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MercoPress, en Español

Montevideo, May 1st 2024 - 06:53 UTC

Tag: Sergio Massa

  • Thursday, March 30th 2023 - 10:45 UTC

    Massa and Gopinath discuss IMF flexibilization and disbursement

    ”Good meeting with Minister Sergio Massa,” Gopinath said.

    Argentina's Economy Minister Sergio Massa Wednesday met with International Monetary Fund (IMF) Deputy Managing Director Gita Gopinath to discuss the flexibilization of the reserve's goals in addition to a US$ 5.3 billion disbursement to be announced early next week, it was reported in Washington.

  • Thursday, March 23rd 2023 - 10:53 UTC

    Argentine gov't to pesify state-held securities in foreign currency

    The US dollar fell slightly against the US peso after the announcements although it will take some time to implement the new measures

    Argentina's Economy Minister Sergio Massa and his aides held a working lunch Wednesday with a group of businessmen from banks, insurance companies, and investment funds, during which the new measures adopted to control a ballooning exchange rate between the local currency and the US dollar were outlined.

  • Wednesday, March 22nd 2023 - 10:24 UTC

    Massa to announce new measures as Argentine peso sinks against US dollar

    Massa will tell businessmen over breakfast about the measures to be published in the Official Gazette

    With the informal exchange rate between the Argentine peso and the US dollar known as “blue” going up AR$ 8, and reaching a new record high of AR$ 394, Economy Minister Sergio Massa is planning a set of measures to reverse that trend. The new package is to be conveyed to businessmen and bankers over breakfast Wednesday before being announced.

  • Tuesday, March 21st 2023 - 09:47 UTC

    Argentine electricity company under intervention for 180 days

    Edesur was deficient in the service and it was still moving on with its sale plans, Massa explained

    Following seemingly endless power cuts in the Buenos Aires area, Federal Economy Minister Sergio Massa ordered the intervention of suppliers Edesur and appointed Jorge Ferraresi as the company's new controller for a period of 180 days.

  • Friday, March 17th 2023 - 08:48 UTC

    BCRA adjusts benchmark interest rate: 78% annually

    It was the first monetary policy rate increase in 2023 and also since September last year

    Argentina's Central Bank (BCRA) Thursday decided to raise the benchmark interest rate by 300 basis points to 78% annually, it was announced in Buenos Aires the day after the INDEC said the Consumer Price Index for the month of February ad grew 6.6% for a year-on-year inflation of 102.5 %, the highest in the last 32 years.

  • Monday, March 6th 2023 - 09:55 UTC

    Massa announces “wine dollar” for Argentine producers

    “We must have more Argentine wine in the world,” Massa said.

    The Government of Argentina announced during the weekend the creation of yet another foreign currency exchange rate; one to be applied particularly to wine exports, effective next month.

  • Thursday, March 2nd 2023 - 08:09 UTC

    Power cut hits nearly 40% of Argentine households

    Shortages of electricity and a strong heat wave stir memories of 1988/89 when inflation kept then-President Alfonsín from completing his term

    About 40% of Argentine households were reported to have been left powerless Wednesday afternoon amid unprecedented heat following “several failures in the interconnected system” stemming from a fire that “disturbed a 500 kw high voltage line that connects Campana with General Rodríguez” in the province of Buenos Aires, according to local media.

  • Monday, February 27th 2023 - 08:28 UTC

    IMF to relax quarterly reviews of Argentina's reserve targets after Massa-Georgieva talks

    It is better to be predictable than to need waiver after waiver, Massa told Georgieva

    Argentina's Economy Minister Sergio Massa and International Monetary Fund (IMF) Managing Director Kristalina Georgieva held a bilateral meeting this weekend at the Indian city of Bengaluru where arrangements were being made for the G20 Summit of heads of state and government later this year.

  • Friday, February 24th 2023 - 10:30 UTC

    Massa has busy agenda in India

    The pre-G20 Summit meeting is likely to issue a direct recommendation to the IMF to cut down the surcharges billed to emerging countries

    Argentina's Superminister of Economy Sergio Massa met Thursday with colleagues from hosts India and also of China during his stay in the Indian city of Bengaluru, the capital of the Indian state of Karnataka, where arrangements are being made by finance ministers and central bank presidents for the G20 Summit of heads of state and government later this year.

  • Saturday, February 18th 2023 - 10:48 UTC

    Argentina's reserves wane as “official” dollar rises

    What will Economy Minister Sergio Massa do after the four-day weekend to reverse the currency leaks?

    In a country where the exchange rate between the local currency and the US dollar varies from one counter to the other and hinges on the type of operation involved beyond the exchange, Argentina's official rate against Friday pierced for the first time the symbolic AR$ 200 / US$ 1 threshold at private banks, closing at AR$ 191.25 (purchase) / AR$ 199.25 (sale) at the Banco Nación.