The Argentine Government of President Javier Milei has been granted a loan of nearly US$ 1 billion by the Development Bank of Latin America and the Caribbean (CAF) to face maturities with the International Monetary Fund (IMF) later this month.
Banana producers in Paraguay and Bolivia have agreed to resume shipments to Argentina after the outgoing administration of President Alberto Fernández authorized the use of foreign currency to pay for those imports.
After Sunday's loss of Unión por la Patria (UP) of Economy Minister Sergio Massa to La Libertad Avanza's Javier Milei in Argentina's presidential runoff elections, the country's ruling party was delivered yet another blow this week when manual counting handed the post of Mayor of the exclusive beach resort of Pinamar in the Province of Buenos Aires to the Juntos por el Cambio (JxC) candidate by just one vote over his UP rival.
After it was reported in the wee hours of Monday that Sergio Massa would be seeking a leave of absence as Argentina's Economy Minister following his defeat at Sunday's presidential runoff, he announced during Monday's national holiday that he would be staying on his job until Javier Milei's inauguration.
The ruling party's presidential candidate and current Minister of Economy of Argentina, Sergio Massa, acknowledged on Sunday the victory of his libertarian and far-right contender, Javier Milei, in the second round of elections in the country. The candidate of Libertad Avanza surpassed Massa in the ballotage by almost 11 points. The support received in the interior of the country, especially in Córdoba and Mendoza, was decisive, it was reported.
Presidents Luiz Inácio Lula da Silva of Brazil and Luis Lacalle Pou of Uruguay were among those Sunday who congratulated Javier Milei on his victory over Sergio Massa at the runoff elections in Argentina. Also joining the celebrations were Uruguayan Vice President Beatriz Argimón and US Ambassador to Buenos Aires Marc Stanley.
After acknowledging defeat and warning in a public speech that starting Monday “the responsibility of giving certainty on the economic performance” of Argentine would be up to President-elect Javier Milei, it became known in Buenos Aires that Sergio Massa would take a leave of absence as economy minister, allegedly to allow for a smoother transition.
One day before the runoff election between Economy Minister Sergio Massa and Libertarian Congressman Javier Milei, most opinion polls do not agree on who is more likely to become Argentina's next president. The only consensus seems to hinge on the role of undecided voters who make up their minds at the last minute. In addition, many are already certain they will cast a blank ballot in a country where such an act is mandatory.
Under pressure from the Argentine incumbent presidential candidate for this Sunday's election runoff, and current Economy minister, Sergio Massa, grain markets in the country are forecasting a promising boom for the next agriculture year, with recovered crops and increased revenue to the tune of some US$ 20bn.
During his participation Wednesday at the ceremony marking the commencement of the 2023-2024 Antarctic campaign, Economy Minister and presidential candidate Sergio Massa praised the role he envisions for the Armed Forces “in the defense of Argentine sovereignty” which constitutes a big challenge for the years to come from a “bicontinental” viewpoint.