Economic Indicators Inflation hit 7.4% in July – highest monthly rate since April 2002 11-08-2022 19:11 Official data reveals prices in Argentina up 71% over the last 12 months; prices have surged by 46.2% so far this year according to INDEC.
RUNAWAY PRICE HIKES Analysts estimate inflation could surpass 90% this year 10-08-2022 23:09 Annual inflation moves ever closer to three digits amid widespread changes at Argentina’s Economy Ministry.
Cabinet Reshuffle New economy minister vows to respect IMF deficit deal 04-08-2022 18:36 Sergio Massa, Argentina’s third new economy minister in a month, promised to reduce public deficit, as agreed with the IMF, after he was sworn into office.
Cabinet Reshuffle Argentina’s new economy czar sworn in 03-08-2022 17:34 Sergio Massa takes over as the country’s third economy chief in the last month
Bloomberg Argentina is running out of cash to stave off devaluation 02-08-2022 18:10 Argentina teeters on the precipice of severe financial crisis. Peso devaluation looms, with potential for hyperinflation.
IMF DEAL Batakis, ousted while in Washington, pledged to honour IMF deal 01-08-2022 15:43 Batakis returns from IMF huddle in Washington prodding for a more benign agreement without results and with a new job.
Cabinet Reshuffle ‘Super’ economy minister faces mounting crisis ahead 01-08-2022 14:10 Following days of uncertainty during the absence of then Economy Minister Silvina Batakis in Washington, the cabinet changes under study by President Alberto Fernández since midweek started falling into place soon after her return Thursday with Congress Speaker Sergio Massa the new “super-minister.”
Argentine Government Argentina Names Third Economy Minister in a Month Amid Crisis 28-07-2022 19:55 Sergio Massa is the new economy minister, in an expanded role. The former lower house speaker takes over from Silvina Batakis, who held office for only three weeks.
Politics Sergio Massa made “super-minister” in cabinet reshuffle 28-07-2022 18:33 The economy, productive development and agriculture, livestock and fishery ministries will be absorbed under one role.
Argentina Protests Argentine protesters demand universal living wage 28-07-2022 18:17 Central Buenos Aires saw a crowd of demonstrators calling for a “universal salary” this Thursday as heads roll in cabinet reshuffle.
Bloomberg Argentina’s bonds rise amid reports of a cabinet shakeup 28-07-2022 15:34 The markets have responded favourably to rumours Economy Minister Silvina Batakis could be replaced by lower house speaker Sergio Massa, which was reported by local media late Wednesday night.
Politics Argentina cabinet reshuffle: rumours of another new economy minister 28-07-2022 13:23 Argentine Government is changing again: Béliz resigns, rumours abound that Sergio Massa will replace Silvina Batakis as economy minister.
Bloomberg Argentina Economy Minister says she has strong political support 27-07-2022 15:55 New Economy Minister for Argentina Silvina Batakis tells Washington reporters she will stabilise economy, claiming strong political support from the government.
Bloomberg Key Argentina creditor hints at withholding new funding 26-07-2022 13:42 Argentina faces further potential isolation after one of its last-standing creditors suggested it won’t give new funding until the government organises itself better.
Bloomberg IMF sees Argentina committed to programme, with downside risks 26-07-2022 13:27 Officials re-iterate Argentina’s commitment to IMF $44 billion programme, despite economy in deepening crisis and risks on the downside.
Bloomberg Argentina unveils currency measures as black-market peso slumps 21-07-2022 19:28 Foreign tourists can exchange up to US$5,000 in a new exchange rate revealed by the government, which is attempting to perk up the currency after a slump for the ‘dólar blue'
US Presidency Biden’s positive Covid test may derail meeting with Alberto Fernández 21-07-2022 16:24 The White House announced this morning that President Joe Biden is isolating after testing positive with Covid-19, likely affecting Argentine President Alberto Fernández’s Washington visit, planned for 26 July. by Isobel McGrigor
Bloomberg Argentina’s black-market peso hits record as crisis mounts 20-07-2022 15:31 The unofficial Argentine peso has dropped to a historic low this Tuesday, which has exacerbated the crisis provoked by the resignation of former Economy minister Martín Guzmán earlier this month.
ECONOMIC CRISIS Inflation hits 64% year-on-year, analysts fear worse yet to come 14-07-2022 19:05 No respite from price hikes in Argentina: Inflation hit 5.3% in June, increases totalled 36.2% in first half of this year.
BLOOMBERG - ANALYSIS Argentines brace for 90% inflation after economy minister’s exit 14-07-2022 09:18 Consulting firms in Buenos Aires are predicting that Argentines face the prospect of 90% inflation by year end.
ANALYSIS Argentina’s economic signals need stronger backing, analysts say 13-07-2022 12:28 Analysts say moderate, prudent policy signals that Economy Minister Silvina Batakis announced Monday lack political support, face execution risks and won’t fix the country’s structural problems.
Markets Argentine debt plumbs new depths as political tensions mount 11-07-2022 15:43 Even by the standards of Argentina’s debt crisis and default of 2020, the nation’s sovereign bonds are now trading at unprecedented lows.
BLOOMBERG - ANALYSIS Argentina needs to stick to IMF agreement, says minister 11-07-2022 15:32 In her first press conference, Silvina Batakis said Argentina would continue working to balance its fiscal accounts, promote positive real interest rates, and move forward with reducing energy subsidies.
And that reminds me… From Gooseman to Batgirl? 09-07-2022 07:30 Recommended to President Fernández as having “the necessary dose of heterodoxy and the indispensable dose of orthodoxy,” Guzmán was eventually found wanting on both counts with the latter front more fatal. by Michael Soltys
POLITICS The capitulation of Martín Guzmán and the struggle of Sergio Massa 09-07-2022 07:30 After a weekend of fury, a newly reconfigured power structure has been put in place that promises to keep us on our toes, with the vice-president continuing to gain territory. by Agustino Fontevecchia
EDITORIAL Leaps in the dark 09-07-2022 06:00 Always subordinating economic policy to electoral strategy in classic populist style, Cristina Fernández de Kirchner seems convinced that a 2023 election irretrievably lost with Martín Guzmán’s IMF orientation can be turned around with an extreme transformation.
Another week in Argentina Resignation, transition, succession: Inside Guzmán's last days and Batakis' first 08-07-2022 09:48 The economy minister’s decision to step down, the reaction to it and how the government found a replacement – inside a momentous week in Argentina. by Juan Luis González
THE CHALLENGES AHEAD New minister Batakis takes office in an Argentina full of uncertainty 07-07-2022 23:34 Silvina Batakis faces a number of key challenges and decisions; Issues like inflation, the IMF deal, the fiscal deficit and subsidies top her in-tray.
IMF DEBT DEAL IMF ‘looking forward’ to working with Batakis at ‘difficult moment’ 07-07-2022 16:06 New economy minister speaks with multilateral lender’s chief Kristalina Georgieva, who says Batakis confirmed her “commitment” to IMF refinancing programme.
DEBT TALKS Paris Club requires Argentina stick to IMF deal to rework debt 07-07-2022 14:20 Paris Club group of wealthy creditors says government must give assurances that it will comply with IMF deal if talks over restructuring of debt are to continue.
BATAKIS' TEAM TAKING SHAPE? Trade secretary dumped with Scioli and La Cámpora defining Batakis’ team 07-07-2022 01:24 Guillermo Hang leaves post after just over six weeks in role; New economy minister’s team begins to take shape.
NEW ECONOMY MINISTER Inflation, export duties and IMF: Silvina Batakis’ economic definitions 06-07-2022 23:00 Martín Guzmán’s successor considers that the escalation of prices is a multi-causal phenomenon and defends strong state regulation of the economy. For her, “wages must run ahead of inflation.”
BLOOMBERG - ANALYSIS Argentina's subsidy cuts mired in doubt under new minister 06-07-2022 22:14 Several analysts insist that a question mark hangs over Silvina Batakis’ commitment to spending cuts penned by Martín Guzmán and the IMF.
PROFILE: SILVINA BATAKIS ‘Silvina the Greek’: minister with political profile becomes consensus pick 06-07-2022 16:12 With a political profile located on the left wing of the ruling coalition, economist Silvina Batakis emerged as the consensus figure to lead the Economy Ministry.
FINANCIAL TURBULENCE Argentina's bonds, currency plunge on Batakis' first day in office 05-07-2022 17:04 Argentina’s global bonds fell the most since they were issued nearly two years ago as Silvina Batakis assumes office.
NEW MINISTER SWORN-IN Batakis sends message to markets as she’s sworn-in as economy minister 04-07-2022 22:17 Argentina’s new economy minister Silvina Batakis says she believes in “fiscal balance” and says Argentina needs “more exports” and to “revalue our currency.” Vowing to talk to the IMF soon, she says that the government's segmentation plan to alter subsidies for public utilities will continue.
Bloomberg Batakis takes reins of Argentina’s economy as markets tumble 04-07-2022 21:34 Silvina Batakis declares that she "believes in fiscal balance" as she is sworn-in as economy minister.
Economic crisis Markets react negatively to change of economy minister 04-07-2022 17:30 The peso depreciated sharply against the dollar in the informal market on Monday as investors reacted to the appointment of Silvina Batakis as economy minister.
BLOOMBERG Argentina’s black market peso sinks on economy minister shake-up 04-07-2022 14:16 Argentina’s black market exchange rate tumbled on Monday after left-leaning economist Silvina Batakis was appointed as the new economy minister.
New minister named Fernández and CFK chose Silvina Batakis as Argentina's new economy minister 03-07-2022 22:55 After lengthy negotiations at the Olivos presidential residence, President Alberto Fernández appoints Silvina Batakis to replace Martín Guzmán, who resigned amid a crisis in the ruling Frente de Todos coalition.
POLITICS & ECONOMY Fernández taps Batakis as economy minister to tackle crisis 03-07-2022 22:38 President Alberto Fernández taps Silvina Batakis as the country’s new economy minister to replace Martīn Guzmán, who resigned his post a day earlier.