Argentina’s Milei Goes All In On ‘Shock’ Policies In Bid To Save Country’s Economy
Argentina’s Milei Goes All In On ‘Shock’ Policies In Bid To Save Country’s Economy Jake Smith on March 10, 2024 Argentinian President Javier Milei is embracing “shock” adjustments in a bid to…
Explainer-What does Argentina’s ‘shock therapy’ economic package involve?
By Valentine Hilaire (Reuters) – Argentina’s government under libertarian President Javier Milei has unveiled a “shock therapy” economic plan, a radical and likely painful blueprint to stabilize the South American country’s economy…
Argentina’s Milei formally seeks OECD accession talks
By Jorgelina do Rosario BUENOS AIRES (Reuters) – Argentina’s President Javier Milei has sent a letter to the Organisation for Economic Co-operation and Development (OECD), formally requesting to start accession talks and…
Argentina’s surging prices add urgency to new president’s plan
By Miguel Lo Bianco BUENOS AIRES (Reuters) – The relentless pace of creeping prices in Argentina provides the new president’s plan for immediate shock therapy little margin for error, with many citizens…
Argentina’s Caputo announces peso devalution to 800 per dollar, spending cuts
BUENOS AIRES (Reuters) – Argentine Economy Minister Luis Caputo laid out the new government’s economic shock plan on Tuesday, targeting public spending and a sharp currency devaluation as it looks to defuse…
Argentina’s new government wants to strike EU-Mercosur deal ‘someday, somehow’ -Mondino
By Jorgelina do Rosario BUENOS AIRES (Reuters) – Argentina’s incoming government aims to strike a trade agreement between the European Union and Latin American economies, the country’s future Foreign Minister Diana Mondino…
Argentina’s Milei to meet Biden aide after lunch with Bill Clinton
WASHINGTON (Reuters) – Argentina’s President-elect Javier Milei will meet with a top security aide to U.S. President Joe Biden in Washington, the White House confirmed on Monday, after the far-right libertarian lunched…
Argentina’s Milei, IMF discuss fiscal adjustment plan, monetary program
(Reuters) – Argentina President-elect Javier Milei said on Friday he had spoken with the director of the International Monetary Fund (IMF), Kristalina Georgieva, regarding plans to adjust the country’s fiscal policy and…
Argentina’s economy chief frontrunner pitches Milei’s ‘shock’ therapy to banks – sources
By Jorgelina do Rosario and Jorge Otaola BUENOS AIRES (Reuters) – Argentine former central banker Luis Caputo, frontrunner to be the new economy minister, met local and international bank officials on Friday…
Argentina’s Milei says shutting central bank ‘non-negotiable’
BUENOS AIRES (Reuters) – Argentina’s President-elect Javier Milei said on Friday that the closure of the country’s central bank, a signature campaign pledge, was a “non-negotiable matter”, according to a statement from…
Argentina’s Milei taps new YPF chief in one of first major decisions
By Eliana Raszewski BUENOS AIRES (Reuters) – Argentina’s President-elect Javier Milei selected a senior energy executive to lead state oil company YPF on Wednesday, his spokesperson announced, in one of the leader’s…
Mexico president calls Argentina’s election of Milei an “own goal”
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Tuesday called Argentina’s election of Javier Milei as its new president an “own goal”, even as he said that he respected…
Argentina’s black market currency traders brace for uncertainty
By Alexander Villegas BUENOS AIRES (Reuters) – In downtown Buenos Aires a small group of black market money traders, known as “arbolitos” – or little trees – shouted for business on Monday,…
Shares in Argentina’s YPF soar as Milei hints at privatization
BUENOS AIRES (Reuters) – New York-traded shares in Argentine state-run oil company YPF soared more than 40% on Monday after President-elect Javier Milei said he would seek to privatize the firm. The…
Argentina’s Massa says will renegotiate IMF deal if he wins election
BUENOS AIRES (Reuters) – Argentina’s Economy Minister Sergio Massa plans to renegotiate the country’s loan with the International Monetary Fund (IMF) if he wins the upcoming presidential election, he said Wednesday evening…
Argentina’s presidential candidates face $12 billion energy subsidy conundrum
By Eliana Raszewski BUENOS AIRES (Reuters) – Argentina has a $12 billion energy conundrum: what to do about state subsidies that keep prices at a minimum for two-thirds of consumers, a popular…
Factbox-Who are Argentina’s presidential candidates?
BUENOS AIRES (Reuters) – Argentines will vote on Oct. 22 to elect a new president, with an ultra-libertarian, a conservative and the ruling coalition’s center-left hopeful fighting tooth and nail for the…
In Argentina’s impoverished barrios, Peronists are losing their grip
By Anna-Catherine Brigida BUENOS AIRES (Reuters) – Simona Alegre, a 65-year-old widow, used to earn enough from her government pension to feed her six grandkids. But now Argentina’s worst economic crisis in…
‘Election fear’ stalks Argentina’s markets as volatile vote nears
By Walter Bianchi and Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s markets have a new cause for the wobbles – a presidential election whose outcome is anyone’s guess and could usher in…
Argentina’s senate passes bill to reduce taxes on high-income earners
(Reuters) – Argentina’s senate on Thursday passed a government-backed bill to cut taxes on high-income earners, a move that would erase about one trillion pesos ($2.8 billion) from state coffers in 2023,…
Argentina’s lower house passes bill to reduce taxes on wealthy
BUENOS AIRES (Reuters) – Argentina’s lower house on Tuesday passed a government-backed bill to cut taxes on high-income earners, a move that would erase about one trillion pesos ($2.8 billion) from state…
Argentina’s economy shrinks for first time in nearly three years
BUENOS AIRES (Reuters) – Argentina’s economy shrank 4.9% in the second-quarter of 2023 versus the year-ago period, the country’s statistics agency said on Tuesday, slightly missing analysts’ forecast of a 4.8% contraction…
Argentina’s capital controls are an ‘instrument of torture,’ Bullrich says
By Eliana Raszewski BUENOS AIRES (Reuters) – Argentina’s leading conservative presidential candidate Patricia Bullrich said on Thursday that the country’s strict capital controls were an “instrument of torture” that she would look…
Argentina’s economic activity down 4.4% in June as agriculture plunges
BUENOS AIRES (Reuters) – Argentina’s economic activity fell 4.4% in June from a year earlier, the country’s official statistics agency said on Wednesday, below the expectations of a Refinitiv poll of a…
Argentina’s Milei scores big in provinces, including Kirchner stronghold
By Anna-Catherine Brigida BUENOS AIRES (Reuters) – Argentina’s shock primary election leader Javier Milei, a radical libertarian economist, scored the largest share of the national vote with big wins in the provinces,…
IMF welcomes Argentina’s recent policy actions, commitment to safeguarding stability
MEXICO CITY (Reuters) – The International Monetary Fund on Monday said it welcomed Argentine authorities’ recent policy actions and commitment to safeguarding stability, rebuild reserves and enhance fiscal order. The IMF added…
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