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…
Argentina’s depleted FX reserves get timely soybean boost
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank is set to end the week with over $1 billion of foreign currency purchases, boosted by a government drive to stimulate soybean…
Analysis-As economy wilts, Argentina’s Massa seeks to sow hope with farm chiefs
By David Alire Garcia BUENOS AIRES (Reuters) – The “superminister” tasked with rescuing Argentina’s crisis-racked economy needs cash now, and so just days into the job he has launched a charm offensive…
Argentina’s central bank likely to raise interest rate this week, say traders
By Jorge Otaola BUENOS AIRES – Argentina’s central bank is likely to raise its benchmark interest rate by 600 basis points this week to tackle the country’s high inflation, market participants told…
Argentina’s economy chief names new energy secretary
BUENOS AIRES – Argentina’s economy chief Sergio Massa appointed on Sunday a new head of the energy secretariat, which in recent years has doled out multi-million dollar subsidies that have led to…
Analysts expect Argentina’s inflation to reach 90.2% in 2022
BUENOS AIRES – Analysts polled by Argentina’s central bank sharply raised their inflation estimate for 2022 to 90.2%, up 16.2 percentage points from the previous month’s forecast, according to a survey published…
Argentina’s economy superminister appoints top advisers
BUENOS AIRES – Argentina’s new economy superminister appointed his top advisers on Monday, vowing to stop high inflation and the deterioration of the South American country’s economy. Sergio Massa appointed Eduardo Setti,…
Argentina’s Fernandez bets on ‘superministry’ to stop economic bleeding
By Nicolás Misculin BUENOS AIRES – Argentine President Alberto Fernandez launched his latest effort to tackle an economy in crisis on Thursday, tapping one of the ruling coalition’s most powerful figures to…
Argentina’s economy chief touts spending adjustment to investors
By Walter Bianchi BUENOS AIRES – Argentina’s new economy minister told a gathering of investors in the United States on Tuesday she had begun an adjustment to government spending supported by all…
IMF chief welcomes push to boost Argentina’s fiscal health
BUENOS AIRES – The head of the International Monetary Fund on Monday described a meeting with Argentina’s economy minister, Silvina Batakis, as “productive,” amid a deepening economic crisis afflicting South America’s third-biggest…
IDB cannot rubber-stamp Argentina’s funds request – bank president
(Reuters) – The Inter-American Development Bank (IDB) cannot “rubber-stamp” cash for Argentina without it meeting commitments to improve macroeconomic conditions, the IDB President said on Monday. In a letter to the editor…
Argentina’s new economy chief to meet IMF head on Monday
BUENOS AIRES – Argentina’s newly appointed economy minister Silvina Batakis will meet on Monday with the head of the International Monetary Fund in Washington, the government said, as Argentina’s economy struggles with…
Argentina’s sky-high inflation eases slightly to 5.1% in May
By Hernan Nessi and Jorge Iorio BUENOS AIRES – Argentina’s monthly inflation clocked in at 5.1% in May, still painfully high but below expectations and slower than the two previous months as…
‘May be soon’: Argentina’s $40 billion IMF deal trundles closer despite push-back
By Jorge Otaola and Adam Jourdan BUENOS AIRES – Argentina’s deal with the International Monetary Fund (IMF) to refinance over $40 billion in debts is trudging closer to the finish line, despite…
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