After having almost three economy ministers in one month, it was no surprise to see Thursday that July's inflation was the highest since 2002, as the National Institute of Statistics and Census (Indec) released its latest report.
Argentine President Alberto Fernandez sent International Monetary Fund (IMF) Managing Director Kristalina Georgieva a message explaining the cabinet reshuffle currently underway.
Argentine President Alberto Fernández Thursday decided to finally launch a cabinet reshuffle which basically consists of blending the ministries of Economy, Productive Development and Agriculture, and Livestock and Fisheries into one office (known as superministry) to be headed by Lower House Speaker Sergio Massa.
Argentina's Lower House Speaker Sergio Massa Wednesday denied rumors that he would take over as Economy Minister but that President Alberto Fernández was delaying the announcement until the incumbent Silvina Batakis returned from her US mission.
The Inter-American Development Bank (IDB) has approved a credit line worth US$ 1140 million for energy investments and vowed to keep reviewing CEO Mauricio Claver-Carone's decision to halt a separate disbursement of over US$ 800 million to a country with such a credit record.
The unofficial exchange rate between the US dollar (also known as “blue”) and the Argentina peso fell between AR$ 16 and 17 Monday after Economy Minister Silvina Batakis met in Washington DC with International Monetary Fund (IMF) Managing Director Kristalina Georgieva and the World Bank agreed on a US$ 200 million loan to boost the country's coffers.
World Bank Managing Director of Operations, Axel van Trotsenburg met with Silvina Batakis, Minister of Economy. Mr. van Trotsenburg and Minister Batakis discussed the global impacts of inflation and the war in Ukraine and Argentina’s role in helping to ease the world’s food crisis as a major agricultural producer.
Argentina's monetary authorities Thursday launched an initiative whereby foreign tourists may sell up to US$ 5,000 through official banking channels at a rate as close as possible to the so-called “blue” dollar.
Argentine Vice President Cristina Fernández de Kirchner (CFK) has been reportedly pressing Economy Minister Silvina Batakis to move forward with a proposal to create the so-called Basic Universal Wage (BUW), as a way out of the current scheme of handouts in the form of endless unemployment subsidies.
Argentina's National Institute of Statistics and Census (Indec) Thursday released its monthly report, which showed that the Consumer Price Index (CPI) had risen 5.3% in June 2022, after a 5.1% increase in May for a 64% yoy adjustment and 36.2% in the first half of 2022.