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Montevideo, September 28th 2022 - 13:16 UTC

Tag: Silvina Batakis

  • Friday, August 12th 2022 - 10:30 UTC

    Hectic July shoots up Argentina's inflation

    Batakis failed to bring confidence to the markets

    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.

  • Saturday, July 30th 2022 - 08:10 UTC

    No call, just a message from Argentine President to IMF Chief

    Georgieva had praised Batakis' efforts, but she was no longer Economy Minister upon arriving back from the US

    Argentine President Alberto Fernandez sent International Monetary Fund (IMF) Managing Director Kristalina Georgieva a message explaining the cabinet reshuffle currently underway.

  • Thursday, July 28th 2022 - 21:43 UTC

    It is official: Massa to head Argentina's new superministry

    “The new ministry will be headed by Sergio Massa, current Speaker of the House of Deputies, as soon as his resignation from his seat is resolved,” Casa Rosada said.

    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.

  • Thursday, July 28th 2022 - 09:55 UTC

    Argentina: Massa denies he is to become Economy Minister

    “I did not have any offer,” Massa said. But In Argentina, that can change fast

    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.

  • Thursday, July 28th 2022 - 08:57 UTC

    IDB keeps approving loans for Argentina amid frozen disbursements

    During her time in Washington DC this week, Argentine Economy Minister Silvina Batakis had no contact with any IDB official

    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.

  • Tuesday, July 26th 2022 - 10:55 UTC

    Argentina: Unofficial dollar falls after Batakis meets IMF Chief

    Georgieva postponed her vacation plans to meet with Batakis, it was reported

    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.

  • Tuesday, July 26th 2022 - 10:51 UTC

    World Bank officials meet Batakis and confirm continued support for Argentina

    “Argentina values its long-term partnership with the World Bank for its financial and technical support,” said minister Silvina Batakis

    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.

  • Friday, July 22nd 2022 - 07:59 UTC

    Argentina creates differential exchange rate for foreign travelers

    Argentina is planning to further diversify its already prolific assortment of exchange rates between the local peso and the US dollar

    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.

  • Monday, July 18th 2022 - 08:09 UTC

    CFK pushes for universal income for Argentines

    CFK is counting on Lula's return to power to develop her strategies

    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.

  • Thursday, July 14th 2022 - 20:13 UTC

    June's CPI rose 5.3% in Argentina

    Batakis conveys anything but confidence to Argentines who keep buying as many US dollars as they can

    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.

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