires’ emblematic obelisk, under the banner “the country is in danger.”

    Thousands of Argentines on Friday protested the government’s bid to secure a credit line from the International Monetary Fund, which they blame for hardship during a past financial crisis. Opposition parties, unions, human rights organizations and artists took part in the march near the capital Buenos Aires’ emblematic obelisk, under the banner “the country is in danger.”

  • Wednesday, May 23rd 2018 - 06:16 UTC

    (Brexit) UK and Argentina on the same intelligent reinsertion to the global community

    “We should hail this moment, celebrate this moment of intelligent reinsertion”, Johnson told a crowd at a special event hosted by UK ambassador Mark Kent

    Foreign Secretary Boris Johnson forecasted a “new, exciting phase” in Anglo-Argentine relations as he wrapped up his visit to Buenos Aires. Johnson visited Argentina to attend the G20 Foreign Ministers summit. His visit was the first by a British Foreign Secretary in over 20 years.

  • Saturday, May 19th 2018 - 06:26 UTC

    Boris Johnson will be the first Foreign Secretary to visit Argentina in 15 years

    Boris Johnson will also visit Peru and Chile, in an effort to boost post-Brexit trade, during the five-day tour.

    Boris Johnson is to make the first visit by a British foreign secretary to Argentina for 25 years. Mr. Johnson will seek to take advantage of the improvement in relations with Buenos Aires since President Mauricio Macri came to power in 2015.President Macri has talked of lifting curbs on oil, fishing and shipping around the Falkland Islands as tensions eased.

  • Friday, May 18th 2018 - 07:49 UTC

    IMF confirms support for Macri, but also with greater focus on social protection

    Rice stressed that the current situation, marked by “renewed financial market volatility” is very different than the last time Argentina went to the IMF for aid.

    The International Monetary Fund will move quickly to agree on a loan program to support Argentina but there are no details yet on what it will entail, a fund spokesman said on Thursday. However spokesperson Gerry Rice also underlined that the IMF nowadays has a greater focus on social protection, in particular towards the most vulnerable, ensuring the economy and living standards.

  • Thursday, May 17th 2018 - 09:10 UTC

    The dollar falls in Argentina while in Uruguay the rise “does not worry”

    After the rise, the currency was shown at 31.50 Uruguayan pesos for sale on the slates. However, he was flirting with the $ 32 during the previous day. (Photo: Sebastián Astorga)

    The recent rise of the dollar in Argentina had some impact in Uruguay, where it has an accumulation of 7.4% in May. However, for the president of the Central Bank of Uruguay, Mario Bergara, the escalation only owes 20% to the exchange rate in Argentina and rather considers that Uruguay is accompanying global trends.

  • Wednesday, May 16th 2018 - 09:09 UTC

    Argentina seems to have managed Tuesday's challenge, but what comes next?

    Finance minister Luis Caputo said Argentina managed to float additional bonds, equivalent to US$ 3 billion in Pesos

    Argentina’s central bank on Tuesday rolled over billions of dollars in short-term debt, providing President Mauricio Macri’s government with a shot of confidence after weeks of economic volatility. In a statement, the Argentine central bank said it refinanced all of the US$ 26 billion of peso-denominated short term bonds that matured on Tuesday. Investors were attracted by renewal rates of 40% for 36-day Lebac and 38% and 38,5% for 90 days and plus, Lebacs.

  • Tuesday, May 15th 2018 - 06:54 UTC

    Argentina's “L” Day challenge: US$ 25bn in Peso bonds mature on Tuesday

    On Tuesday holders of Lebac Peso-denominated bonds issued by Argentina's Central Bank are maturing, sparking a potential US$ 25 billion payout

    The Argentine Peso plummeted to a new low on Monday despite government attempts to curb losses in recent weeks by hiking interest rates and shedding billions in foreign reserves. The Peso fell sharply on opening Monday and closed down 6.2%, trading at 25.52 against the dollar, having lost close to 33% so far this year.

  • Tuesday, May 15th 2018 - 06:43 UTC

    Argentine admits less growth and more inflation, but exports could be boosted with a dearer dollar

    “We will have somewhat less growth, and somewhat more inflation,” Dujovne told reporters. “It is obvious that will happen.”

    High interest rates will have a negative impact on activity, and the weaker peso resulting from a floating exchange rate regime will add to already sky-high inflation, but both are necessary to prevent a deeper crisis, Argentine Treasury Minister Nicolas Dujovne admitted on Monday.