News of economy minister

Mercosur-China trade talks must address imbalance, Paraguay says

06-09-2024 11:59 Mercosur would be willing to negotiate a trade agreement with China if it addresses the lopsided commerce between the two trading partners, says Paraguay.

POLITICS

Officials close ranks behind Pettovello as pressure builds

06-06-2024 20:51 Leading figures in government close ranks behind embattled Human Capital Minister Sandra Pettovello; President Milei backs ‘best minister in history’ as foodstuffs scandal rumbles on.

FOREIGN POLICY & DIPLOMACY

Milei closes off tour with Italian president, PM encounters

12-02-2024 15:18 President Javier Milei meets with his Italian counterpart Sergio Mattarella and Prime Minister Giorgia Meloni in Rome, eyeing “new stage” in bilateral ties.

Politics

Milei crowns Caputo as super-minister, granting him greater power

03-02-2024 06:32 President Javier Milei has left in his economy minister’s hands all the areas managed by former Infrastructure minister Guillermo Ferraro. Today, Luis Caputo is one of the most influential people in the libertarian leader’s government.

by Gonzalo Martínez

POLITICS

President Milei sacks Infrastructure Minister Guillermo Ferraro

25-01-2024 22:34 Infrastructure Minister Guillermo Ferraro asked to resign post amid reports he leaked information from Cabinet meetings, local media reports.

POLITICS & ECONOMY

Chainsaw Plan Round 2: Government looks to deepen austerity

14-01-2024 10:19 Economy Minister Luis Caputo assures that there has been no fiscal shock so far in Argentina and that there is still room for further tightening. If President Javier Milei’s ‘Omnibus law’ does not pass through Congress, cutbacks will continue for state personnel, with cuts in overtime, the freezing of salaries, and the non-renewal of expiring contracts.

by Juan Pablo Kavanagh

MILEI’S GOVERNMENT

New Economy Minister Caputo to announce first measures Tuesday

11-12-2023 11:31 Milei’s chief spokesman Manuel Adorni, speaking early on Monday from the presidential palace, didn’t provide a specific time for the announcement, confirming the measures are expected for the next day.

MILEI’S GOVERNMENT

Luis ‘Toto’ Caputo returns to fore with unenviable task

30-11-2023 14:54 President-elect Javier Milei confirms that Macri-era finance chief will be tasked with leading Argentina’s economy out of the doldrums and “defusing the bomb that the government is leaving behind.”

CABINET APPOINTMENTS

Milei confirms Luis Caputo will be economy minister

29-11-2023 08:19 President-elect says in interview upon return from trip to United States that both the Treasury and the IMF "understand Argentina's problems perfectly” and that ex-Macri administration official Luis Caputo will serve as economy minister.

MILEI’S GOVERNMENT

Milei says Luis Caputo has expertise to be economy minister

23-11-2023 14:39 President-elect lauds former Central Bank president Luis Caputo, acknowledging he has the expertise to be the next government’s economy minister.

ELECTION 2023: FALL-OUT

Milei says no transition meeting planned as Massa decides to stay on

20-11-2023 18:39 Javier Milei says that "there is no meeting planned" with President Alberto Fernández and says responsibility for period until December 10 inauguration lies with head of state and Sergio Massa, who decides to stay on as economy minister.

BLOOMBERG - ANALYSIS

Milei opens a new era: What comes next in Argentina policy-making

20-11-2023 09:25 Milei’s biggest political challenge will be his lack of support in Congress, where his party only counts a minority of senators and a fraction of lower house representatives.

ELECTION 2023: FALL-OUT

Report: Economy Minister Massa ‘to take leave of absence’

19-11-2023 23:59 Argentina’s Economy Minister Sergio Massa will reportedly seek a leave of absence from his post to "facilitate the transition" with President-elect Javier Milei; President Alberto Fernández speaks with election winner and duo agree to meet Monday for talks.

Election 2023

'The results are not what we hoped for' – Massa concedes defeat

19-11-2023 20:41 Economy Minister Sergio Massa pre-empted the publication of provisional results on Sunday night, conceding defeat in the presidential run-off to Javier Milei.

MINISTER ON CAMPAIGN

Massa aims portfolio power at pockets with income tax bill

14-09-2023 13:55 Economy Minister Sergio Massa raises income tax minimum threshold and programme to return IVA value-added tax, just one month before elections; Move means just 80,000 tax-payers will be paying 'ganancias' from October onwards.

GOVERNMENT MEASURES

Argentina fixes oil price at US$56 a barrel to put inflation in check

18-08-2023 14:27 Argentina has fixed the price of oil received by drillers at US$56 as it scrambles to stop inflation getting further out of control after this week’s currency devaluation.

ELECTION 2023

Massa-Rossi: Unión por la Patria’s unexpected unity formula

30-06-2023 06:58 Argentina’s ruling coalition, after talks between Alberto Fernández and Cristina Fernández de Kirchner, finally opts for unity and no Kirchnerite name on the ticket – with the president choosing the second name on the ticket.

by Rosario Ayerdi

BILATERAL RELATIONS

Fernández and Lula meet in Brasília for trade and financing talks

02-05-2023 20:42 President Alberto Fernández met with Brazilian leader Luiz Inácio Lula da Silva in Brasília on Tuesday, with talks focusing on financing for imports and exports.

INTERVIEW / PERIODISMO PURO

Sergio Massa: ‘Argentina is a country which has a lot to offer a world in crisis’

14-01-2023 06:38 In his first long interview since assuming office as Argentina’s ‘super economy minister,’ Sergio Massa analyses his first few months in office and outlines his goals for 2023.

by Jorge Fontevecchia

Minister's outlook

Economy can grow above 3% while slowing inflation, says Massa

08-01-2023 22:37 Economy Minister Sergio Massa says Argentina can record growth of 3% in 2023 in a feature-length interview with Perfil newspaper.

EXCHANGE MARKET

Argentina’s black-market peso slumps to record ahead of holidays

29-12-2022 15:33 Argentina's black market exchange rate plunged to a record low this week, with the blue dollar hitting 357 pesos per greenback.

ANALYSIS

Lula tests markets, picking leftist ex-mayor Haddad as finance boss

12-12-2022 09:53 Former São Paulo Mayor Fernando Hadda, a 59-year-old party loyalist, named as finance minister, following weeks of speculation about who would take on the most challenging job in Luiz Inácio Lula da Silva's incoming administration.

THE ECONOMIC INSIDERS

Meet the trio of key players backing Massa at the Economy Ministry

16-11-2022 10:54 Gabriel Rubinstein, Guillermo Michel and Lisandro Cleri are the officials who represent the eyes of Argentina’s Economy Minister Sergio Massa. Longtime and low-profile backers of the Tigre leader, their support is unconditional.

BLOOMBERG

Massa discussed Inter-American Development Bank job with US senators

08-11-2022 22:15 US senators discussed with Sergio Massa the possibility of Argentina's economy minister becoming a candidate to lead the Inter-American Development Bank.

BRITISH POLITICS

Challenges await new UK PM Sunak, fifth Tory leader in six years

27-10-2022 15:20 Arrival of 42-year-old in office, youngest PM of modern times, cheers up Conservatives – but Labour senses weakness.

BRITISH POLITICS

Sunak names team of familiar faces to steer UK through crisis

27-10-2022 02:29 Prime Minister Rishi Sunak named an experienced Cabinet to lead the UK through what he called a “profound economic crisis,” only to face immediate criticism for reappointing a series of scandal-hit former ministers to senior government jobs.

BRITISH POLITICS

Incoming PM Sunak inherits UK economy in crisis

24-10-2022 14:31 Britain's next leader inherits a UK economy that was headed for recession even before the recent turmoil triggered by Liz Truss.

HUNT FOR GREENBACKS

Massa seeks more dollars, betting everything on 2023

07-10-2022 08:51 Relief from the government’s “soy dollar” twinned with concern because hoarding hard currency will not be so easy in the final months of the year; Minister on course to deliver fiscal deficit of 2.5% of gross domestic product, thus magnifying future political tensions and challenges for an electoral year.

FEATURE

Cash-strapped Argentina goes all or nothing on new economy chief

15-09-2022 15:55 New ‘super’ minister has undoubted political clout and scored early wins in Washington – but Sergio Massa’s presidential ambitions depend on avoiding economic meltdown