News of economy

Nothing more supreme than uncertainty

Yesterdat 00:01 Guzmán is not the first economy minister to be humiliated by political priorities and nor will he be the last.

by Michael Soltys

Economic downturn fuels crypto craze in Argentina

07-05-2021 08:00 As Argentines battles high inflation, a weaker currency and a shortage of US dollars, citizens have been putting their money into cryptocurrencies like Bitcoin, Tether, Etherium or Dai.

Question marks over Guzmán’s tenure as economy minister

04-05-2021 22:09 Martín Guzmán’s bid to force out Energy Undersecretary Federico Basualdo – frustrated for now despite counting on the support of President Alberto Fernández – has reignited rumours over the economy minister’s future and exposed infighting among the ruling coalition.

Australia’s spat with China opens door for grain rival Argentina

04-05-2021 21:48 Farmers in Argentina are pouncing on a trade feud between grain rival Australia and voracious crop buyer China.

Life after the great pandemic

01-05-2021 00:43 Hopes that the pandemic would abolish history by putting things in perspective and unite the world are still floating around, but they owe more to wishful thinking than to anything else.

by James Neilson

Frente de Todos at odds over future of energy official

01-05-2021 00:16 Rumours sweep through political circles speculating that Economy Minister Martín Guzmán is seeking removal of energy undersecretary. Kirchnerite officials aggressively deny claims that Federico Basualdo has resigned his post.

Colombians protest tax reform proposal amid pandemic

29-04-2021 11:48 Protesters march as President Iván Duque's government moves to tax the incomes of those earning more than US$656 a month, lowering the threshold to broaden the tax base.

Alejandro Werner, IMF director for Americas, to retire

28-04-2021 17:37 Alejandro Werner, director of the Western Hemisphere Department of the International Monetary Fund, to retire in August.

Consumption fell 26% in March 2021 from previous year, says study

21-04-2021 12:00 New survey shows consumption of energy drinks, chocolates and sweets grew significantly over the past year, while sales of cloth, bleach and air fresheners fell. 

Argentina has 'valuable support' from European nations for IMF debt talks

19-04-2021 13:44 Economy Minister says that Argentina is making "progress" in its debt restructuring talks with the International Monetary Fund and that the country is receiving “valuable support” from European leaders. 

It’s Kici-Time!

17-04-2021 07:25 The emergence of Kicillof and his worldview is part of an electoral strategy aimed at antagonising the opposition, particularly the figure of City Mayor Horacio Rodríguez Larreta.

by Agustino Fontevecchia

IMF official says timing of new debt deal depends on Argentina

16-04-2021 13:55 IMF Western Hemisphere Director Alejandro Werner says a lot of “advanced work” on a new financing programme for Argentina has been completed. But the timing of a new deal depends on the Alberto Fernández administration, he adds.

Covid tsunami

10-04-2021 08:52 The second wave is here and it already looks challenging. A winter of discontent looms ahead of the midterm elections.

by Martín Gambarotta

Passing up PASO

10-04-2021 08:16 The PASO primaries system now stands at a crossroads between postponement, suspension and even elimination. Neither the government nor the opposition speak with a single voice on this issue where public health realities are as much a factor as political preferences.

by Michael Soltys

Leftist Andrés Arauz says he would renegotiate Ecuador's agreements if elected

08-04-2021 16:31 Leftist presidential candidate Andres Arauz has big plans to change Ecuador's course if elected on Sunday, when he faces right-wing contender Guillermo Lasso in a run-off vote.

Right-winger Guillermo Lasso says aiming for Ecuador political unity

08-04-2021 16:20 Right-wing presidential candidate Guillermo Lasso says he's ready to work with anyone, including political rivals, to govern the country if elected in Ecuador's second-round run-off on Sunday.

Guzmán: IMF credit line deal will not be finalised before May

05-04-2021 10:28 Economy Minister Martín Guzmán says a plan with the International Monetary Fund to repay US$45 billion in debt won’t be finalised by May or June.

Poverty is our worst expense

03-04-2021 09:03 This relentlessly surging poverty worries all of us and naturally worries the government too – or does it?

Fernández: IMF debt is 'unpayable' and terms must be renegotiated

28-03-2021 21:53 President Alberto Fernández said on Sunday that the Argentina's debt with the International Monetary Fund is "unpayable" in its original form.

President Fernández calls to extend IMF payment period

28-03-2021 16:03 President Alberto Fernández called on the IMF to extend the repayment period on the nation’s debt facility beyond 10 years – something the Fund doesn't allow.