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Montevideo, June 6th 2023 - 22:34 UTC

Tag: Sergio Massa

  • Monday, June 5th 2023 - 12:45 UTC

    Argentina closer to becoming a member of BRICS and their Development Bank

    According to the Argentine delegation sources, Rousseff gave Massa the news at the meeting they held at NDB headquarters in Shanghai .

    The board of the BRICS-led New Development Bank (NDB) will hold a vote for the incorporation of Argentina in August, the entity’s president Dilma Rousseff told Argentina's Economy Minister Sergio Massa currently in China with a numerous delegation in search of money for an almost depleted Central Bank

  • Saturday, June 3rd 2023 - 12:11 UTC

    New currency swap with China gives Argentina some financial relief

    During the meeting, the Argentine delegation gave their Chinese interlocutors official jerseys of the Argentine national football team

    Argentina will have US$ 10 billion to play on the domestic foreign exchange market and avoid a steeper devaluation of the peso after renewing a currency swap with China, Economy Minister Sergio Massa announced in Beijing Friday.

  • Wednesday, May 31st 2023 - 11:00 UTC

    Minister Massa announces agreements for about US$ 1 billion

    Massa will conclude his Chinese tour on Friday

    Argentina's Minister of Economy, Sergio Massa, announced from Shanghai that he has obtained financing for approximately US$ 1 billion for investments and disbursements that will strengthen the Central Bank's reserves.

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  • Monday, May 29th 2023 - 10:59 UTC

    Argentina's race against time: Economy Minister seeks Chinese support to stay afloat

    Economy Minister Massa and Deputy Máximo Kirchner are traveling aboard the ARG-01 aircraft

    Argentina's Economy Minister Sergio Massa is due in China Tuesday, in a desperate bid to secure much-needed dollars for the government's survival and bolster its chances in the upcoming presidential elections. President Alberto Fernández, who recently announced that he would not seek re-election, has taken a backseat, allowing Massa to spearhead this crucial mission.

  • Thursday, May 25th 2023 - 21:43 UTC

    Argentina's presidential elections: CFK did not say it, but she showed it

    From left to right: CFK, Máximo Kirchner, Wado De Pedro and Sergio Massa. The message was there; not so much in the Vice President's speech.

    By Mordechai Taji

    Argentine Vice President Cristina Fernandez de Kirchner (CFK) did not announce on Thursday anyone's candidacy - hers or not - for this year's elections. She did not do it with her voice. But by her side were her son, Deputy Máximo Kirchner, Interior Minister Wado De Pedro, and Economy Minister Sergio Massa. It was a visual message: two of those three will most likely be on one of the tickets to be presented in the primary, mandatory, simultaneous, and open elections (PASO). She also confirmed that she would not run and frustrated the hopes of some unconditional faithful, who expected her to change her mind.

  • Tuesday, May 16th 2023 - 10:59 UTC

    Argentina: “Blue” dollar goes back up after Massa's new measures

    The unofficial dollar reached AR$ 483 on Monday after Sunday's announcements

    As Argentina raised the interest rate to 97% and adopted other measures such as the opening of food imports to control inflation while at the same time further restricting people's access to foreign currency, the “Blue” (a euphemism for “black market”) dollar rose again Monday to AR$ 483, it was reported in Buenos Aires.

  • Friday, May 12th 2023 - 10:59 UTC

    Brazil asks US to help Argentine with IMF talks

    Haddad said he feared the far right could gain momentum in Argentina if the economic crisis is not solved promptly

    The Brazilian Government of President Luiz Inàcio Lula Da Silva Thursday asked the US Treasury Department to exert some pressure on the International Monetary Fund (IMF) -of which the US is the largest shareholder- to help Argentina overcome the current crisis caused by the drought while still bound by commitments signed with the world entity, which are holding back the economic development of the South American country.

  • Friday, April 28th 2023 - 11:15 UTC

    “Blue” dollar keeps backtracking in Argentina

    Massa secured a US$ 690 million loan with the Development Bank of Latin America (CAF) during a meeting in Uruguay. Photo: Gastón Britos / FocoUY

    The “blue” (a euphemism for “black market”) dollar dropped to AR$ 467 Thursday after further announcements and measures from Argentine authorities, after reaching an intraday record of AR$ 497 on Tuesday. It is still an AR$ 72 peso (18.2%) increase for the month of April.

  • Thursday, April 27th 2023 - 10:32 UTC

    Argentina: US dollar recoils after Minister Massa's measures

    Massa managed to calm down the market frenzy

    After the “blue” (a euphemism for “black market”) dollar reached nearly AR$ 500 on Tuesday, Superminister Sergio Massa's measures “in order to avoid speculative maneuvers” resulted in a drop to AR$ 474, it was reported in Buenos Aires.

  • Tuesday, April 25th 2023 - 19:46 UTC

    Argentine gov't losing grip: peso keeps plummeting

    ”We have been experiencing an atypical situation of rumors, versions, false reports, and their consequent impact on financial instruments linked to the dollar,” Massa explained

    By Mordechai Taji – Argentina's authorities are losing grip of the economy as the “blue” (a euphemism for “black market”) dollar hit AR$ 497 Tuesday before recoiling to AR$ 487, then bouncing back to AR$ 490, down again to AR$ 487 and back up once more to AR$ 495 amid growing unrest.